Vision and value proposition:
Rentise seeks to simplify the process of renting residential real estate reducing 95% of the applicants’ costs and showcasing higher-quality applicants to property managers.
The rental journey is slow, outdated, and painful. Users get multiple irrelevant results. Scheduling to view the apartments, sign the lease, and take over the apartment is inconvenient. What you see online differs greatly from what the apartment really looks like. Collecting all the necessary documentation to apply is manual and inconvenient. Applicants need to race against others to prevent losing out. Important applicants’ personal data is kept in hardcopy documents by third parties expose to potential abuse or fraud. Property managers also face issues in efficiently finding trustworthy applicants and balancing portfolio risks.
Target market and opportunity:
The rental residential real estate market in the U.S. is $600B. Key cities where the Rentise solution would work is approximately $70B. The addressable market for the solution is somewhere between $1B-$3B in the US alone with opportunities for international expansion to similar markets.
Rentise focuses on solving five critical pain points, collecting applicant information at the start of the process, and automating all major processes on behalf of the applicant and the property manager.
Me, myself, and I.
- All major real estate and rental platforms (apartments.com, Zillow, Trulia, Compass, etc.)
- Other startups working in the space.