Stage of your startup
When did you start
Definition in 1 sentence
Online Housing Rental Platform
We are a web platform rental property that helps Landlord and Tenants respectively rent-out or rent a house. We match secure tenants profile with landlords. Providing house insurance to Landlord, less commission and no deposit for tenants. All these without too much effort on both parties.
Are you incorporated?
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Product Demo Video Adress
Why do you want to attend this program?
Entrepreneurs, Developers, Designers, Marketers, Product managers, Startup enthusiasts, Tech guys, will be there. What could be an opportunity for RentRovi. It's more than just a place to give our idea wings, it’s a place to plug into a community of talent and attracts the best makers for us.
Describe the problem you are solving
We replace the traditional rental property model, which involved real-estate agent, high commission, deposit fees, and unsecured tenant profile, by offering through our web platform a new different way for landlord to rent-out their house to secure tenants checked and verified by RentRovi. Offering them a free house insurance in replacement of the deposit that we remove. For tenants we give them possibility to rent with less commission and no deposit.
How are your customers solving that problem today?
The problem is not beeing solved today, cause customers are still using the traditional dynamics including:
- real-estate agent = high commission
- at least a 2 months deposit (that the landlord usually don't want to give back)
- insecure tenants profile (tenant leaving without paying last rents sometimes)
Target custormers - Define customers, who are they
Students, Civil servants, White collar workers
How do you plan to acquire customers?
- Advertising -Social Media -Social Media Advertising
What is your revenue model or expected revenue model?
What is your target market?
- Civil Servants
What is your total available market size
What steps have you taken to validate the market?
- Rent out 6 houses offline
- 1 house rent out with RentRovi's model (less commission + no deposit)
Do you have competitors? Please write down the names
Competition: write down competitors and explain
Our biggest competitor is Quintoandar from Brazil. They have a similar dynamic like us. They are not yet global but they became a unicorn startup in September 2019 after a total investment of $350M USD.
Who are your competitors and how are you different?
As RentRovi we have a 50% advantage on commission, Providing house insurance, Removing the deposit, and following up our customers even after transactions, for better service
What progress have you made in the last six months?
- Finalized our first prototype
- Apply to KWORKS start-up program for Tech Support
- Connect to Amazon Web Services
- Deployed to production
How many customers/users do you currently have?
What is your monthly growth rate?
From June 2019 until today, we have reached 360 users on our platform. We rented out 72 houses from a total of 183 houses.