RentResolve
Startup Idea: A platform connecting renters with reliable and responsive maintenance professionals for timely and efficient issue resolution in rental properties
Pain point: people are experiencing ongoing issues with their rental unit such as no lights and a continuously running loud toilet, despite informing the real estate agent for months without any effective action being taken
- Categories
- Legaladvice Property Management Maintenance Services Scheduling Software Real-Time Communication Tools
- Idea Generated From
- Reddit Post: Considering withholding rent payments
- Potential Monthly Revenue
- $10000
Business Plan:
Business Idea:
The business idea is to create a platform that connects renters with reliable and responsive maintenance professionals to ensure timely and efficient issue resolution in rental properties. Landlords and property managers can use this platform to quickly find skilled professionals to address maintenance issues reported by tenants, leading to increased tenant satisfaction and retention.
Target Market:
The target market for this platform includes landlords, property managers, and rental tenants who are seeking quick and reliable maintenance solutions for rental properties. The platform will be designed to cater to both residential and commercial rental properties.
Value Proposition:
Our platform will provide landlords and property managers with access to a network of pre-screened maintenance professionals who can quickly address tenant-reported issues. By connecting landlords with reliable professionals, we aim to reduce maintenance response times, minimize property damages, and improve tenant satisfaction. Tenants will benefit from timely issue resolution, leading to a better rental experience.
Monetization Strategy:
The platform will generate revenue through a commission-based model where maintenance professionals pay a percentage of their earnings from jobs secured through the platform. Landlords and property managers will be able to use the platform for free, encouraging them to rely on the service for their maintenance needs.
Marketing Strategy:
The platform will be marketed through targeted online advertising on rental property websites, social media platforms, and collaboration with property management companies. Building partnerships with key players in the real estate and rental market will also be a key part of the marketing strategy.
Financial Projections:
- Number of maintenance professionals on the platform: 200
- Average monthly revenue per professional: $500
- Commission rate: 10%
Monthly Revenue Calculation:
Monthly Revenue = Number of professionals * Average revenue per professional * Commission rate Monthly Revenue = 200 * $500 * 10% = $10,000
Estimated MRR: $10,000
By providing a platform that connects renters with reliable maintenance professionals, we aim to streamline the maintenance process for landlords and property managers while improving the rental experience for tenants.