All Forum Posts by: Nathaniel Becker

@Kenneth LaVoie I like the idea of tying in vacancy and deposit insurance into one product. Seems like the major thing that landlords want to protect against is an unexpected disruption in cash flow. Would love to get more context on how an ideal product would work.  

@Jason D. risk pooling would be a nice way to lower cash flow risks for landlords. I am going to look into regulations for this sort of product.

At the price points I posted above, would the products currently be useful to you? What kinds of landlords would be the best target customer for each of these products, and how do I find them? I've gotten a lot of generally positive responses, but it's been challenging to find a specific landlord who is in the position to buy a financial product like the ones we are discussing. Thanks again for the help.

@Ed Emmonsthanks for the input. There are a number of excellent, affordable property management tools out there--for example, Cozy is free and (I believe) has an automated late rent report. If Cozy doesn't solve the main pain points for you, I would love to get more information about what you currently find frustrating about the property management process.

@Percy N. agreed that price point will matter. Obviously the numbers will depend on a number of factors, but I've included some ballpark estimate prices below. Would love to get your feedback on the value provided.

-Long-term lease purchasing: ~85-95% of existing rent roll.

-Rent continuity insurance: ~.5-1 month of rent for each unit insured, per year. We would also source new tenants at no additional cost.

-Corporate co-signing: .5-2 months of rent, depending on the credit risk of the renter. We anticipate that the renter will pay for this service as opposed to the landlord.

Appreciate the feedback thus far!

Hi folks, I'm a software engineer trying to brainstorm and evaluate financial products that landlords would find helpful. I'm hoping to outsource the idea generation part to you guys. I've listed a couple half-baked ideas below for comment, but am totally open to new suggestions as well. Generally, I would love to learn more about challenges you face that could be solved by new financial products. Thanks!

-Long-term lease purchasing. We would enter into a multi-year contract with you and negotiate a flat monthly payment. We would take care of sourcing tenants (subject to your approval) and deal with all the related logistics. Sort of like a property manager, but we would take on financial liability.

-Rent continuity insurance. If your tenant moves out, we would pay the rental cost until we find a replacement tenant for you (subject to your approval). This way, you have essentially guaranteed continuous cash flow.

-Corporate co-signing for higher-risk tenants. If tenant doesn't pay rent or is evicted, we cover the losses. It's already a big thing abroad, but hasn't made much headway in the US.