BeMyTenant
DIY platform for landlords and tenants to self-manage tenancies and relationships
840,000*
Rental houses ** in Canada are self-managed by landlords through a
broken & fragmented process
* Source – Estimated based on report by Canada Mortgage and Housing Corporation (CMHC)
** Townhouses, Semi-detached, Detached houses
*** Agent charge across Canada = 1 month from yearly rental amount
OTHER OPTIONS?
Hiring real estate agents would cost
8% of rental income *** and existing Property mgmt. platforms focus primarily
on property managers and apartments
SOLUTION?
A dedicated ‘house’ rental platform
(only for landlords & tenants)
Consolidated Services
-
Rental Marketplace, Contract signing & Tenancy management
Compatibility-based matching
-
Validated / screened and score-based* matched landlords / tenants
Landlord-tenant eco-system
-
Agent and commission free platform, Self-reliant processes
* Scores are assigned to the search results (0-99) based on user input and market conditions
MARKET SIZE
TOTAL RENTAL UNITS ACROSS CANADA
CONDOS, APARTMENTS, TOWNHOUSES,
SEMI-DETACHED, DETACHED
3.4M
RENTAL UNITS IN CONSIDERATION
TOWNHOUSES, SEMI-DETACHED, DETACHED
1.4M
PRIMARY TARGET
SELF-MANAGED TOWNHOUSES, SEMI-DETACHED, DETACHED
60%
* Source - Canada Mortgage and Housing Corporation (CMHC)
UNLOCKING RENTAL MARKET POTENTIAL
Targeting 840,000 units and additionally creating value for 560k+ units
PRIMARY
Self-managed prop.
840,000 units
"Streamline the process &
create revenue streams"
POTENTIAL
Rented through agents
560,000 units
"Save commission money &
Improve rental experience"
POSSIBILITY
Vacant spaces not rented
unknown
"Earn extra income &
manage tenancy with ease"
OUR PRODUCT:
END-TO-END TENANCY MANAGEMENT PLATFORM
Host
properties
Manage
Tenancy
Find
compatible match
Send and sign
the lease
Modules ready and operational
CANADA IS IN A RENTAL CRISIS
HIGH RENTING POPULATION
1/3
Renter grew 2x compared to
homeowner from 2011-2021*
LOW VACANCY
1.5%
Lowest since 1988**
HOUSE PRICES (2012-22)
up by 2X
Unaffordability keeps rental demand
high ***
COMPETITIVE LANDSCAPE
BeMyTenant focuses on bringing a new renting experience for a niche market
FUNDING
Raising seed round of
US $500,000 at 20% equity
to scale from MVP to end-to-end platform development and customer acquisition
50%
Product development
(Tech stacks - rental marketplace, mobile app, APIs)
20%
Legal & Trademarks
(licensing, province level legal formalities)
20%
Marketing
(Promotions, Real estate events,
Branding)
10%
Other administrative expenses
.
REVENUE MODEL
A simple monthly plan of $29.99 per lease to manage end-to-end tenancy *
Total Addressable Market
(Canada)
3.4M units
$1.2B
Subscription-based revenue**
Primary Target
(self-managed houses)
840k units
$302M
12-month
projection
1500 units ***
$522k
Currency = CAD
* Landlord payable charge
** $29.99 per lease X 12 months X no. of rental units
*** Calculated based on product dev. roadmap and customer learning curve | 70% - ON, 20% - BC, 10% - Rest of Canada
ALLOCATION VS TIMELINES
GO-TO-MARKET
Gradual Growth with Feedback Loop at Every Stage
Meet the Team
APPENDIX
HOUSES VS APARTMENTS
RENTAL HOUSES HAVE UNIQUE NEEDS AND PRESENT DISTINCT CHALLENGES
HOUSE
APARTMENT
Multiple tenant / families
Shared expenses
& responsibilities
Compatibility between tenants matters
Single tenant / family
Full ownership of expenses & responsibilities
Compatibility is
irrelevant
A NEW EXPERIENCE TO SEARCH AND FIND RENTAL HOUSES
Demographic and social factors impacting the data points:
Budget - Background - Lifestyle - History - Recommendation