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Rent
Management
For the bottom of the
Pyramid
The punch line
 Colletingrental income especially for
 multiple low income rents can be
 daunting! - Bottom Up team has created
 a platform to remove this pain
The problem..
 Default rate for low income rentals is high
 Face to face meeting with tenants is hard
  to achieve and manage
 Majority of tenants in low income are
  unbanked (there are 230 million
  unbanked households in Africa)
 Majority of the banked population do not
  have a cheque book
The problem.
 Bank  transfers require a visit to the bank
 Bank to transfers are expensive especially
  for small rental incomes
 Handling of cash by landlords and
  tenants is risky
The Value proposition
 Bottom up team is offering a single
 platform to receive payments from
 multiple channels but mainly mobile
 payments. Giving landlord and their
 agents a window to see the collections
 made and rent defaulters.
Capabilities for the platform..
 Trackingof tenants payments records
  (whether paid in instalments or as lump
  some
 Defaulters can be notified and reminded
  through SMS
 Mobile paying numbers is matched
  automatically to rented unit
 Landlord is notified when tenant makes
  payment
Capabilities for the platform.
 Thesystem auto generates statement to
 reconcile payments
Results of testing Value
proposition with potential
landlords
 Landlords   prefer to outsource rent
  collection
 Landlord don’t prefer much familiarity
  with tenants
 Most tenants would not want to run the
  system themselves BUT
 LANDLORDS WANT ACCESS TO THE SYSTEM
  THEIR AGENTS USE AND TO KNOW (ON
  WEEKLY BASIS) THEIR CASH POSITION.
Results of testing Value
preposition with potential
agents
   Majority of agents have standalone systems
    (Some depend Excel Worksheets) that are not
    linked to any payment providers.
   The biggest challenge with agents is
    reconciling the books and paying landlords
    on time and accurately.
   Agents would prefer a onetime purchase of
    rent management system rather than SaaS
    model
Conclusions
   The platform has potential
   The platform should be signed up by landlords but
    used by agents.. i.e. agents should be invited to
    use the system and manage the landlords
    properties.
   The system has capability of creating many
    freelance agents who are affiliated to many
    landlords.
   The agents should not handle rental income other
    than commission and petty cash for repairs and
    maintenance
   The system should be based on mobile payments

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Rent management for the bottom of the pyramid

  • 2. The punch line  Colletingrental income especially for multiple low income rents can be daunting! - Bottom Up team has created a platform to remove this pain
  • 3. The problem..  Default rate for low income rentals is high  Face to face meeting with tenants is hard to achieve and manage  Majority of tenants in low income are unbanked (there are 230 million unbanked households in Africa)  Majority of the banked population do not have a cheque book
  • 4. The problem.  Bank transfers require a visit to the bank  Bank to transfers are expensive especially for small rental incomes  Handling of cash by landlords and tenants is risky
  • 5. The Value proposition  Bottom up team is offering a single platform to receive payments from multiple channels but mainly mobile payments. Giving landlord and their agents a window to see the collections made and rent defaulters.
  • 6. Capabilities for the platform..  Trackingof tenants payments records (whether paid in instalments or as lump some  Defaulters can be notified and reminded through SMS  Mobile paying numbers is matched automatically to rented unit  Landlord is notified when tenant makes payment
  • 7. Capabilities for the platform.  Thesystem auto generates statement to reconcile payments
  • 8. Results of testing Value proposition with potential landlords  Landlords prefer to outsource rent collection  Landlord don’t prefer much familiarity with tenants  Most tenants would not want to run the system themselves BUT  LANDLORDS WANT ACCESS TO THE SYSTEM THEIR AGENTS USE AND TO KNOW (ON WEEKLY BASIS) THEIR CASH POSITION.
  • 9. Results of testing Value preposition with potential agents  Majority of agents have standalone systems (Some depend Excel Worksheets) that are not linked to any payment providers.  The biggest challenge with agents is reconciling the books and paying landlords on time and accurately.  Agents would prefer a onetime purchase of rent management system rather than SaaS model
  • 10. Conclusions  The platform has potential  The platform should be signed up by landlords but used by agents.. i.e. agents should be invited to use the system and manage the landlords properties.  The system has capability of creating many freelance agents who are affiliated to many landlords.  The agents should not handle rental income other than commission and petty cash for repairs and maintenance  The system should be based on mobile payments