This document summarizes the PropTech industry and Ready Estate, a startup aiming to streamline the home rental process. Key points include:
- PropTech is booming, with US$12.6 billion invested in 2017 and growth of 15,000% from 2010-2017. It addresses inefficiencies in the real estate industry.
- Ready Estate uses a mobile app to allow users to search for properties, book viewings, make offers, sign contracts and pay deposits all in one app within 24 hours - 14 days faster than traditional methods.
- The startup aims to initially target studios and 1-2 bedroom flats for rent in London, a $1.77 trillion market, and later expand internationally.
2. 2
PropTech produced 2 of the top 3 most valued startups in the US:
$ 30B $ 42B
US $12.6 bln funding was poured into PropTech startups in 2017
PropTech grew 15 000 %between 2010 and 2017
Source: Forbes
3. 3
PropTech is booming
8.7 out of 10
The Global Prop Tech
Con鍖dence Index in 2018
is all time high
92%
of the UK property owners view
PropTech as an opportunity for
disruption in their industry
Source: Re:Tech
Global venture capital investment in
real estate tech sector, $US
Sources: Global PropTech Con鍖dence Index, The Royal Institution of
Charted Surveyors and Trident Building Consultancy
5. Average time to find residential
property for rent in London is
14 days due to excess email
and phone communications
Source: Homie.Rent research
5
Giving contacts away during
the search results in a phone
nuisance and email spam
6. 6
We shortened the entire process
to less then 2 days!
Time
removed any need for email
or phone communication
between tenant and agent to
arrange viewing or close deal
Privacy
Users protected from
nuisance phone calls
and email spam
8. The old way: 14 non-sleeping days*
8
5 days 3 days 2 days 2 days 3 days
*Source: Homie.Rent research
PROPERTY
SEARCH
VIEWING
ARRANGEMETS
& OFFER
NEGOTIATING &
SIGNING TENANCY
AGREEMENT
PAYMENT
INVENTORY CHECK,
MOVE-IN
9. Ready Estate 24 hours move-in
9
Property
search
Viewing arrangements
& offer
Payment Digital
signature
Inventory
check
Move in
2h 3 h 1 h 16 h 1 h2 h
贈
Ready Estate is x14 faster
10. O
10
Our Solution
Book viewing and place
offer in 1 touch
Reserve property
at the viewing
Sign tenancy agreement
and pay via app
Move-in!
1
2
3
4
24h
All-in-one
mobile
App
for fast search
and move-in
11. How it works
11
Pay reservation fee
to take property off
the market
Rate your agents
and properties
viewed
Sign tenancy
agreement and
inventory check
Book suitable viewing
times and manage
appointments online
Select and compare
all properties on one
map
12. Technology
12
IOS & Android Apps,
website, CRM
Smart location-
based appointment
scheduling system
Customer
Satisfaction Ledger:
ratings & bonuses for
service quality
performance
Digital
contracts and
payments
13. Ready.Estate for agents
13
Additional source
of clients
Full set of tools to manage
listings in one App
Performance-based fee
only (No subscription fees)
15. Global Market Size
50% of the population lives in urban areas and this 鍖gure is to reach 65% by 2025.
Source: United Nations
15Source: Global Residence Index
Real estate market is growing
10% annually*
US$ 162 trillion
Global residential property
market value*
75% of wealth is
concentrated in 15 largest
cities, including London
16. Initial market:
LONDON, UK
Starting Point:
Studios, 1&2 bed flats
London's property market worth twice the combined value of the nine other largest UK cities.
Source: The Telegraph
OVER 2 MLN
Households on Zoopla
and Rightmove - 2
largest marketplaces
4.7 MLN
households in 2017
privately rented and 9
million owner occupied
Source: English Housing Survey 2017 Source: English Housing Survey 2017
16
17. Market Segmentation: London
Source: MAYOR OF LONDON
Source: National Statistics UK
London Average Property Prices, 贈
17
Studio/1 bed;
44%
2 bed;
21%
3 bed;
22%
4+ bed;
13%
London Home Types
贈1.77 trillion
London's residential
propertys worth, over 1/4 of
UK Housing market
50%
of London population is single
occupying studios and 1 beds
Source: Countrywide Lettings index Source: Source: National StatisticsUK
Target
market
Property type Rent PCM Sell, K
Studio 贈925 贈415
1 Bed 贈1 300 贈560
2 Bed 贈1 580 贈675
Weighted Average Price 贈1 270 贈560
19. Best case Scenario:
International real estate
brokerage market leader
providing homes in worlds
largest and most desired cities.
19
Expected Outcomes
Revenue: 贈15 bn +
20. Pavel Hilman
Founder
With urbanization and
scalability of digital tech,
charging 1% from the whole
global residential property
market becomes possible
overtime
20
21. 21
Realistic scenario
贈25 MLN REVENUE
Worst case scenario
贈12-13 MLN REVENUE
Potential Outcomes
10% of Rightmove and
Zoopla audience with UK
as main and Europe as
secondary market.
Remain as UK based
service with a small
share of market (5%)
23. 23
Progress to the date & traction
WEB SITEANDAPP
FULLY DEVELOPEDAND
TESTED
FRANCHISE
IN ITALYAND
ISRAEL
TM REGISTERED
IN EUAND UK
PATENT
PENDING
25 EMPLOYEES,
4 OFFICES
TRACTION
GRAPHS
Over 1000 listings
added during 1
month
24. Traction forecast by
Market share of Ready Estate in London, %
24
0,00%
0,50%
1,00%
1,50%
2,00%
2,50%
3,00%
3,50%
4,00%
2019
2020
2021
2022
2023
0,23%
0,79%
1,34%
2,25%
3,80%
0,23%
0,70%
1,22%
2,14%
3,76%
0,00%
0,00% 0,20% 0,35% 0,60%
Home sales Long term housing rental Short term housing rental
25. 25
Airbnb and booking.com
competitor
Hotel type services:
bath and hygiene amenities;
API Integration with other
hospitality location services;
API integration: utility
providers, Smart home,
big data analysis +
customer centric AI
Partnerships with local
property developers and
investors for short-term
home rentals
Whats next?
SHORT-TERM
RENTALS
ON-DEMAND
HOSPITALITY
AUTOMATED
FRANCHISE