Real-Estate Tech: Help with Landlord/Tenant Screening

[Desmend Jetton]

Happy Holidays BP Family,

I'm working on my final graduation project at Illinois Tech focused on Web API/App development and I need you all's help. 

Problem: From podcasts, articles, and forums, it seems the biggest liability and risk being a landlord is having the right tenant. Perfect tenants:

1. Pay rent on time, in full, consistently. 

2. Keep your property in good shape.

3. Good neighbors.

4. They pay rent on time, in full, consistently!! :)

Solution: Using machine learning from rental application data sets, our platform would provide curated lists of most capable tenants for your property type based on the history of rental payments and a number of maintenance/ police calls in the past.  The incentive for the tenant would be they use ONE rental application, and instead of paying $35 for an application fee for each property, they would pay $7 a month to apply about 20-30 properties a month. The algorithm gets stronger the more they apply to properties they like. 

When they find the right place, the $7 will transition to rental insurance. 

My classmates and I need help with:

1. Other pain-points landlords have with the tenant-property vacancy.

2. Would a landlord pay for this service, if so, how much?

3. Any factors that you've empirically seen that leads to great long-term tenancy. 

Thanks a ton! We will open up BETA testing next semester.