u/AlphaHouston1

So I'm building a duplex/apartment tenant placement service:

• We give renters 20% cashback on the first month’s rent at lease signing.
• We charge landlords a 35% success fee of the first month’s rent when a tenant signs through our platform.
• We also want to pay licensed real estate agents a small referral fee (around 5%) for sending us qualified tenants.

I’m trying to understand the legal implications:

1. Does charging landlords a performance-based placement fee mean we (the company) need a Real Estate Broker license? Or can this be structured as marketing/lead gen to avoid it?
2. If we pay referral fees to other licensed agents, what disclosure requirements do we have to the tenant?
3. Are there any major red flags with this overall model?

We’re in the very early stages and want to do this 100% by the book.

Also, What type of attorney or counsel should I hire?

So I'm building a duplex/apartment tenant placement service:

• We give renters 20% cashback on the first month’s rent at lease signing.
• We charge landlords a 35% success fee of the first month’s rent when a tenant signs through our platform.
• We also want to pay licensed real estate agents a small referral fee (around 5%) for sending us qualified tenants.

I’m trying to understand the legal implications:

1. Does charging landlords a performance-based placement fee mean we (the company) need a Real Estate Broker license? Or can this be structured as marketing/lead gen to avoid it?
2. If we pay referral fees to other licensed agents, what disclosure requirements do we have to the tenant?
3. Are there any major red flags with this overall model?

We’re in the very early stages and want to do this 100% by the book.

Also, What type of attorney or counsel should I hire?

So I'm building a duplex/apartment tenant placement service:

• We give renters 20% cashback on the first month’s rent at lease signing.
• We charge landlords a 35% success fee of the first month’s rent when a tenant signs through our platform.
• We also want to pay licensed real estate agents a small referral fee (around 5%) for sending us qualified tenants.

I’m trying to understand the legal implications:

1. Does charging landlords a performance-based placement fee mean we (the company) need a Real Estate Broker license? Or can this be structured as marketing/lead gen to avoid it?
2. If we pay referral fees to other licensed agents, what disclosure requirements do we have to the tenant?
3. Are there any major red flags with this overall model?

We’re in the very early stages and want to do this 100% by the book.

Also, What type of attorney or counsel should I hire?

So I'm building a duplex/apartment tenant placement service:

• We give renters 20% cashback on the first month’s rent at lease signing.
• We charge landlords a 35% success fee of the first month’s rent when a tenant signs through our platform.
• We also want to pay licensed real estate agents a small referral fee (around 5%) for sending us qualified tenants.

I’m trying to understand the legal implications:

1. Does charging landlords a performance-based placement fee mean we (the company) need a Real Estate Broker license? Or can this be structured as marketing/lead gen to avoid it?
2. If we pay referral fees to other licensed agents, what disclosure requirements do we have to the tenant?
3. Are there any major red flags with this overall model?

We’re in the very early stages and want to do this 100% by the book.

Also, What type of attorney or counsel should I hire?

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

Came up with a model within my startup where we are helping to make rentals cheaper and more affordable, also a way for landlords to get qualified tenants within 48 hours!

We do their credit checks and background checks for free, and then we only charge 35% of the first month rent upon them signing.

And here's the cool part: we actually pay 20% of the tenants first month rent as a move in incentive to get them to sign with your property!

Landlords receive qualified, happily incentivized tenants for a fraction of the typical placement cost.

Tenants receive cheaper rent.

We are in a $2M seed round for 30% on our cap table, we are creating a more affordable rental landscape!

or my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

For my company, I’m working on a service that connects landlords with pre-screened, qualified renters faster than traditional methods and at a lower cost.

Renters apply through our platform and we run a full credit, background, and eviction check before they ever contact you.

When landlords see a renter you like, we give them 20% of their first months rent at lease signing to remove the financial friction that causes good tenants to delay or back out. We want to incentivize them to choose your property ASAP! Who doesn’t love cheaper rent!

For our work, landlords pay us just 35% of first month’s rent ($630 on an $1,800/month unit), split into two easy payments of $315 for two months.

That’s $270 less than a traditional placement service or agent, and your unit fills faster, and you only work with renters who’ve already been vetted. Bad tenants can be a pain, but so are vacancies, sr we need to fill them fast with quality.

I like our new direction of being cheaper than a RE agent , as they make things expensive! Thoughts?

We are in a $2M seed round and look to proceed soon

Hey everyone, quick questions if you are a landlord or property owner who does rentals!

My company RBIT Financial, is looking to work with a network of local real estate agents to deliver you pre-qualified tenants faster.

We also work to incentivize the prospective renter by paying 20% of their first month's rent on their behalf as a move in incentive. This pushes them to lease with you as we partner to incentive your stays, boosting their attractiveness.

If we were to give you a qualified renter who is also incentivized to pick up a lease term with your property, it would be fair to ask for 12% on the backend?

We are helping your vacancies lease-up faster and your properties dont sit idle with can kill your pocketbooks over time. Also, the process of finding the tenants, we bring them to you, and you don't have to worry about paying the real estate agent their finders commission, we handle that as well.

Hey everyone, quick questions if you are a landlord or property owner who does rentals!

My company RBIT Financial, is looking to work with a network of local real estate agents to deliver you pre-qualified tenants faster.

We also work to incentivize the prospective renter by paying 20% of their first month's rent on their behalf as a move in incentive. This pushes them to lease with you as we partner to incentive your stays, boosting their attractiveness.

If we were to give you a qualified renter who is also incentivized to pick up a lease term with your property, it would be fair to ask for 12% on the backend?

We are helping your vacancies lease-up faster and your properties dont sit idle with can kill your pocketbooks over time. Also, the process of finding the tenants, we bring them to you, and you don't have to worry about paying the real estate agent their finders commission, we handle that as well.