Hello entrepreneurs,
I have recently been trying to read up on as many entrepreneurship resources as possible. What I realized was that I was always trying to come up with a complicated and sophisticated solution instead of a simple and effective one. This also led me down the path of trying to create a solution without focusing on the initial problem which sometimes might not even be there.
After adjusting my approach, I have now come up with a solution that might solve a problem. Therefore, I am writing this post to get your opinion and feedback. After all it might not be really a problem.
What I am trying to build is a simple way of communicating an apartment's environment (vibes). Let me give you an example of a problem I personally faced. Just a couple of months ago I decided to move to New Haven, CT. As part of the moving process, I started looking for potential apartments in the area which was quite easy. A quick google search provided plenty of apartments which could be viewed on Zillow. After filtering out the apartments that interested me, I then went on some other platforms such as reddit and google to see the reviews about the complex in general. This was useful but not as easy, but it still can't be classified as a problem. Finally, after all this research I went to view this apartment that I like in person. I like the apartment and made sure to visit it in the day and at night too.
Fast forward a couple of weeks and this is where the problems start to show. For some random reason, on random days and hours I would hear very loud and annoying motorcycle noise coming from the street. Fortunately, I have some tolerance for loud noise so it didn't really ruin the apartment for me. The point is I really could not figure this out before renting even if I went to the place everyday unless it was a coincidence.
What I am thinking is what if I build a platform that shows what really happens daily in and around apartment complexes. The way it works is the user looking for an apartment searches the address and finds resources about it from other users that have lived in it. I imagine the search algorithm to be similar to that of upwork where packages are sorted depending on the seller's reputation and reviews. An explanation of the package shows what information will be provided. For example, videos of the street infront of the apartment and videos inside the complex plus the pros and cons.
It's really not something new. Some of the information can be found online but its scattered. I used to find most of the information on reddit but it wasn't really up to date and using the search bar in reddit communities is sometimes frustrating. I also have to mention that what inspired me too was seeing my international friends struggle to find the right apartment due to not knowing if the landlord is legit (facebook groups) and not being able to imagine the place as they can't just visit it since they live overseas.
My target audience is mostly people that are moving to new cities especially from far places. Therefore I will probably use facebook groups to validate my idea further. I wanted to get feedback from you guys first. Please let me know your thoughts ?
I also forgot to mention the monetization part. I think its too early to be thinking about it, but one of the ideas is allowing apartment owners to post "packages" of their apartments for a small fee. A renter might also be able to sell a package to a potential renter that is looking to rent at the same place or street.
Hey, this is more of a side note, I also just moved to CT near Hartford. I'm looking for local indie hacker communities here, if you have found any or want to gather some folks, let me know!
But videos do not solve noise problem, yes? The problem can be solved, if to find the way to reward investigators, who job will be describe apartments inside-outside, talk to its people and post final review. On my opinion, service where such detectives can earn is what will work.
Thank you for your feedback. Well I agree it doesn’t solve the noise problem, but the aim is not solve noise since that is out of most people’s hands. I think that is the county’s problem. My aim is to inform people of that noise. Also, it doesn’t have to a bad thing. For example, having a package room is a nice thing to have in a complex that could be added in as a picture on the platform to show potential renters. As for the investigators, I agree with you and that is what I was thinking, but instead of having random investigators just show up and take pictures the investigations will be uploaded by actual renters. The way I envision it is that actual renters will upload a “package” with a description of the things they will provide (apartment pictures inside and outside, walkthrough, neighborhood walkthrough, pros and cons). After the package is uploaded it will show up when a potential renter searches either for that specific apartment or some nearby apartment. The packages will have ratings and therefore this will help the person decided what package most closely aligns with his options. In return, a fee will be paid to the person that uploaded that packages. I am still trying to figure out how to this, but for the moment I was thinking of doing something similar to upwork where the person selling the package decided on the price and I take a percentage of that. I am open to any other suggestions?
Why do you think renters would decrease value by claiming disadvantages?
Independent agents will do it for a reward.
I don’t. I just think its easier for renters to do it. Also, legally it makes more sense. “Investigators” won’t have access to the building and facilities .
Renters will always hide bads and show goods, so their posts will be anything except what your service want to offer.
Agents like detectives - will find their way to any corner. They do not need to enter a building - just do some surveys with its residents and make images on outsides.
Your idea of creating a platform to provide real-time insights into apartment environments is quite interesting and could solve a genuine problem for renters. It addresses the challenge of not being able to fully assess the living conditions before moving in.
Here's a brief review and feedback:
Pros:
Problem-Solving: Your platform addresses a common problem faced by renters, especially those relocating to new cities or countries.
User-Generated Content: Leveraging user-generated content for reviews and insights can make your platform dynamic and informative.
Monetization: Your monetization strategy seems reasonable, especially if apartment owners find value in promoting their properties.
Considerations:
Validation: Using Facebook groups for initial validation is a good idea. Make sure to gather feedback from potential users to refine your concept.
Content Moderation: Ensure there are mechanisms in place to verify the authenticity of reviews and content to maintain the platform's credibility.
Scalability: As you expand, consider how to scale the platform effectively to cover a broader range of locations and properties.
User Experience: Focus on providing a user-friendly interface and straightforward search functionality to make it easy for users to find the information they need.
Legal and Privacy: Be aware of potential legal and privacy issues related to capturing and sharing images and videos of apartment complexes. Ensure you have the necessary permissions.
Overall, your idea has potential, especially in today's digital age, where people rely on peer-generated content for decision-making. Keep refining it based on user feedback, and you could have a valuable tool for renters and property owners alike. Good luck with your venture!
Thank you very much! I am still in the process of deciding on a few things and mechanisms. For example, the monetisation part which I tried to explain above. Also, for the legal part I will have to do some research on that. I don’t think it would be a problem since I’ll probably be getting approvals from landlords as that will also help them rent their apartments. I was also thinking about verifying the landlords. For example, I’ve seen many landlords post on facebook and the problem they face is renters don’t trust sending them money right away as a deposit. So for someone like a medical student that is doing an elective (1-2 months) abroad they want to make sure they have an apartment before they arrive. I want to ensure the renter (student) that this landlord can be trusted and is verified on my platform. I’m still not sure how to implement that so any ideas are appreciated!
Videos of outside the complex may be fine, inside though would likely not be due to recording regulations.
Also, the premise of your app is to find problems. If you want to get adoption from apartment complex owners, you will need a positive way to explain your app and show them how they will benefit. That will likely be your source of income. Remember you need to solve a problem, and if you want to make reliable income that can run a business, you will need to solve a problem for someone that can pay.
Let me guess your future domain name ... www.feel-the-vibes.com ... before you buy come to this site :)
Pedro