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Moonrock Reg CF (Funded on Miventure)

Raised to Date: 
$8,250
80 Prop Tech Investors

Min goal
$4,000
Stretch goal
$60,000
Invest Now
 Funded
ID: 
MV-MOONROCK
Exemption: 
REG-CF
Accredited Only: 
No
Reviewed Financials: 
No
Issue Type: 
SAFE
Minimum Investment: 
$25
Target Goal: 
$60,000
Minimum Goal: 
$4,000
Suggested Investment: 
$500
Additional Investments: 
$25
Maximum Goal: 
$60,000
Raise Start Date: 
Thursday, July 1, 2021
Raise End Date: 
Saturday, December 31, 2022
Raise Target Date: 
Tuesday, August 31, 2021
Subscription Agreement: 

What We Do

Moonrock is a mobile property management app for do-it yourself (“DIY”) landlords. Landlords will have the ability to see a list of their properties, receive rent payments, and work orders. The tenants will be able to submit work orders, pay their rent, and send a direct message to the landlord to voice any concerns about the property.

One of our favorite features of Moonrock is that it allows the maintenance worker/vendor of the landlord’s choosing to see and respond to the work orders so they can respond in real time. Plus, the maintenance worker can also request payments from the landlord once the job is complete.

Moonrock is a mobile one-stop shop for all landlord-tenant relationship needs.

Accelerator-backed startup at Delta I-Fund.

Highlights

Incorporated on 6/3/2019

Given a $1000 grant by the I-CORPS program at Louisiana State University (LSU)

Given $5,000 grant from the Delta I-Fund

Completed wireframes, next step is development

De'Shon Swafford

Cofounder

De'Shon got his bachelor's degree in Electronic Engineering Tech from Grambling State University (GSU). He also interned for NASA Marshall Space Flight Center where he did electrical work for the robotics team. He went on to get his master’s degree in Material Science & Engineering from Southern University. He also did an internship for Homeland Security while in grad school. He is currently working for Nextera Energy FPL as an engineer in Power Delivery while working on the Moonrock App.

 

Monroe Willis

Cofounder

Monroe is a Cofounder of Moonrock Property Management. Monroe received his bachelor's degree in Electronic Engineering Tech from Grambling State University. While at GSU, he did an internship for Walt Disney World. He went on to get his master’s degree in Material Science & Engineering from Southern University. He interned with NASA at Langley Research Center while he was in grad school. After grad school, he took a full time job at NASA where he is currently working at Kennedy Space Center as a Material Engineer. When he’s not sending people to space, he is working on the Moonrock App.

Meet Monroe Willis & Deshon Swafford, the founders of Moonrock

What inspired you to create your company? 

We worked as maintenance workers at our apartment complex during grad school. We saw the ins and outs of how majority property management companies work and saw ways for improvement.

What has been your favorite part about building your company?

Our favorite part is seeing something that was just an idea actually turning into something tangible. We started with an idea, developed a plan and executed on our goals. Now we are in the process of seeing everything come into reality.

What has been your biggest obstacle so far?  

Our biggest obstacle so far is raising money. We have tried many ways to raise money. We aren’t big enough for VCs and our family background isn’t financial enough to help us get started.

Why should people invest in your company?

By using MoonRock we are creating a platform that will be user friendly for DIY landlords. It’s designed with the intention to help the DIY landlords manage their properties. We saw a simple solution while working as maintenance workers that will help minimize the time and headaches when it comes to managing properties.

How We Make Money

Our product and services will be free to download. We are making things simple and cost-efficient for our customers. We will make money by taking a small percentage of the transactions used to pay rent and for maintenance tasks all within the platform. The transaction fee will be 1.5%.

Market

We are focusing on the DIY Landlords that operate their properties themselves. Some of these landlords live in rural areas and don't have the tools needed to manage their properties. Most landlords are not trying to pay the monthly fee that these other companies are charging. Therefore we are making a software specific for these landlords that will be simple to use and cost efficient.

Competitors

A few of our competitors are yardi, entrata, truerent and many more. What makes us different from others is our target market. Most of these companies are targeting commercial properties and large apartment complexes. We are focusing on the DIY Landlords that operate their properties themselves. Some of these landlords live in rural areas and dont have the tools needed to manage their properties. Most landlords are not trying to pay the monthly fee that these other companies are charging. Therefore we are making a software specific for these landlords that will be simple to use and cost efficient.

Financial History

  • Total outside investors contribution: $0
  • Total founder(s) contribution: $2,500
  • Total existing debt amount: $0
  • Total revenue to date: $2,158
  • Total cash on hand: $2,158