RentPay also can make $ from the renters if they decided to use it as a buffer fund to pay the rental. Service fee. Delay rental for a month, pay a few $ (example, not the actual number) for that, I reckon it's a win-win deal.
Considering the massive scale of the renters market, it's huge.
I downloaded the Rent.com.au app and used it, I just love it! The concept is simple: you create a renter resume (the stuff you need to fill anyway for applying a rental property) with a few minutes of typing or pasting, save them in the system, reuse it every time you apply a new rental property.
They even allow you to attach your renter resume when you send an inquiry to an agent! Brilliant!
Another amazing feature is RentCheck: you can pay $25 to check your name against the Equifax National Tenancy Database, and add that result into your renter resume, it will greatly increase the success rate of your application.
They are creating an end-to-end experience for both renters and agents, this is the DISRUPTIVE idea that can be applied into the rental market everywhere in the world if they want to do that in the future!
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