Rentberry is a decentralized rental firm that unites landlords and tenants at one platform with means of blockchain technology. With the well-established business since 2015, this online marketplace facilitates the organized listing of the properties by landlords and prospective bidding by the renters on such listing.
The network streamlines the process of a rental industry by placing the history of tenant’s credit scores in front of the landlords and property details in front of tenants.
The platform expands its service almost 120 thousand active users across 1000 cities of US including New York, Miami, and Los Angeles and other countries like England, Germany, Canada, China and more. Furthermore, the company intends to widen its service across Europe and Asia by 2019.
Rentberry allows the landlord to list their properties with basic information such as a brief description of the property, its price, and photos.
Tenants under this platform will submit their credit score with their complete background, photo, social media links and the custom offer on the apartment.
Based on the existing listing, tenants will select the preferred property from the pool. On contrary, landlord will have the best bidders to select highest-paying tenants
Its blockchain based property auctioning technology will benefit both tenants and landlords and balance the demand and supply chain.
The platform is built with an easier interface and encrypted with SSL certificate that securely stores all the documents and payments made on Rentberry. To ensure all the documents are placed securely, Rentberry has partnered with Hellosign which facilitate safe storage of the credentials.
Conclusively, the Rentberry platform will bring transparency towards the rental market and allow tenants to browse affordable flat listing to bid on.
Tenants have the most eventual online application screening process which can be filled within a few clicks. They can also invite their friends to apply for the same property and can attach required financial documents and background report to better deserve the best property available.
Rentberry reduces traditional frustration by enabling tenants to pay rent online. Particularly, it connects their bank account through ACH technology wherein payments can be processed instantly and safely.
Users can also share the whole rent amount with their roommates using Rentberry's split payment feature.
The auctioning protocol of Rentberry for landlords work in following ways
Add a listing: A simple form is provided for landlords to create a listing of their property with basic info.
Organize the vacancy: Following the listing, landlords can reach millions of renters with listing syndication.
Get best Tenants: Find the quality tenants based on their credit score and background information.
ICO specification of Rentberry – Intent to rationalize long-term rental process
Token Tag: BERRY
Hard Cap: 30,000,000 USD
Soft Cap: 3, 000,000 USD
Payment accepted: BTC, ETH
Pre-ICO sale: December 5, 2017- January 26, 2018
ICO sale: January 26, 2018 - February 28, 2018
Community users are encouraged to participate in Rentberry’s bounty campaign.
Rentberry is partnered with cryptonomos to complete its initial crowdfunding process.
More details about token sale is available here: https://ico.rentberry.com/
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.