Have you ever heard of E-bay? Yes, the auctioning platform that always seems to be 10 steps behind Amazon.
What if you had E-bay but for apartments? What if you needed to bid for your apartment and compete for it?
Well…that is precisely the dream Rentberry has to offer. Before all skeptics start climbing in shouting how that will pump up rental prices, please hear me out.
Rentberry is an ICO that wants to change the way people rent apartments/homes, but for the better. If you have ever lived in a crowded city before (San Francisco, New York etc) you know how tough it is to get an apartment at a rate you can afford. So why is Rentberry a good thing?
Well, because as you may remember from your rental experience, there are a ton of under the table bidding wars taking place. If you think people aren’t currently bidding for their apartments, then you either don’t live in a populated city (like Chicago) or are misinformed. The truth is, Rentberry is only bringing transparency to an already existing situation. Bidding already takes place, and one one knows exactly how much people are overpaying for an apartment. So what if all that information was out in the open? What if your competing tenants knew precisely how much you were willing to pay for the apartment? Then you wouldn’t have to hike your proposed rate an extra $400 but maybe save $200.
In any way, with Rentberry will be clarity. But wait…there’s more! Tenants will be able to fill in applications and sign contracts online and also make payments online. We are talking about all bureaucracy in one decentralized platform. And what’s the currency to be used? The BERRY coin. In the future, they are looking to allow landlords to have maintenance on the property by hiring companies from the platform, allow tenants to pay their utility bills through the platform and so much more.