Rently
About Rently
Rently is a property management platform that utilizes real-time data insights and digital identity verification through Singpass to streamline the rental process for landlords and tenants. It addresses the challenges of security deposits by offering a deposit-free rental service, ensuring timely payments and comprehensive tenant vetting while providing complimentary insurance for both parties.
<problem> Traditional rental processes in Singapore involve substantial upfront security deposits, creating a financial burden for tenants. Landlords face challenges in tenant vetting and securing timely rental payments, while both parties are exposed to potential disputes regarding property conditions and deposit refunds. </problem> <solution> Rently is a property management platform that streamlines the rental experience by offering deposit-free renting options and digital solutions for landlords and tenants. The platform addresses the financial strain of security deposits by providing a deposit-free service where Rently covers the deposit, and tenants pay a monthly service fee. Rently also offers comprehensive tenant vetting, automated contract generation using Council for Estate Agencies (CEA) templates, and a dispute resolution service to ensure fair deposit handling. Additionally, both landlords and tenants benefit from complimentary home insurance, providing added security and peace of mind. </solution> <features> - Deposit-free renting service, eliminating the need for large upfront security deposits - Tenant vetting with ID or Singpass verification, AML checks, and credit score checks - Automated contract generation using standardized templates from the Council for Estate Agencies (CEA) - Complimentary home insurance for both tenants and landlords underwritten by Chubb - Digital inventory management to document property conditions and prevent disputes - Dispute resolution services to mediate disagreements between tenants and landlords - Property listing and management tools for landlords, including rent collection and tenant screening - Mobile app for tenants to manage their rental agreements, report defects, and track payments </features> <target_audience> Rently targets tenants in Singapore seeking to avoid upfront security deposits and landlords looking for efficient tenant vetting, automated contract management, and secure rental payments. The platform also caters to property agents seeking to list properties and manage contracts digitally. </target_audience> <revenue_model> Rently generates revenue through monthly service fees paid by tenants who subscribe to the deposit-free renting service (Rently Care). </revenue_model>
What does Rently do?
Rently is a property management platform that utilizes real-time data insights and digital identity verification through Singpass to streamline the rental process for landlords and tenants. It addresses the challenges of security deposits by offering a deposit-free rental service, ensuring timely payments and comprehensive tenant vetting while providing complimentary insurance for both parties.
Where is Rently located?
Rently is based in Stockholm, Sweden.
When was Rently founded?
Rently was founded in 2022.
- Location
- Stockholm, Sweden
- Founded
- 2022
- Employees
- 28 employees