With an aim to strengthen its core business and serve the needs of the builders, realty start-up Rentprop4u [earlier coverage here] has announced the launch of the bulk homes business vertical. Named ‘Happy Homes’, the vertical will strive to serve builders and property owners by taking care of the entire building or multiple buildings right from renting them out to managing the properties.
With this initiative, Rentprop4u aims to resolve some of the common hassles faced by property owners and builders with regard to renting. A major concern of owners while letting out a property is to find the ideal tenant. From finding the right tenant and performing a complete background check to offering assured rentals and managing the property, Happy Homes offers full-service rental and property management for owners.
Ravi M, Co-founder, Rentprop4u, said
Builders or owners of multiple units are usually bogged down with numerous problems that accompany property ownership such as rent collection, building repairs and others. We believe that a number of owners will be happy to handover these chores if they find someone trustworthy. Our objective is to take the worry out of renting out homes. Our Happy Homes vertical hopes to make the lives of builders and owners easier by taking on those responsibilities.
With the addition of the new vertical, Rentprop4u plans to acquire 1,000 units in bulk properties by the end of the year. By investing in bulk inventory, we see good returns. Additionally, managing bulk properties is more profitable because of the common use of resources.
As for tenants, Happy Homes will take on all the responsibilities right from offering an EMI facility for the security deposit to setting up gas, internet and telephone connections, furniture, waste management, housekeeping and 24/7 security in addition to minimum paper work and maintenance. Owners can now heave a sigh of relief knowing that Rentprop4u can take care of everything from paper work and rent collection to maintenance.
Launched in 2016 with the vision of taking all the worry of owning and renting a home, Rentprop4u has 520 plus registered properties across Bengaluru. The company aims to expand to other parts of city and South Indian states over the next year.
About Rentprop4u
Rentprop4u is a Bengaluru-based realty start-up offering property management and rental solutions to owners and tenants. Established in 2016, Rentprop4u currently has 1,100 plus registered users and more than 650 happy customers.
The company offers an end-to-end online rental solution for tenants to find suitable properties at zero brokerage with minimal paperwork, while owners can make use of Rentprop4u’s services to manage their properties and maximize their rental income.