At present, there are over 2 billion people living in long-term rentals and 59% of new households to be formed by 2030 will be renting homes instead of buying them. The generation of ‘millennials’ have a trend of believing in “NO HODLS BARRED”, i.e Owning least and renting out most. Rentberry aims to leverage this trend.
The notion Rentberry is convinced with is the fact that long-term rental space is the next industry to be disrupted by technologies, and their entire team believes that Blockchain and Smart Contracts are the inherent part of the upcoming innovation.
Smart Contracts created using Rentberry platform will be written in 'Ethereum solidity' to drive accounting when it comes to agreements creation along with embedding digital signing mechanism.
Moreover, tenants freeze millions of dollars in rental security deposits, and most of which fails to get recollected at the upon rental agreements expiry, for various reasons.
It is estimated that roughly $500bn are frozen in rental deposits at the moment. Rentberry plans on changing this experience considering the hassle and inconvenience attached to it in form of locked funds, that can't be utilized and may benefit only landlords and property agents at the moment.
Rentberry’s primary objective is to help property owners and tenants enjoy a fully decentralized rental experience that includes an open and transparent application process.
This should convince most of us that the world needs Rentberry. Unfortunately, global housing rental practices still include listings in the form of simple online classified ads which provide a very limited rental experience. This is also about to change, where Rentberry slogan goes on chanting “Say goodbye to paper cheques” and infact use Rentberry to schedule your next rental payment.
Rentberry is not just another idealist startup, as they have a PROVEN record of accomplishment with 224K properties in almost 5,000 cities and 120k+ users as we speak. Their plan is to eliminate the need for a middleman, hence making it possible for tenants and landlords to complete all rental tasks in one place.
Moreover, prior to its token sale, Rentberry had already successfully raised $4M in seed funding from high-profile investors and VC funds from 11 countries and is now in the process of finalizing its first token sale that beings 28 Feb 2018.
Investors can contribute to Rentberry's ICO on Cryptonomos!
Rentberry in a nutshell
Rentberry Website
Rentberry WhitePaper
Author's Bitcoin Talk Profile: Raheal.akh