Lack of organization is one of the biggest problems when it comes to starting a rental process. It is usually due to the owners or the real estate company.
The owners still need to sign a series of documents by hand, fill out forms and pay monthly rent payments by cash, either in checks or in bank deposits. The results of that are summarized to a rental system that really hinders the whole experience of renting a property.
Rentberry is a solution to this problem, the application is a platform that aims to improve what is the rental experience in order to promise a process of transparency and organization. For now, it has proven to have a fairly faithful range of clients. At the moment it has a total of 120,000 users, and a list of 224,000 properties in its portfolio.
The portal is still in the development phase, as some details are still missing to guarantee a completely decentralized payment platform that benefits both the owners and the tenants.
How does Rentberry work?
The platform works using Blockchain technology as a tool that allows users to connect directly with each other, thus saving the task of having to deal with third parties such as cooperatives, agents or brokers. The owners can coordinate all their strategies directly with the tenants.
Likewise Rentberry will introduce an evaluation system designed in an algorithm that includes all parties involved in the process of a rental. The scores are responsible for measuring the assessments that the tenants have on the owners and vice versa. Owners' qualifications are determined by a series of criteria, including market price, payment histories and other information of a public nature, while in the case of tenants, they will be evaluated based on their credit history. bankruptcy records of owning them.
This evaluation methodology truly creates a competitive market in the real estate industry, not to mention that it designs a transparent atmosphere where the evaluation metrics are equitable.
The goal of this project is to ensure that the platform is based on Blockchain technology, this includes everything that is the initial applications, data collection, and payment processes. Likewise, Rentberry expects to soon introduce its own currencies through the BERRY tokens, which will become the uniform payment system of the portal /
The success of Rentberry has been demonstrated thanks to the operation of the portal. but also because they managed to receive 4 million dollars to finance the project, and in this way continue to develop the platform and incorporate Blockchain to the rest of its features. The next step of Rentberry is to launch its own ICO, whose presale would start tomorrow, to follow with the official launch in January.