I have some experience with rental market in London — it’s very competitive. Best properties are not advertised on the market — they find tenants directly via “word of mouth”.
Then, once you find a property a referencing process starts. Some 3rd party company requires proof-of-income and loads of other bullshit paperwork.
Because I work as independent contractor — hiring myself to various technology companies I didn’t match their criteria and had to pay 12 months rent upfront plus deposit… That was freaking expensive.
Wish I could skip all of that and do everything directly, peer-to-peer in a fully decentralized manner. Change is happening, it’s almost there — welcome to RentBerry.
If you read the whitepaper you’ll see that similar problems motivated RentBerry founders — they are based in San Francisco, that also has totally broken rental market.
Existing business
We already have more than 120,000 users and 224,000 properties on our platform and have raised $4 million in funds from highly respected angel and institutional investors.
Wish I had more time and energy to verify these claims. Traditional investors go through full “due diligence” process and have a chance to speak with the founders.
ICO investors like you and me are less sophisticated — we throw some ETH hoping for…
(full disclosure — I do this for profit — I don’t need the tokens now to use the platform — I own the tokens with the intention they will be more valuable in the future)
Auction
The Auctioning Technology’s core purpose is to ensure that landlords price their properties optimally in both hot and slow markets, while potential tenants are a orded complete visibility on competing orders and ordered the ability to seamlessly negotiate rental terms online.
Scoring system
On the Rentberry platform, all information on tenants and landlords will be recorded on smart contracts and used by a smart oracle to calculate the proprietary tenant and landlord scores.
Crowdsourced Security Deposit Coverage
That is interesting — other people can cover my deposit and yield some profit.
Highest bidder?
My gut feeling that landlord will simply choose the highest bidder. With similar score and other parameters the money component is likely to be a dealbreaker.
Attention to detail
- Quality pictures of the team.
- Existing investors.
- Existing partnerships.
- Quality design of the whitepaper.
Token economics
If the rent and fees are paid in BERRY — what if the landlords will HODL? That could spike the price, that’s the aspect of the whitepaper I need to understand better
DYOR
Simple, easy, obvious — and yet I’ll always repeat — do your own research.
Handy links
- https://rentberry.com/
- https://rentberry.cryptonomos.com/
- Bounty: https://bitcointalk.org/index.php?topic=2573384.0
- My ETH address: 0x85A363699C6864248a6FfCA66e4a1A5cCf9f5567
