Rentberry provides full-service property management. The company automates all common rental tasks for both property owners and tenants, such as submitting applications, performing credit checks, scheduling tours, creating custom offers, electronic signing of rental agreements, and submitting maintenance requests.
The company differentiates itself by providing rental auctions where prospective tenants can bid around the landlords’ rental prices. The company also stated that it is the only platform that provides high information transparency between landlords and renters, resulting in properties being rented at fair market prices (low-risk tenants pay lower prices and vice versa). As of October 2022, The platform had over 8 million users and features 24 million properties across 137,000 locations.
Funding and financials
In October 2022, RentBerry raised USD 12.4 million in crowdfunding through StartEngine. The company planned to use the funds raised to support its expansion plans and broaden its product offerings with the development of a flexible living concept that includes fully furnished long-term rental properties targeted at work-from-home millennials and digital nomads.
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