Rent a good new recruit owner: prepaid one year rent
In recent years, high residential property prices have driven the stable development of the residential rental market, and from time to time there have been cases where tenants have paid for one year to rent a flat. RentSmart, a local startup, looks for business opportunities and has set up a rental management company with a total investment of more than 100 million yuan. In addition to providing rental management services, it has also introduced a unique rental pre-receiving service for the whole bank, allowing owners to make a pre-emptive Charge up to one year’s rent. Renting a good founder Qu Yuming hopes that the company’s market penetration rate will reach 5% in the next two or three years.
After seventy years, Qu Yuming, a former lawyer and a financial industry, decided to set up a rental management company to rent a good house this year. It was due to the fact that in recent years, he paid attention to real estate news and found that many mainland families or students once Pay a one-year rent to attract the owner to rent the unit. However, the owners benefiting from this batch are only a minority. If there is no such source, the owners will not be able to benefit. “But there is a demand in the market,” so he set up a company to collect rents and manage rentals on behalf of the owners. In addition, it is possible to prepay 6 to 12 months of rent to the owner in a 10% discount.
Qu Yuming said that the owner should choose a 10% discount on the rent. The rent must be a residential unit with a seal. The death period is at least 6 months or more. The owner can pre-collect the full rent according to the remaining period of the death contract. Fortunately, 10% of the rent will be charged.
Package collection, repair, screening, renter
During the tenancy period, the company will provide all the rental matters for the owners, including rent-seeking, repossession and maintenance follow-up. The company also has a plan to screen and handle the “tenancy”. All services can be handled by mobile apps. Qu Yuming pointed out that providing the owner’s pre-collection service is a reference to the “accounts receivable financing” provided by the bank for commercial enterprises. The nature is that the accounts receivable are discounted, so that the owners can increase the cash flow, which is not a loan. Qu Yuming indicated that the provision of rent prepayment service is unique to the whole bank. At present, one third of the customers use it, mostly younger “double renters” under the age of 40, that is, rent out their own units and use rent to Subsidize the expenses of renting your own flats to achieve more liquidity for emergency needs.
Management fee 3% lower than peers
If the landlord does not need to receive the rent in advance and chooses the rental management plan, he only has to pay a monthly rent of 3%, which is slightly lower than the current rental management fee of 4% to 6% provided by the property management company and the bank. Qu Yuming admits that there are not many owners who use rental management, mainly because they are not used in Hong Kong for a long time. The company charges lower fees. In addition to hoping to attract such owners, it also hopes to stimulate other owners to adopt the company’s services.
Qu Yuming said that at present, property prices are high. “(Citizens) can hardly afford to buy flats. (Owners) are also difficult to change buildings. This situation is more favorable to the rental market.” It took a year from conception to establishment of the company. In time, I finally cooperated with the fund to successfully organize 9 digital funds for operation. The target is to “serve 5% of every 100 renters and owners in two or three years.”
Since the operation mode is more innovative, since the establishment of the company, the potential customers of the company have been mostly “young” owners aged 30 to 40, and they hope to expand to the tenants or mainland owners who hold more properties. Long-term development is to seek cooperation with real estate agents to open up the road.