Are rent guarantee schemes worth it?
It also handles all algorithmic pricing, advertising, tenant interviews, repairs, maintenance, leases, and online payments in exchange for 8% of the rent. Property owners and property managers can also put up with wholesale rental marketplaces. The owners just sit back and get the money, which makes it much easier to profit from remote properties. Depending on how the contract is structured, the owner may also transfer more or less of the owner’s costs, maintenance, repairs and other responsibilities to the acquirer during the term of the contract.
From there, the startup performs the approved maintenance and cleaning, and then methodically lists the house on all top rental platforms.