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Hi, founder here. Feedback noted and I'll try to explain the concept a bit better. In London, which is where I am, if you rent a flat as a company - which a lot
by faisalkhalid80 10y ago
Hi, founder here. Feedback noted and I'll try to explain the concept a bit better. In London, which is where I am, if you rent a flat as a company - which a lot of international companies do, for their employees - you get treated really well by letting agents + landlords. As a corporate renter you generally don't have to pay a security deposit; you get favourable contractual terms; and you only need to provide your financial and other documents once. All in all it's much easier and better to rent as a corporate vs renting as an individual. So there is an arbitrage opportunity. We enable individuals to capture this arbitrage opportunity. We provide the 'company' which rents the flat - whichever flat you want - for you.
- beager 10y agoThanks for that. I understand the idea now. I hope you'll be able to convey it as well on your site and through your marketing. I would also not shy away from marketing the business as narrowly-focused on London, if that's where you are, and if that's where the prevalence of the dynamic you mentioned is greatest. Because looking at it, I feel like it could help me rent a place in NYC, Nebraska, Jakarta, or New Zealand. If Londoners are likely to comprehend the concept anyway, it would only help to be specific about your geographic focus.
- lxe 10y agoThis is a much better explanation of what this service is compared to anything on the website.
- laurent123456 10y agoI still don't quite get how it will work. First in the UK it takes 10 minutes to create a new company, yet I doubt that agents and landlords would not require a deposit from such a company - maybe it needs to have a certain size, number of employees and have been around for several years. Also if the renters don't have to pay a deposit, isn't it likely that some (maybe many) tenants will move out of the flat without even telling you (not to mention taking the TV and other valuable stuff with them)? Finally £99 per month after a year is more than a deposit, except renters have no way to get back this money. I don't mean to criticise but I honestly don't understand how it can work.