Here Is How Technology Has Changed the Rental Market for Renters

Technology is constantly improving our lives. Hailing a cab, watching a film, ordering food, or starting a relationship, is easier than ever before. Technology has also changed the rental market. The process of locating a rental home is now faster and less frustrating.

In the not too distant past, if you were looking for a rental property, you’d rely on old-fashioned methods such as newspaper classifieds, tips from friends, and meetings with local apartment superintendents. Alternatively, you could have used the services of a real estate agent, but such professionals can charge hefty fees that discourage both renters and rental property owners. Moreover, some real estate agents juggle too many accounts and are more interested in collecting their cut than serving the individual needs of their clients.

Fortunately, online rental marketplaces have made many of these conventional options obsolete. With each marketplace hosting many classifieds, you can browse through several listings in a single sitting, covering more ground in a day than you would by using traditional methods.

Of course, not all marketplaces are made equal. Older platforms boast many listings but feature outdated user interface (UI) designs. Aside from being challenging to use, these marketplaces also lack features and facilities because they haven’t been modernized since their inception.

Thankfully, newer platforms are helping the rental marketplace evolve further. For instance, is making waves with its beautiful and intuitive UI, bustling marketplace, and a commitment to match good renters with good rental properties.

Unlike other marketplaces, their listings feature dozens of pertinent details, including lighting, spaciousness, privacy, noisiness, the age of the building, and amenities such as a washer, dryer, dishwasher, air conditioning, heating, parking, storage, accessibility, security, recreational facilities, and more.

Also, on the platform, each listing can be found on the map near important facilities, such as parks, schools, and entertainment venues. What’s more, listings feature high-quality photographs, which help you envision the living space.

These details reduce your need to contact the rental property owner with questions, saving you time and patience. They also help you locate your ideal rental home faster. Once you like a place, you can use the platform to arrange a viewing. And if there are multiple potential renters competing for the property, you can personalize your application to improve your candidacy.

Technology can also help you complete a transaction more easily. Using multiple online services, you can quickly provide the rental property owner with references, credit reports, employment letters, and more.

If you come to an agreement, you can sign a lease digitally instead of relying on paperwork. Digital lease signing is simple and quick. It can be done on a computer or a smartphone without the need for special hardware or software. Should you need a physical copy, you can always print the signed documents.

Some renters don’t have cheques because cheque books can be expensive, while others avoid them because they can get lost in the mail. Such individuals can use technology to pay rent in a timely fashion. Some rental platforms even offer rent collection.

Certainly, these technological advancements have revolutionized the rental market. Hearteningly, the platforms leading the charge are accessible to anyone with access to a smartphone, tablet, or a computer. That’s good news for renters and rental property owners alike.