
SAAS PLATFORM TO HELP LANDLORDS CHOOSE THEIR NEXT TENANTS
Business opportunities amid changes in the law for renting residential properties in Germany.
Business opportunities amid changes in the law for renting residential properties in Germany.
Before 2015, people looking for apartments to rent in Germany had to pay the real estate agent a fee and commission when renting a residential property. On the 1st of June of 2015, a new law entered into effect, stating that the fee and commission had to be paid by the person hiring the service, either the tenant or the landlord.
For real estate agents, the new law presented a challenge: persuading property owners that they could provide a better quality service than if the landlords would try renting the apartments themselves.
As soon as the new law was announced, it was clear that a market opportunity was created for those who could capitalize on it. The first questions were evident: What can be done to help landlords take the search for tenants into their own hands? Would they pay for such a solution?
A cloud-Saas that facilitates fast and efficient screening, through the use of a ranking/recommendation system. The system would recommend to the landlord the best potential tenants to rent an object based on their score. The score is acquired by the potential tenants depending on the amount of personal information (financial, recommendations, bank statements…) that the potential tenant is willing to disclose. Typically a score would be based on values ranging from 0 to 10.