HouseME, a disruptive property technology company which launched in 2016 and quickly began making waves in the residential property market, has launched a new product called DepositFREE™. This is great news for South Africans, as the unique product will enable tenants to lease a residential property without paying an upfront deposit.
It’s a first for South Africa and understandable the market is pretty excited about it.
HouseME co-founder and CEO, Ben Shaw, says: “The reality is that South Africans are under increasing economic pressure and oftentimes great tenants simply are not liquid enough to put together the security deposit as well as the first month’s rent.”
The company has been working on DepositFREETM for a few months. Chief Operating Officer Lorne Hallendorff explains: “Given the impact the current economic climate has on tenant purchasing power and vacancy rates across South Africa, HouseME built DepositFREE™ to ease the burden for tenants and, of course, to continue helping landlords fill properties rather than lament their lost rental.”
You can read more about this unique product in this article here.
HouseME takes out the hassle, cost and risk out of managing long-term rentals. HouseME offers an ultra-modern journey for both the landlord and the tenant with the obvious benefits of helping landlords find tenants faster, and at a fair price. For landlords, it charges a mere 2.5% of rental to advertise a property, coordinate viewings, vet tenants, hold the deposit and lease, and collect rent. A quarter-year Rental Guarantee is also available for an additional 1%. HouseME’s transparent and digital PlaceME® tool ensures that landlords get the best price and tenants don’t face any discrimination.