Rentberry

RENTBERRY

This is a decentralized home rental platform which offers a fully operational and long term platform using block chain   and smart contract technology to ensure that the entire rental applications and contracts processes are completed quickly online. The technology used ensures seamless rental experience and allows for crowdsourcing to help the tenants freeze out the funds tied up in the rental security.

POSITIVE VALUES

Transparency: The platform creates a healthy rental environment in which all the prospective tenants can customize and negotiate their rental offers based on the competition and as a result rent different places at a fair market price.  The block chain ensures that any transaction between the tenants and the landlord are well recorded and can always be referred to in cases of any future dispute. This promotes smooth co –existence amongst them.

Faster: The project enables the landlord and tenants to complete their tasks online without involving the middlemen, agents or brokers hence ensuring faster and instant rent payment with a reduced costs making the project profitable.

Crowd sourced security deposits: The members of the rent berry community can cover a portion of rental security deposits in exchange of the rewards enabling them to make higher amounts from the deposit reducing the financial burden on the tenants making the project economical.

Uniform standards: Rent berry through the use of berry token allows for easy and direct payment .It application through the use smart contract technology and crypto currencies enables immigrants to conveniently live and work in all countries around the World.

NEGATIVE VALUES

The provisions by the technology can make the tenants to over freeze the rental deposit from the rental security yet there are no recognized insurance institutions or saving firms that can be protect quality renters. It further give the renters limited choices for investment which can prevent them from any further advancements.

RECOMMENDATIONS

The use of block chain technology in the real estate rental has projected several advancement worldwide owing to its application instead of the traditional methods  which were  much costy due to the existence of the  house agents. This makes the project viable in further ensuring that there is transparency through the use of smart contracts and tenants reward using the crowd source approach.

The long-term rental platforms market already has several successful projects, such as Aquilando and Spotahome. The latter one raised $13.6M in several stages, according to Crunchbase. The competition on the market is tight on a local level: there are both startups with existing solutions and existing customers (for example, OneRent in Bay Area, ErasmusInn in Europe) and old-fashioned players (rental agencies) here trying to capture the share.

They also plan to expand geographically in 2018. The expansion seems too fast and the compliance with local authorities’ risk has to be considered Rentberry’s roadmap for the next two years seems too general and could be more detailed. The large volume landlords will have incentives then to split their business on the platform to avoid fees and this risk for monetization has to be considered. The project is overvalued. Small investors could be under the risk. Previously, the company has already raised VC funds.

None of the core team members has previous experience in real estate market and this can slow down the expansion of the project. It is worth noting that the social media pages of Rentberry (Twitter, Facebook) seems to be pumped by subscribers with no activity.

AMLT brings a solid and viable concept backed by both a strong team and big-name partners. This makes it a highly competitive project, even if it has competition to face (There are other brands assisting companies in terms of regulatory compliance implementation. Those include Chainanalysis or Scorechain for instance).
Financial regulation is not something people in the crypto field have a unanimous agreement on (there is a kind of struggle between whether to centralize and regulate, or to maintain a higher level of independence when it comes to cryotocurrency), but all can agree that the requirements are only intensifying. As cryptocurrencies are moving beyond fields that are more isolated and into mainstream applications, platforms like AMLT could become a prerequisite for their wide acceptance and proper legislation.

The quite vigorously developing usual rental business receives more than $4 million as investments suddenly decides to go for an ICO service. Why besides just getting funds at the same time pulling up the blockchain.

Investing in this project may be considered as a standard investment option taking into account the risks associated with the real estate industry.