The upside of owning rental properties is the income stream but there are plenty of downsides – finding suitable tenants, late payments, defaults, managing deposits and legalities are just a few.
In an effort to help landlords find tenants faster and through a more rigorous vetting process, Gumtree has collaborated with HouseME, a disruptive property technology company that has begun reshaping the South African property rental marketplace.
HouseME, first founded in Cape Town in 2016 by two young South African entrepreneurs, uses smart technology to connect and vet tenants, collect rent and manages the complete viewing, vetting, administration and payment process. HouseME’s transparent and digital PlaceME Tool helps landlords find a tenant at a price that maximises return and minimises vacancy for their property.
The collaboration with Gumtree, the country’s biggest online classifieds website, will offer what Claire Cobbledick, Gumtree SA GM Director, describes as an example of business symmetry; “We have 47,000 SA rental properties listed on our site and those landlords can now easily access the security and peace of mind that comes from this kind of expert third party management.”
Ben Shaw, HouseME co-founder and CEO, believes that the partnership with Gumtree will be another great step for their already expanding business, and will give Gumtree users even more peace of mind. “We are delighted to be collaborating with Gumtree, a huge vote of confidence from one of the top brands in the country! We’re excited to offer even more value to South African landlords and assist in reducing their risk associated with property rental.
What’s in it for the tenants? HouseME’s one month deposit policy is a huge help in today’s market, and our automated process ensures that tenants don’t face any discrimination whatsoever. This is how renting in South Africa should be.”