Landlords or property owners will be in for a major treat with India’s foremost online real estate platform Square Yards launching its app-based solution for property management and rentals. This facility will ensure the best tenant screening services online along with helping generate rent agreements and enabling home repair and maintenance services with just a click.
Online tenant screening and other solutions
Square Yards has launched this platform in collaboration with Azuro, the leading app-based solution for property management and rentals. This is aimed at renting out properties faster with online collection of rent and tenant background checks along with other services. The app is readily available on the Google Play Store and Apple App Store, helping property owners to manage their property showings for tenants and getting them rented out swiftly.
Rental agreements online and more
The process is carried out seamlessly through the scouting teams at Azuro along with rental background checks, screening of tenants and verification, getting house rent agreements generated and signed digitally while automating online rent collection and repair and maintenance services through a few clicks. Along with transparent rental agreement format in Word, tenants get swift rental payment facilities inclusive of credit card payment facilities. They can download rental receipts quickly as well. Maintenance aspects are covered by the property management teams at Azuro.
Tanuj Shori, the Founder and CEO at Square Yards, stated that multibillion dollar opportunities can be tapped in the rentals and property management space, which is a largely under-served market in India. He added that a majority of landlords find it really tough to get quality tenants, following up for payments and also taking care of their maintenance needs. Tenants also talk about wanting a fully digitized online process for rentals, right from payments and maintenance requests to property agreements according to Shori. Hence, this solution should be a game-changer for the whole sector according to him.
Completing its full-stack spectrum of services, Square Yards acquired Mumbai-based Azuro earlier in 2020 itself. It presently operates in 5 Indian metro cities with 1,500 properties under management and annual rentals touching $6.5 million. It has already inked exclusive deals for executing and managing almost 5,000 apartments in the rentals and property management category with more than 25 real estate developers. These include reputed names like Mahindra Lifespaces, Godrej, DLF, M3M, Emaar and L&T Realty among many others.
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Published Date: 15 September 2020
