We all know the vacation rental agencies scheme: an owner or renter contacts an agency to rent a property while they’re away and the agency manages the rental, receiving a certain percentage of commission in return. In such cases, there are no guarantees over the rent that will be paid by the potential travelers.
A BookingSync client dared to shake up this well-established pattern. Smartrenting is a real real estate agency which subleases students’ or owners’ apartments while they’re away, guaranteeing the rent will be paid whether the property is rented or not!
This innovative approach has been widely recognised and approved by, among others, the media and several players of the rental Tech.
Smartrenting has received dozens of press articles, reports, media interviews as well as trophies. They’ve won the Mashup 24 contest, the “Favourite Start up” status (“Start-up Préférée”) Engrainages 2016, they were also the great winners of the weLike Startup contest… So many rewards up to the challenge offered by this new vision of vacation rental.
This is their story, told by Aurélie, Smartrenting’s Digital Marketing Manager.
Hi Aurélie, could you tell me a bit more about Smartrenting?
Smartrenting guides young adults in their mobility projects. As we pay 100% of their rent for free, they don’t have to worry anymore about their apartment. We legally sublease their home on platforms such as Airbnb & Booking and manage every aspect of the lease -check-in/out, cleaning, house linen, listings management… We can even store their valuables.
As of today, we’ve helped 1,000 people travel stress-free of having to pay 2 rents or to find a new housing when coming back.
2. What should young travelers choose Smartrenting over another agency?
Our offer is free. We take the risk of not subleasing, not the tenant. Other concierge services often take a commission or charge depending on the apartment’s occupancy rate. We pay 100% of the rent, whatever happens -whether we sublease the apartment, or not.
3. That’s a reassuring promise! Can anyone benefit from Smartrenting’s offer?
Our service is available to tenants and owners. When working with owners, we guarantee they’ll receive a revenue each month, which we decide with them beforehand when signing the contract.
Our service is now available in Paris, Lyon & Bordeaux. In 2018, we’ll settle in three more cities -Strasbourg, Nantes & Aix-en-Provence. Our next step will take us to a European level.
4. One last word for our readers?
Yes, remember that in France, subleasing is legal on two conditions -you can’t earn more that the monthly rent and you need a written authorisation of the owner. As a real estate company, we know how to comfort owners and tenants as they can visit us in our agency directly. We also have access to several guarantees and insurances thanks to this status.
This new eye on the industry is supported and represented by each of Smartrenting’s employees.
Feel like joining them in their adventure? They’re recruiting City Managers for their new agencies in Strasbourg, Aix-en-Provence & Bordeaux who will be able to build a project from scratch and to manage a team. The City Manager should ideally come from the said city, should know it well and be motivated to develop the Smartrenting concept.