Zenplace, the service that enables landlords and property owners to quickly rent and manage their rental property online, now shows properties to tenants through robots with smart guided property showings.
Zenplace bosses say the robot has helped accelerate the rate at which they have been able to accommodate customers. (See video below.)
Rahul Mewawalla, CEO of Zenplace and former head of US’ technology program in Silicon Valley with the White House, says: “We set out to change the property management and rental experience by providing property owners and tenants a faster and easier way to rent and lease.
“This new way to rent makes for a better rental experience – tenants love the smart guided tours by a robot and owners love how their property can now be rented in days instead of weeks or months.”
According to Zillow, the average rental home in Silicon Valley sits on the market for 54 days and a significant number of lease transactions fall through before the lease signing. In other markets, the lease time is even longer with lengthy vacancy times for rental properties.
Mewawalla says: “We’re making renting a home frictionless and redefining how landlords can increase returns from their rental property, with a property management fee as low as 5 per cent.
“With robots, we have significantly reduced the time it takes to rent a property. Property owners are also provided with an industry-first 100 per cent happiness guarantee.”
Rental property owners simply enter their address online, submit some basic information, and Zenplace can start renting out and managing their property within minutes.
Zenplace moves nearly the entire rental transaction online and allows the landlord to rent out their home within days instead of waiting weeks or months, and going through the cumbersome traditional rental process.
William Finn who leads the Zenplace owner team, says: “Mary Tian, one of our recent customers, had been trying to rent their property in Pleasanton, California for over a month.
“They decided to use Zenplace, we handled the rest, and we rented out their property to great tenants within three days.
“These are the types of opportunities we want to continue to create as more rental property owners use our service.”
Zenplace is an award-winning artificial intelligence and machine learning company which says it is “reinventing property management” for the 50 million rental properties and 100 million renters across the US.
Zenplace was recently named “Top 10” most viewed US companies, “Most Innovative Companies” and “Top Disruptors in Real Estate”.
Zenplace is backed by institutions and investors with previous investments in Google, Facebook and Paypal.