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Online House Rent Payment

By Author: pay2ghar
Total Articles: 3
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Rent Payment System
A one-stop solution for tenants and owner, gives cashback

One of the challenges for any landlord is the hassle-free rent collection. And while technology has definitely helped making rent payment flexible, landlords and tenants are are yet to find a one-stop solution for rent payment.Sensing an opportunity, Nagendra started Pay2Ghar in 2016 as a one-stop solution for property rental management. The app allows tenants and owners to register themselves, screen tenants while renting out the property and also offers cashbacks to tenants who pay rent on time

The platform had tied up with RBL Bank to provide instant rent transfer of up to Rs 25,000. It provides 10 per cent cashback for tenants who can use the money to pay electricity bills and other utility bills on the same app. For the owners, it has two subscription models wherein they can get benefits like total house renovation once their tenants exits the property. When the tenants pay on time they get scratch cards and that money can be transferred to their bank accounts as well. "We have about one lakh subscribers registered on our platform and have a mix of commercial and residential tenants. However, residential tenants constitute about 80 percent of our customer base and the average rent paid through our platform is at Rs 18,600. Right now we are operating in Hyderabad and Bangalore and are looking at expanding our operations to Mumbai and Chennai this year," said Nagendra.

The app also provides loans to tenants ranging between Rs 10,000 - Rs 30 lakh. The company has invested Rs 4 crore so far, and is making revenues between Rs 10-15 crore till now. They are focusing their operations in Hyderabad.
Know more: http://www.pay2ghar.com/ Contact us: 02230567677

More About the Author

Pay2Ghar a one stop transparent solution for property rental management. One-side to collect property payments (rent, maintenance bills, repair claims etc) providing tenants various payment alternatives(Credit Card/ Debit Card/ Internet Banking/ UPI and even by Cash) to opt for. Flipside to landlord having a hazzel free entry and exit of screened tenants to rent out their property.

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