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Providing A Hassle Free Renting Experience

Thursday, April 11, 2019

Nagaraju M, Co-founder and CEO, Rentprop4u

He may be just 29, but he has hands-on experience of five years in the highly competitive and niche property management business, when most entrants are still cutting their teeth. Nagaraju M. co-founded Rentprop4u, a Bengaluru-based property management company in 2016. Rentprop4u caters to both tenants and home owners and aims to fill the yawning gap in customer service in this segment.

Rentprop4u offers an online and offline rental home service to tenants without any brokerage. Tenants need to only pay a 5-month security deposit. The firm also manages the property on behalf of home owners, covering everything from maintenance and finding tenants, to rent collection.

In conversation with Dominic Rebello, Nagaraju says, “We want to be the one stop destination for all renting and leasing needs.”

What is the idea behind Rentprop4U?
During the time that I was pursuing my MBA, I came across some friends who where going through some struggle – getting an accommodation in and around the city in a limited time. It came to my knowledge that landlords too faced difficulties to rent out their properties around the city due to several tenant issues.

One of my friends from Bihar came to Bengaluru to pursue his Masters degree. He hunted for weeks together to find an accommodation but had no luck. The fact that he was a student added to his woes. Meanwhile, my uncle was a landlord of a dozen moderate 1 BHK homes which he had built just then. I got an idea – why not help my friend by convincing my uncle to rent out one of his houses to my bachelor friend. My uncle was convinced. He offered him the accommodation under my assurance about the property, its security and maintenance. My friend had a peaceful stay throughout his Masters days and my uncle too was a happy landlord.

That’s when it struck me that a landlord needs a trustee and a tenant needs a hassle-free accommodation provider. As I saw many of my other friends undergo this pain, I thought I could help a lot more people if I took it up as a business. This encouraged me to start a property management service to bridge the gap between owners and tenants. This is how I came up with Rentprop4U.

Along with my cousins Ravi and Asha, we cofounded Rentprop4U with the vision of providing a hassle free renting experience and online end to end property management solutions for our clients.

How are you different from others?
RentProp4u becomes the platform ‘a click away from’ to find your desired property and good tenant for your property. More than special features, we are very specialized in making the customer happy and becoming more of the customized residential management company which is the biggest edge we have over our competitors. We believe that ‘customer is the king for us’, therefore, we are more keen on keeping the customers happy and satisfied. The special features include – Zero brokerage, Assured rent for a property, property end to end management.  RentProp4U’s USP seems to be attracting the NRI client base who have purchased properties in India for investments.

Any expansion plans?
We aim to have 3,000 properties in Bengaluru in the next 2 years. At the same time, we intend to replicate the model in other cities such as Hyderabad and Chennai and then take it across the country. We have plans for overseas expansion too.

Your vision for the company?
To be the One Stop Destination for all Renting and Leasing needs, for our customers by being the “Best in the Industry” providing Quality Services.

Where do you see yourself five years down the road?
We will be established in many major cities of South India and we will be handling over 5000 properties supported by a team of 100 employees.

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