Hyderabad: Finding a decent house for rent within affordable budget can be a real challenge. It can be even tougher for the bachelors, especially those migrating from other cities to Hyderabad in search of work. From high rents and security deposits to dealing with brokers and restrictions imposed by house owners, the list of challenges can go on.
All these issues can be addressed at a click of a button on the NestAway Technologies service, which provides online home rental accommodation to bachelors and families.
Launched in September 2015 in Hyderabad, the company has already accommodated 3,300 tenants in over 1,200 houses, says Rahul Kishore Singh, Associate Vice president (Business Acquisition), NestAway Technologies.
How do the tenants get accommodation?
Customers have to download the NestAway app, check for the requirements, book and move-in into the house. The app also provides support to tenants in paying the rents, maintenance services etc.
The best thing about NestAway is that tenants do not have to worry about paying 10 to 12 months rental as an advance security deposit. Here they just pay two months security deposit and there are no brokerage charges, explains Singh.
Tenants are charged per bed in a house. Two persons are accommodated in each room and basic amenities like TV, washing machine, refrigerator, gas etc are provided. From the owners’ perspective, they are assured of rents and maintenance of the property as the company takes the responsibility of these issues.
“In case of any defaults, the company pays the rent to the owners. Majority of NRIs are partnering with us and offering their properties for rent,” says Singh. The company deducts its share for the service extended to the owner and the same varies for properties and rents charged. Among the 3,300 tenants, nearly 80 percent are bachelors and over 150 international students studying in different institutions in the city, he informs.
The company offers its services in eight cities and provided accommodation to 25,000 tenants. “Safety and security of the tenants is our top priority and over 7,000 single working women are staying in our houses,” he adds.