Biddwell is a new rental website that is designed to make it possible for people looking for rental opportunities to bid for properties to beat out the competition.
Users can log on to the Biddwell website and fill out a so-called 'renter resume' that can include a detailed bio, employment history, credit check information and references in order to stand out from the crowd. Indeed this website encourages people to bid for properties in a hyper-competitive and determined way much like they would apply for jobs. Once users fill out their profiles, they can then issue private bids.
By encouraging users to privately bid for properties, the Biddwell app allows landlords to take advantage of Toronto's supremely competitive rental market while rewarding those prospective renters who are most determined and well-equipped in their quest to find a home.
Rental Auction Websites
The Biddwell Rental App Lets Toronto Citizens Bid For Properties
Trend Themes
1. Rental Bidding - More and more rental websites will start following the bidding process.
2. Renter Profiles - Renter resumes will be more detailed as landlords will demand applicants to stand out.
3. Hyper-competitive Rental Market - Rental application processes will become increasingly competitive as renters vie for available rental properties.
Industry Implications
1. Real Estate - Real estate firms can use rental bidding to help landlords find the most determined and well-qualified renters.
2. Technology - Technology companies can develop features to help renters create detailed profiles to stand out from the competition.
3. Financial Services - Financial service providers can use rental bidding as a way to provide their clients with higher returns on investment opportunities in the rental market.