Startup 'Nestpick' is cornering a niche market that is under-served by traditional rental sites or even new services like Airbnb -- international students.
Students are a particular tenant market, because they are looking for medium to long-term rentals for a set period that can range from one semester to three years. They are also open to living in shared accommodations or using communal facilities and are usually on a low budget. Often, landlords seek student tenants specifically. Landlords and students can connect through Craigslist or campus billboards but this process is dramatically complicated when students don't speak the local language or even live on the continent where they'll be studying. This is where 'Nestpick' sees an opportunity.
The platform connects international students with local landlords across Europe, and takes the risk out of selecting a new home by verifying listings and accepting deposit payments from prospective renters. It ticks one of the stressful items off the to-do list for adventurous students on their way to a new country.