'Movem Passport' is a new service for those renting a property in order to help replace referencing and expand capabilities for renters that haven't really existed much in the past. 'Movem Passport' works to replace traditional referencing and will help simplify the process when it comes to booking viewings.
More Millennial consumers are renting a property over purchasing given a number of factors ranging from job insecurity, to being priced out of major cities and everywhere in between. 'Movem Passport' helps to provide renters with the ability to review their experiences with rentals in a similar manner to Airbnb. This means users will be able to see what others have said before booking a viewing or signing a lease.
Why This Trend Is Growing
- Residential Review Platforms
- The rise of residential review platforms spells a disruptive opportunity for traditional referencing and property rental services.
- Expanded Capabilities
- The increased demand for innovation in the rental industry presents an opportunity for companies to offer expanded capabilities to simplify the rental process and increase consumer satisfaction.
- Rent Vs Buy
- Addressing the growing preference for rental- over buying-passion points is an area ripe for innovation in the housing industry.
Industries Being Reshaped
- Real Estate
- The real estate industry can leverage residential review platforms as an opportunity to create new services and models for the rental industry.
- Technology
- Technology companies can leverage residential review platforms as an opportunity to develop new tools for the rental industry that create a more seamless and intuitive experience.
- Hospitality
- Hospitality industry companies can leverage their expertise in consumer sentiment and experience to help streamline the rental process with services like residential review platforms.
