Platform that allows users to search for apartments to rent in their area and elsewhere
Apartments.com is a website that connects potential tenants to landlords. This site has been useful in easing and digitizing the process of renting or leasing a property. Clients can view various properties listed, apply, sign the lease, and pay online.
Apartments.com has over 1.4 million high-quality listings that a potential renter can browse to find the perfect place to call home. Once you find a place you like, you can go through the digital lease that's crafted by expert lawyers. This lease has been designed to protect both the tenant and the landlord.
You can apply for up to 10 properties for a fee of $24.99, and this payment can be made from any device. Each application that you make includes a secure credit as well as a background report done by TransUnion.
Apartments.com enables online payment of rent and other fees. In fact, these processes can be automated and transacted online. This allows clients to enjoy the benefits of automated processes, which means that they don't have to repeat monotonous tasks every month.
Apartments.com is a great place for property owners too. Whether you have one unit or a company with many properties, this website has got it covered for you. You can automate the process of listing, leasing, and renting by managing all the processes online.
When you list your property on this website, it reaches over 35 million clients who visit this and other real estate websites affiliated with Apartments.com. Therefore your property gets exposure to millions of clients, and you have the privilege to choose from a huge pool of various applicants.
Once a potential tenant applies for your property, you get an instant notification. This makes the process fast and eliminates all back and forth processes. You can process applications online and see a comprehensive report on the applicant's credit, criminal, and eviction history. TransUnion does all these reports to ensure credibility.
This report ensures the property owner has a better understanding of the applicant and eliminate out the bad apples. Once you single out a good applicant, you can then proceed to sign out the agreement. The agreement is developed by experts and top lawyers from every state to ensure that you're covered.
The automated payment system by Apartments.com enables the property owners to collect their rent in a stress-free, automated process. Tenants can pay their rent online, and this is then processed and transferred to the landlord's bank account. You don't have to go through the hustle of knocking on doors to collect rent.
The property owners are also able to manage clients online with a few clicks. They can access all information about the clients in one place and find out their details. With the platform, the property owners are also able to manage expenses online, and this helps with tax issues. The landlord is also able to track maintenance online.
Pros of Apartments.com
- Automates most processes
- It can be accessed from anywhere
- It's paperless hence good for the environment
Cons of Apartments.com
- It's not free
- Sometimes the property photos are not very good
- MLS Integration
- CMA Tools
- Advertising & Marketing Tools
- Website Integration / Widgets
- Agent Profiles
- Listing Management Portal
- CoStar Group
- HQ Location
- Washington, DC
- Total Revenue (USD mm)