Landlords are increasingly concerned about unpaid rent and damage to rental facilities. While unpaid rent is a common issue faced by landlords, damage to facilities is also a serious problem from the landlord's perspective.
Landlords facing these situations are spending significant time and money to resolve these issues. Financial losses due to unpaid rent and legal litigation costs place a heavy burden on landlords, while repair costs and rental period interruptions caused by facility damage also result in economic losses for landlords.
‘NewRent,’ developed by the proptech company ‘Proptier,’ is gaining attention as a solution. The name ‘NewRent,’ a compound of ‘New + Rent,’ signifies a new form of housing rental service that offers landlords a package including ‘payment of unpaid rent,’ ‘connection to verified tenants,’ ‘legal eviction services,’ and ‘rental management solutions.’
The ‘NewRent’ service guarantees landlords rent payments every month within a set period regardless of whether the tenant has unpaid rent. Additionally, if the tenant fails to fulfill restoration obligations, the service provides up to 3 million KRW in repair cost support for facility damage, reducing landlords’ financial and mental burdens.
A representative from Proptier stated, “Nowadays, landlords suffer greatly due to unpaid rent and facility damage,” adding, “Through ‘NewRent,’ we will provide better services so landlords can manage their rentals with peace of mind.”
Meanwhile, Proptier is a real estate IT company with 23 years of experience, developing and operating real estate big data, a nationwide network of over 24,000 brokers, and real estate financial transaction services. Recently, it signed an MOU with the Korea Landlord Association to promote various projects aimed at protecting landlords’ rights.
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