Are you paying 10 months’ rent as deposit whenever you get a house for rent in Bangalore or Mumbai? Searching for a house in a metro city may seem like a Herculean task; but dealing with the house owners can get even tougher. With high demands for up to 10 months’ rent as advance deposit (from which a big chunk is deducted citing “invisible” charges when the house is vacated) leaves a tenant dejected.
Whether we’re landlords or tenants, we all know how important it is to maintain a cordial relationship with the other party. One thing that often creates ripples in this relationship is rent. There are many factors that make rent the bone of contention between a tenant and his landlord. At times, a tenant might be facing cash crunch, might forget the due date or might not be able to arrange for the huge deposits required at the time of agreement.
Often times, it is not just the tenant who is at fault. A landlord might ask for an advance payment or delay the settlement of deposit. At times they are not available to take the payment. These issues arise especially when cash transactions are involved.
This Sunday, we bring you the story of “Paymatrix” an analytics-driven property rent management platform where rent management is made easy and rewarding!