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Updated 5 months ago on . Most recent reply

User Stats

16
Posts
9
Votes
Barbara Lynn
  • Wholesaler
  • Burlington NC
9
Votes |
16
Posts

Have you heard of Rhino?

Barbara Lynn
  • Wholesaler
  • Burlington NC
Posted

Hi everyone! For those of you with rentals, this may be of interest to you which I discovered on linkedin. I talk to landlords here where I live and find this interesting to be of benefit with landlords and tenants. I had trouble paying rent during covid crazy (slow income non RE related) and wonder if this could have helped at that time. There are 2 articles that caught my attention. 


This article today has an OPT IN which I did not do: 

Millennials & Gen Z want flexibility and affordability, more than a long-term commitment. Learn why they are flocking to single-family rentals.

This article was a year ago: 

Rhino is revolutionizing the single-family home marketplace for renters. Rent growth for single-family homes has grown by 5x since June 2020.

Have you heard of this company?

I am not affiliated with Rhino. This may help ME as a current renter which is why this caught my attention. 



Most Popular Reply

User Stats

1,673
Posts
2,108
Votes
Peter Tverdov
Agent
Property Manager
Pro Member
  • Real Estate Broker
  • New Brunswick, NJ
2,108
Votes |
1,673
Posts
Peter Tverdov
Agent
Property Manager
Pro Member
  • Real Estate Broker
  • New Brunswick, NJ
Replied

We are currently researching a $0 security deposit option for tenants. They would pay us, the management company a small non-refundable annual fee that is basically a third of their traditional deposit. Rhino is basically like that.Then we would turn around a guarantee 1.5x the rent security deposit guarantee to our owner clients. I think it's the future and I'm 90% sure we are rolling it out this summer, just nailing down the specifics. 

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