Lagos is the most populated city in Nigeria and Africa with a population of up to 23 million people. A report by ‘Savills’ a real estate firm in 2016 ranked Lagos as the most expensive city in Africa, considering that houses are over-priced making it tough for people to rent an apartment. Factors like exorbitant rent, scarcity of suitable/comfortable apartments and proximity make it difficult for the average Lagosian to get an apartment.
RentSmallSmall however, has stepped in to create an avenue for Lagosians to secure an apartment in Lagos. Founded by Tunde Balogun and launched in October 2018–+ the proptech startup provides a seamless means for people to rent any type of apartment in Lagos. Leveraging on the issues faced by Lagosians regarding house rent, RentSmalSmall aids prospective tenants to get a convenient apartment within 48 hours. The prospective tenants can then decide to pay up in any convenient means; monthly, quarterly, semiannually or annually, with an added 8% of the base rent.
Hey guys! based on popular demand, and for considering making prices budget friendly, we are happy to information you that we have new listings of shared apartments on our website.
The better news is, most of them are furnished, see them here https://t.co/HEbuN87ch6 pic.twitter.com/qWdTMHHJDp— Rent Small Small (@rentsmallsmall) February 21, 2019
See also: Google Partners CcHub to Link Africa’s Advanced Tech Startups with Asian Innovation Manufactures
The platform lists various types of properties for rent; apartments for families, office spaces and studio spaces. Each property has its price range, with affordable houses for as low N50,000 monthly. Customers of RentSmallSmall are insured by AXA Mansard Insurance Plc. The cover ensures that the tenant is insured against defaults that could arise from job loss, critical illness or accident.
RentSmallSmall ensures that their clients are verified. They achieve this by subjecting intending tenants to verification processes like; check of IDs, referees, employment status, and income proofs. The proptech platform is only available on Lagos island axis and hopes to expand to Lagos mainland later in the year.
“The ultimate goal is to be a force in the property development market by championing creativity in how space is being utilized and designed.’ Says Tunde Balogun, CEO RSS @tundebalogun_on this interesting feature on @sme360ng. Read via this link: https://t.co/IVjM7EdtNx
— Rent Small Small (@rentsmallsmall) January 23, 2019
More on TechGist Africa:
- Call for Applications: Africa Women Innovation & Entrepreneurship Forum 2019
- Mastercard’s Engage Program to Support Fintechs in SSA
- Strive Masiyiwa to go Public with Botswana’s Biggest Telco, ‘Mascom Wireless’
- World Bank Channels $200 million to Support Egyptian Startups, Women and Youths
- How Drones Perform Last-mile Delivery in Rural Africa