'Nestpick' Matches Students with Their European Homes
Charlotte Joyce Kidd — August 13, 2015 — World
References: nestpick & behance.net
Startup 'Nestpick' is cornering a niche market that is under-served by traditional rental sites or even new services like Airbnb -- international students.
Students are a particular tenant market, because they are looking for medium to long-term rentals for a set period that can range from one semester to three years. They are also open to living in shared accommodations or using communal facilities and are usually on a low budget. Often, landlords seek student tenants specifically. Landlords and students can connect through Craigslist or campus billboards but this process is dramatically complicated when students don't speak the local language or even live on the continent where they'll be studying. This is where 'Nestpick' sees an opportunity.
The platform connects international students with local landlords across Europe, and takes the risk out of selecting a new home by verifying listings and accepting deposit payments from prospective renters. It ticks one of the stressful items off the to-do list for adventurous students on their way to a new country.
Students are a particular tenant market, because they are looking for medium to long-term rentals for a set period that can range from one semester to three years. They are also open to living in shared accommodations or using communal facilities and are usually on a low budget. Often, landlords seek student tenants specifically. Landlords and students can connect through Craigslist or campus billboards but this process is dramatically complicated when students don't speak the local language or even live on the continent where they'll be studying. This is where 'Nestpick' sees an opportunity.
The platform connects international students with local landlords across Europe, and takes the risk out of selecting a new home by verifying listings and accepting deposit payments from prospective renters. It ticks one of the stressful items off the to-do list for adventurous students on their way to a new country.
Trend Themes
1. International Student Housing - Providing student housing for international students presents an opportunity for localized, trustworthy rental service that understands student values
2. Localized Online Rental Services - Localized online rental services presents an opportunity to establish market presence in under-served niche markets, such as student housing
3. Verified Listings for Rentals - Verified listings for rentals provide a trustworthy and safe rental platform for users seeking to rent properties abroad.
Industry Implications
1. Real Estate - Real Estate companies can partner with localized online rental services to provide trustworthy rental options for international students.
2. Higher Education - Higher Education institutions can provide student housing options through localized online rental services, ensuring international students have vetted housing options.
3. Technology - Technology industry can invest in building localized rental platforms that utilize advanced verification systems to meet the unique rental needs of international students.
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