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Real Estate Agents

Rocket Internet backs rental startup looking to replace realtors

Rocket Internet backs rental startup looking to replace realtors

German ecommerce investor Rocket Internet is backing online apartment rental firm Nestpick as the start-up expands into four European countries, aiming to connect landlords with tenants and put real estate agents out of a job. Nestpick said on Tuesday it was expanding into 14 cities in Britain, France, Italy and Spain, seeking to do for medium-term property rentals what AirBnB has done to transform the market for short-stay rentals for holiday and business travelers. The company targets international renters moving to new cities and wants to turn apartment rentals into a more secure process for tech-savvy young professionals and students comfortable with online transactions. "Our...

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