Want That Apartment? You May Have to Bid For It

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If you think the rent is too damn high, there are a couple of startups that want you to prove it, by forcing you to bid for a place to live. You may find out you’re right. Or you may discover you aren’t offering enough.

San Francisco-based Rentberry allows tenants to bid, eBay-style, on the rent, security deposit and other negotiables of any rental property. Vancouver-based Biddwell allows tenants to negotiate, through multiple rounds of offers, similar terms. For both sites, these auctions represent a way to profit from…

from https://www.wsj.com/articles/want-that-apartment-you-may-have-to-bid-for-it-1491134407?mod=rss_Technology

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