Reniso homes in on property management model for absentee landlords
Delhi-based real-tech startup Reniso helps owners staying away from their properties to remotely manage them. From undertaking repair and maintenance works and searching for tenants to insuring the property, Reniso helps these absentee landlords keep a tight grip on their properties. First thought of in 2014, Reniso was founded by IIM Ahmedabad and IIM Calcutta alumni Nishit Sharma and Alok Srivastava. Nishit, Co-founder of Reniso, says: “Strangely, we were both involved in a small way in helping our near and dear ones in their property management, and we both realised there was huge business potential as far as property management of these landlords are concerned.” The company follows an asset management approach. Alok says, “There are three stages - asset preservation, asset enhancement, and return on assets. Let’s say someone has a property in Noida; they got possession last year and have not been able to monetise it. We send our team to inspect the property and look at what is the status of property and come out with a report – called Reniso Property Inspection report. We also come out with an assessment on the property's tenant friendliness and give these reports to the landlords.”
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