Zumper Becomes the First Portal to Offer Annual, Monthly and Nightly Rentals

August 26, 2022
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US Portal Zumper secured $30m to launch a short-term rentals product yesterday, making it the first real estate marketplace to offer annual, monthly and nightly rental options.

Zumper pushed hard for the new offering after discovering that a third of their 70M users were seeking flexible rentals in 2021 among which 84% will end up in a long-term rental.

It becomes the first real estate marketplace to bring together short-term, vacation and annual into one platform. Short-term listings can be booked at no additional fee to the guest, which Zumper says it undercuts other short-term rental platforms like Airbnb by up to 15%.

The product includes a dedicated experience that lets owners and rental managers advertise their properties, 3D tour integrations and a mobile-first approach

Zumper co-founder and CEO Anthemos Georgiades said:

"With the traditional short-term rental industry, fees are too high and consumers need to look at a multitude of different websites to find the right listing.

"We want to build the most comprehensive rental platform that enables our renters to easily find the best short-term, monthly or long-term rentals with a product designed for today’s far more flexible world."

Shalin Amin, Chief Experience Officer of Zumper, said:

"We're not just for trendsetters and digital nomads but for those in-between leases or those trying to build a rental history. We're a solution for many people looking for temporary housing in a growing workforce of migratory workers, like traveling nurses, construction crews, and disaster response teams. Our users play a critical role in making the communities and cities they relocate to thrive."

Zumper is the largest privately owned rental platform in North America with more than 178 million site visits a year.

We recently spoke to Zumper COO Vishal Makhijani about the company's mission to create an end-to-end renting platform. You can watch it below:

August 26, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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