Aptuno, a Colombia-based real estate company that aims to facilitate rentals, launched several new products.
Aptuno told Colombian media La Republica the company is now providing “credit” to landlords at “very attractive” rates, under its Arriendo Anticipado (Advanced Rent) product.
Landlords can get the payment of their monthly rent in advance to get quicker working capital.
Aptuno said it can “advance” up to 10 monthly rent payments to landlords.
Another product Aptuno launched pays landlords 100% of a monthly rent for four months if the property is vacant. Then the property owners can pay back Aptuno once the listing is rented.
The company also expects to reduce the vacancy period for landlords to less than 25 days on average, from 141 days, on average, in cities like Bogotá.