50%+ of Jakarta Apartments Vacant

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  • marcus
    • Jul 2008
    • 9173

    50%+ of Jakarta Apartments Vacant

    From https://techcrunch.com/2019/11/13/tr...nt-apartments/ , Nov 2019

    The four-year-old startup Travelio is attempting to make it easier for tenants to rent these properties in Jakarta and other places in Indonesia ...

    The startup works with individual apartment owners and property dealers to allow tenants to find and rent apartments. People can book an apartment for a day to months, ...

    Travelio has over 4,000 properties exclusively signed up with the platform, .. The startup takes between 20% to 35% of the revenue cut from its property owner partners... Typically, it would cost a little more than $350 for someone to rent an apartment for a month from Travelio. In Indonesia, currently those looking for an apartment from property dealers and individual owners have to make a down payment of 20% and pay an advanced security deposit for more than a year. Through its pricing structure, Travelio is attempting to address this issue as well.

    In addition to offering these fully furnished apartments on rents, Travelio also takes care of house cleaning and maintenance of these properties.