Vuokraovi.com launches a service to secure rent payments for the landlords

Alma Media Corporation                         Press release                         27 February 2023

VUOKRAOVI.COM LAUNCHES A SERVICE TO SECURE RENT PAYMENTS FOR THE LANDLORDS

Developed by Alma Media, Vuokraovi.com's Asuntoneuvos.com (Housing Advisory) launches a digital toolkit for private landlords and property investors. The service enables electronic signing of rental agreement, ensuring rent payment on time and facilitates the rentability of apartments and houses. Asuntoneuvos.com also offers its users housing market data to determine the rental level and selling price of their own properties. 

The rental housing market is a significant part of the overall housing market in Finland. There are approximately 923 000 rental apartments in Finland, of which more than two-thirds are free-funded. There are 360,000 privately owned free-funded rental houses or apartments. 

“Living on rent is more popular than before and the popularity of investing in apartments has grown in Finland due to interest in stable rental income and increase in value. 

Asuntoneuvos.com expands the digitalisation of the rental process of Vuokraovi.com service from the apartment listing to documenting the contract and managing the rental relationship. Asuntoneuvos.com also extends our business to recurring service revenues, targeting especially the private landlords”, says Kari Kivelä, Head of Alma Consumer.  

With Asuntoneuvos.com's Vuokramaksuturva, the rental payment security product, the landlord can secure the settlement of the rent in his or her account regardless of whether the tenant has handled the payment on time. The insurance amount is calculated as the amount equivalent to two months' rent, with no deductible for cover. The cost of rental payment protection is 3.5 per cent of the rent amount each month, and the Vuokramaksuturva customers will also receive a Vakuutusturva, an insurance security, without any additional expense. 

“According to market research, three out of four tenants are willing to rent a home online. According to Vuokraovi.com's Market Pulse survey, forgoing the traditional monetary rental deposit is the second most important criterion for tenants among the benefits offered by a landlord. The fact that the rent deposit is zero euros is very or quite relevant for 76% of respondents when deciding on rental agreement”, says Henrik Laakkonen, Business Manager of Vuokraovi.com.  

The digital rental process requires strong authentication, speeds up and increases flexibility to the apartment investor's operations in addition to increased security. Vuokraovi.com offers the service in cooperation with the Insurance Limited Company Garantia and Svea Bank. 

“Asuntoneuvos.com and the Ovipro service for real estate agents are examples of Alma Media's strategic direction in developing marketplaces towards more advanced digital service platforms”, says Kari Kivelä, Head of Alma Consumer.  

For further information, please contact: Business Manager Henrik Laakkonen, tel. +358408349334 

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.

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