A new app which lets prospective tenants bid for rental properties could make the process "a bit less painful" but it is still unknown if it could inflate rental prices according to the director of Barfoot and Thompson.
US Company Rentberry is launching in Australia this month and is rumoured to have New Zealand in its sights.
According to the app's website, it is a "price negotiation platform uniting tenants and landlords".
"It automates all the standard rental tasks from submitting your personal information, credit reports and custom offers, to e-signing rental agreements and online rental payments".
Barfoot and Thompson director Kiri Barfoot says while technology can make the process of finding a rental property "a bit less painful", she isn't sure if it will cause a spike in rent prices.
"Tennents and landlords have been negotiating since the middle ages about rents and we are already getting tenants negotiation now when the market is really busy," she told TVNZ 1's Breakfast programme this morning.
Ms Barfoot said that at the end of the day landlords still want a "good reliable tenant" and that is the deciding factor over whether someone else who could "pay another $50 in rent".
She said that if tenants believe there landlords are charging more than market rent, they can apply to the tenancy tribunal to have that reviewed.
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