NEW YORK--(BUSINESS WIRE)--RentHop and Rhino announced a partnership today to enhance the marketing of homes that introduce the choice to use Rhino as a more affordable way for renters to satisfy their upfront deposit requirement(s). Starting March 10, Rhino will reimburse the advertising costs of Rhino-partnered homes listed by landlords and brokers on RentHop. “Rhino's innovative product enables qualified renters a new and streamlined way to access high quality inventory with minimal hassle. The partnership is well-aligned with RentHop's vision to simplify the real estate search process.” says RentHop Co Founder Lee Lin.
Rhino replaces traditional cash deposits with an insurance policy that renters can purchase through low-cost monthly payments. Property owners experience the same protections they would with a cash deposit. When renters enroll with Rhino, the savings they experience create financial flexibility and empowerment that proves valuable in addressing issues of housing affordability. Last year, both companies experienced record growth as RentHop more than doubled their site traffic and Rhino spread across the U.S. and is now trusted in over 500,000 homes nationwide. “We’re excited by every opportunity to collaborate with groups like RentHop who share our mission to help renters find homes that are right for them.” says Rhino CEO Paraag Sarva.
Founded in 2009, RentHop simplifies real estate decisions using technology and data analysis. RentHop offers highly-sophisticated apartment quality ranking algorithms,which helps apartment hunters quickly sift through large pools of inventory on a national level to find the most appropriate listings. RentHop now stands as one of the largest apartment search platforms in the United States.
Rhino was founded with a goal to empower and improve the lives of renters. Their mission is to build products and services that give renters a more affordable way to live in the homes they want. Today, Rhino offers hundreds of thousands of renters a choice to reduce their upfront move-in costs, providing flexibility and financial freedom.