BidRent.ca Launches The eBay of Rental Properties

. March 7, 2007

BidRent.ca, a wholly-owned subsidiary of Idea Labz Corporation, www.IdeaLabz.com – a privately held internet incubation company with popular websites such as DiscountMore.com, BidRent.com and BidSell.com, today launched Canada’s first auction site targeting apartment and house rentals in Canada.

Called the “eBay of rental properties,” BidRent.ca enables landlords to list vacancies for free, giving potential tenants the opportunity to vie for new living spaces within the context of the popular online auction format.

Founded by internet mogul Bobby Khalili, this new approach to rental listing reduces vacancy rates by letting the market set the price.

“Landlords sometimes overshoot on rental prices,” offers Khalili. “As a result, properties remain unnecessarily vacant, and thousands of dollars in uncollected rent are lost. People buy and sell nearly everything at online auctions, but the phenomenon stops abruptly at rental units. Lessees rarely contact apartment owners to offer lower-than-listed rental prices.”

Khalili points to the buyer’s market, where the opposite is true: Bidding below list price on a new home purchase is not unusual — it’s the norm.

“Renting shouldn’t be any different. Landlords are open to negotiations, especially when faced with losing out on another month’s rent. BidRent.ca draws fresh lines of communication between owner and tenant.”

BidRent.ca also enables landlords to build unique profiles which bear descriptions and photographs of their showcased properties. In essence, landlords can make a free website for their property in order to make marketing the property easier.

With BidRent.ca, property owners afford all the marketing advantages of a dedicated website. URLs correspond to property addresses, meaning (example) www.BidRent.ca/QC119ParkPlace would link to a property on 119 Park Place in Quebec.

According to Mike Ebrahimi, the company’s President & Co-CEO, “With BidRent.ca profiles, tenants and buyers can browse, view pictures, leave messages and ask questions of the owners. The interested party may be inspired to make a casual offer. At that point, anything can happen.”

BidRent.ca will remain free of charge to both landlords and tenants. Khalili wants to encourage widespread use of the site, and subscribes to the notion that the most useful sites on the Net are offered at no cost.

“With real estate transactions at an all-time high, we firmly believe that BidRent.ca will become a valuable commodity for everyone in real estate — from average Joe’s to rental property magnates.”

Similar to the popularity of it’s sister companies BidRent.com, BidSell.com and BidSell.ca, Khalili believes that BidRent.ca’s popularity will grow in Canada as well.

To find your next dream home — or to fill your empty units fast — visit www.BidRent.ca today.

About Idea Labz, Inc.

Idea Labz is a internet incubation and holding company with several popular online properties such as BidRent.com, BidRent.ca, BidSell.com, BidSell.ca, DiscountMore.com, DiscountMore.ca, DiscountMore.co.uk, DisocuntMore.com.au, and DiscountMore.travel. Founded by internet entrepreneur Bobby Khalili, the company seeks, funds, and manages innovative, revolutionary online concepts.

Category: Auction News

Comments are closed.