Want to generate recurring revenue from the items laying around your house?
Of course you do, and there's finally a viable way to do it!
The sharing economy is becoming more and more prevalent in modern society. Companies like Uber, Airbnb, and Turo are all examples of successful peer-to-peer initiatives. There have been many past attempts to establish a successful peer-to-peer rental marketplace, however none have prevailed because they all neglected one essential aspect...
Security is our utmost priority. Our team has spent hundreds of hours improvising bulletproof security measures to virtually eliminate the possibility of theft and fraud, and to account for lost or damaged goods. We've created a solution for every possible scenario in order to guarantee a quality lending/renting experience.
CONDITIONALLY EXECUTED SECURITY CHARGE
You may set your own security charge for your items which a renter must pay partially or fully in the event of a lost, stolen or damaged item.
NO TOLERANCE POLICY
We promptly and permanently ban any users who attempt to lie, cheat, or steal. We encourage all members to immediately report suspicious or fraudulent activity.
Upon meeting with your renter, you must complete a Handshake. A Handshake is where the renter enters their rental code into your rental code box. This initiates the rental charge. When the rental is over you both just enter the return code and select its condition.
Every time a rental is completed, you must give your renter a rating from one to five stars. You'll be able to see renter ratings, and choose whether or not to lend to them based on their rating.
During signup, all users must verify their email address and phone number. All users must also provide a picture of a government issued photo ID, and snap a live selfie to be used as their profile picture. Furthermore, we don't allow the use of prepaid credit cards.
In order to further protect your items, Lendr Inc. fully covers approved lenders' items up to $300 in the case that anything happens to them during a rental. Learn More...
ESCROW (Coming Soon)
All funds are held in escrow until 24 hours after a rental's completion date. After 24 hours, the rental fees are automatically transferred to you, and the security deposit is returned to the renter. However, within those 24 hours, you may file a complaint for a lost, stolen, or damaged item, which will be handled accordingly.
DELIVERY & PICK UP (Coming Soon)
Lenders with our optional additional coverage may utilize Lendr Inc.'s third-party delivery service so they don't have to do it themselves!