How Flat Monthly uses VR to solve rental pain

How Virtual Reality is Revolutionizing Apartment Rentals in ASEAN

Nobody enjoys home inspections, usually considered a necessary evil of the apartment or condo rental process. Owners hate it, agents loathe the time-suck, would-be renters run themselves ragged because there has been no other way. None, that is, till now.

Flat Monthly (www.flatmonthly.com), a revolutionary web platform for renting apartments, condos and co-living arrangements in Southeast Asia, is betting heavily that 3D photography and Virtual Tours can make physical home inspections a thing of the past, never to be missed.

So far the company’s bet seems to be paying off.

Since Flat Monthly’s month-or-more platform launched in August in Bangkok, Singapore and Kuala Lumpur, condo developers and apartment complex owners along with high-end real estate agents have flocked to the edgy online rental listing and contracting service.

A key factor seems to be Flat Monthly’s value proposition to owners and agents: list your properties with us and at no cost, we’ll undertake state-of-the-art 3D filming of each property and create 3D walk-throughs that obviate the need for physical inspections.

Michael Hogg, CEO of Flat Monthly, explained that the attraction is the all-online solution which addresses the main pain points from which everyone in the rental marketplace is suffering. “Simply put,” he said, “virtual inspections are far better than physical ones. You basically can find a new home with confidence while lying in bed.” He listed the advantages:

  •       You have far more choices at your fingertips, instantly available and filterable
  •       You don’t waste time sweating and running around town
  •       You choose when and where to do it, without stress or pressure
  •       Our VR tours extend to the properties commons areas like gym, pool, lobby etc
  •       The VR also covers the surrounding street, neighborhood, bars, shops and cafes.

In Singapore and Bangkok, the company offers the option of air-conditioned virtual reality showrooms equipped with the latest VR goggles for the full 3D walk-through experience. But, Hogg said, many renters already have or are planning to buy now-affordable VR headsets.

The Flat Monthly VR solution doesn’t just show high-resolution, three-dimensional views of the rooms, furniture and appliances, but also the building and neighborhood, letting renters explore the area without venturing out into the heat.

Each virtual home tour is modular and shareable (as a video, photos or PDF brochure) with other decisionmakers, accompanied by all facts and figures a would-be renter needs to know: utility costs, payment schedule, terms and conditions, even a ready-to-execute digital contract, ready for instant online signing.

With virtual inspections, Hogg says, find

 

ing a new home is becoming an exciting form of entertainment.

People are using VR and 3D not for games but to find their new homes in a far better and less stressful way. That’s exciting and revolutionary for all concerned.

Top international real estate agencies, already partners, agree with his assessment, calling Flat Monthly

… the perfect marketing and distribution channel for showcasing the many high-end properties that we represent. Most of our clients are international executives and diplomats who require high quality accommodation solutions. Flat Monthly’s high definition photography, virtual reality tours, and detailed property information reflect the quality and transparency that we and our clients expect.

About Flat Monthly

Flat Monthly (www.flatmonthly.com) is a revolutionary platform for landlords, agents and tenants to expedite listing, searching and transacting agreements for the medium- to long-term rental of condominiums and apartments.

By moving the rental process wholly online, automating many routine tasks, and adding cutting edge features like 3D photography Virtual Reality tours and digital signing, we offer all parties an innovative way to streamline the rental process end-to-end, saving time and money while achieving more satisfactory results — quicker, easier, and more efficiently.

In short, we make the long-term rental process Beyond Easy!

The business currently operates in Thailand, Malaysia, and Singapore.

Further Information

Mr. Michael Hogg
Chief Executive Officer
[email protected]

Website: www.flatmonthly.com

Phone:  +65 90303643

 


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