Features you need in your property rental app for successful launch

Last Updated on August 28, 2024

Integral to our daily lives, mobile apps have revolutionized convenience in various tasks. In the realm of online real estate businesses, property searches have undergone a transformation, minimizing reliance on traditional agents. To guarantee a seamless user experience, property rental mobile apps must incorporate essential features. User-friendly search options, detailed property listings, and interactive maps are some of the features you need in your property rental app to streamline the search process. In the fast-paced world of real estate, property rental app like Airbnb have emerged as a game-changer, transforming the way people search, list, and rent properties.

Whether you‘re a property owner looking to maximize occupancy rates or a tenant in search of the perfect home, rental apps provide a one-stop solution, connecting parties with ease. In this article, we will look into the features that you must include before launching your property rental app that can ensure the success of your real estate app.

Take a look at Real-Estate Global Market Statistics:

• According to research worldwide, the real estate market increased at a 7.6% compound annual growth rate (CAGR) from $3694.47 billion (about $11,000 per person in the US) in 2022 to $3976.18 billion (about $12,000 per person in the US) in 2023. 
• Reports say that the real estate industry is anticipated to reach $5209.84 billion in 2027, at a CAGR of 7.0%. 
• According to another study, 41% of potential house and property buyers first searched online for any property listings and 74% of homebuyers searched for properties online with their mobile or tablet

This statistic gives us a clear view of how technology has impacted the way people now buy properties and engage in real-estate business online. 

Features you need in your property rental app for a successful launch

Before launching your property listing app make sure that you include the following features to ensure a successful app launch and increased user engagement: 

1. Virtual Tours
   Incorporating a virtual tour feature in your app will allow users to get a realistic 3D view of the property without actually visiting the place. This will create an interactive experience for the users.
2. In-App Chat
   In order to enhance the communication between guests and hosts, incorporate an in-app chat feature. This will allow users to ask questions, seek clarification, negotiate offers, and receive timely responses within the app.
3. Reservation Management
   With the help of this feature, the user can view their upcoming reservations and bookings. They can also cancel and reschedule their meetings with just one click.
4. Property Comparisons
   This feature will allow users to compare the various listed properties side-by-side, highlighting the prices, key features, locations, amenities, and more. Comparisons can help the user to make more informed decisions.
5. Wishlist Option
   Guests will have the option to save and bookmark any property that they are interested in for future comparisons. This will enhance user experience and facilitate long-term planning.
6. Become a Host
   Guests can unlock their earning potential by creating their own property listings on the platform, attracting potential guests, and transforming their property into a destination for travelers around the world.
7. Rating and Reviews 
   The user can go through all the ratings and reviews given by the guests for the properties, which can help them in making more informed decisions based on the experience and feedback shared by others.
8. Multi-language Support 
   By providing multi-language support you can cater to a wider audience and help the users to have a more engaging experience in your app compared with other platforms. 

Key Mobile App Trends to Focus on

• Enhanced Personalization: Property rental apps will increasingly focus on delivering personalized experiences to users. This includes tailoring property recommendations, search results, and notifications based on user preferences, behavior, and previous interactions. 

• Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies will be utilized to improve various aspects of house rental apps. This includes automated property matching algorithms, chatbots for customer support, pricing and demand forecasting, and virtual assistants to enhance the user experience. 

• Augmented Reality (AR) and Virtual Reality (VR): AR and VR will continue to gain attraction in short-term vacation rental apps. Users will have the ability to virtually explore properties through immersive 3D tours, and visualize furniture placement, providing a more realistic and engaging experience.   

• Blockchain for Security and Transparency: Property rental apps will utilize blockchain technology to improve security, trust, and transparency in rental transactions. By using smart contracts, rental agreements can be streamlined, payments can be managed securely, and tenant histories can be verified   

• Internet of Things (IoT) Integration: IoT devices will play a larger role in property rental apps. Smart home features, such as connected thermostats, security systems, and appliances, can be controlled and monitored through the app, offering convenience, energy efficiency, and enhanced security for tenants.    

• Instant Booking and On-Demand Services: Apps will provide instant booking capabilities, enabling users to secure a property quickly and conveniently. Additionally, on-demand services like cleaning, maintenance, and concierge services can be integrated into the app, offering added convenience for tenants.   

• Social and Community Features: Rental apps will incorporate social and community-driven features, fostering connections and engagement among tenants. This can include forums, event listings, neighborhood guides, and the ability to connect with like-minded individuals or local community groups. 

• Mobile Payment Integration: Seamless mobile payment integration will become essential, allowing tenants to pay rent, security deposits, and additional charges directly through the app. Integration with popular payment platforms will enhance convenience and simplify financial transactions.   

• Data Analytics for Market Insights: Real estate rental apps will leverage data analytics to provide valuable market insights to users and property owners. This can include rental price trends, neighborhood analysis, vacancy rates, and investment potential, empowering users to make informed decisions. 

Rental Marketplace App like Airbnb by Oyelabs

Now you can easily launch your own accommodation booking platform similar to Airbnb with Oyelabs’ Airbnb Clone. Our solution is packed with all the essential features you need to build a global marketplace. It supports multiple languages and currencies, ensuring a seamless experience for users around the world. 

The best part? Our Airbnb clone script is 100% customizable and ready for you to make your own. With our white-label solution, you can create a unique brand identity and tailor the app to fit your specific business needs. 

What makes Oyelabs stand out is the speed and efficiency of our solution. You can have your own Airbnb-like app up and running within just two weeks, thanks to our readymade clone. 

Conclusion

Launching a successful property rental app requires incorporating essential features that enhance user experience and streamline the rental process. From virtual tours and in-app chat to reservation management and property comparisons, these features simplify property searches and foster effective communication between hosts and guests. 

Additionally, trends such as enhanced personalization, AI and ML integration, AR and VR experiences, blockchain security, IoT integration, instant booking, social and community features, mobile payment integration, and data analytics for market insights should be considered to stay ahead in the competitive rental marketplace industry. 

So, if you’re ready to venture into the world of property rentals or create an online rental marketplace app like Airbnb, Oyelabs has the expertise and resources to bring your vision to life.