Nestpick, the Airbnb for international studens.
A Rotterdam based and founded Start-up Company whose mission it is to change the real estate market. The idea emerged when international student and founder Fabian Dudek came to Rotterdam for his study and almost ended homeless. The problem for international students is to find a room without being able to visit the city. Furthermore, there are a lot unreliable landlords making it even harder to find a room in an unknown city.
Nestpick solves this problem. They enable international students to securely and conveniently rent private places online. They enable landlords or real estate companies to rent their rooms to possible tenants online. Students are ensured that the landlord is reliable and employees of Nestpick inspect the room and make professional photos.
Landlords have the benefits of getting professional photos and a continuing inflow of new tenants. They do not have to make time to guide possible tenants and all deals are made online. It will cut vacancies as students can apply before the apartment becomes available again.
The costs of the services provided is fifty percent of one month’s rent. The costs are for students, but the student will save a plane ticket because he doesn’t have to inspect the room beforehand and don’t have the uncertainty of not having a room.
Nestpick already have rented 15.000 months in 2013 for landlords, equivalent of € 1.000.000 in revenues. The 25 person staff sees a lot of opportunities to expand internationally where they are already nationwide. Moreover, this problem is not typical Dutch. International students in every other country have the same issues. There is certainly a market for Nestpick in other countries, but their business model obligate them to have Nestpick representative in every city they want to rent apartments. It could be done by partnerships with professional photographers, but it will always be expensive.