InRento, the Lithuanian crowdfunding startup recognized for its innovative investment technology, has garnered a commendable €15 million in investments in its initial years.
The platform, which specializes in real estate rental projects, boasts a flawless track record with no late or defaulted projects and an average annual return of 12.43%.
Gustas Germanavičius, the founder of InRento, commented, “While we might not dominate the competitive alternative investment market, we prioritize service quality. Our impeccable track record and thriving investor community attest to our commitment.”
The rental market is witnessing a significant upswing due to rising Euribor interest rates, which have deterred home purchases.
This decline in home buying, coupled with factors such as a growing migrant population and the onset of the school year, has bolstered the demand for rental housing in Lithuania’s major cities.
Elucidating the rental market’s potential, Germanavičius stated, “Given the increasing accommodation demand, InRento primarily concentrates on residential and tourism sectors.
Vilnius, in particular, promises promising returns of 8% or higher for new apartments, a figure that stands tall in comparison with Western Europe.”
Boasting a robust community of over 17,000 investors, InRento is rapidly emerging as an attractive financing alternative for buy-to-let developers, especially given the spiraling interest rates.
Germanavičius further elaborated:
Prominent developers are veering away from traditional banks in search of alternative financing. With the Euribor surge, rental managers might face bank interest rates as high as 9-10%. InRento, in contrast, mandates only monthly interest payments, with the principal repaid upon project completion.
While many inexperienced investors have grappled with significant losses recently, InRento has maintained its record, making punctual payments even amidst rising funding volumes.
Germanavičius emphasized the importance of understanding investment risks and highlighted InRento’s unique offering of monthly interest payments. Additionally, its interest rates are pegged to inflation, ensuring long-term investor protection.
Emphasizing InRento’s accessibility, Germanavičius said, “Renting has always been a lucrative investment avenue for Lithuanians. Recognizing the economic volatility and the increasing burden of home loans, InRento offers an alternative for buy-to-let projects. With a minimum investment threshold of €500, we encourage potential investors to gauge the risks and rewards adequately.”
InRento’s rigorous project evaluation, focusing on rental flow, project owner reputation, and asset liquidity, ensures optimal investor satisfaction and service quality.
