Rental Property System Based on Review System Based Review Analysis

International Research Journal of Engineering and Technology (IRJET) e-ISSN:2395-0056

Volume: 09 Issue: 12 | Dec 2022 www.irjet.net p-ISSN:2395-0072

Rental Property System Based on Review System Based Review Analysis

Abhimanyu Surendran1 , Sahil Popat Potale 2, Asha Patil 3

1,2,3B.C.A. (Mobile Application and Cloud Technologies) Students School of Engineering, Ajeenkya DY Patil University Lohegaon Pune, Maharashtra, India***

Abstract - Online hotel/rental property suggestion services like Trivago, Trip Advisor, and Expedia are widely available. Finding the same recommendation system for a rental home is very challenging, and typicallytheownerdoesnotadvertisetheirhomeonline but instead promotes it to the locals. Problems emerge whenit's difficulttofinda local rental homethat'sclose to the university. The student will typically go outside and inquire for the resident. Our project's major goals aretocreatea systemthat will beadvantageous to both tenants and property owners and to improve the effectiveness of the home search and rental process. a virtual system where property owners may quickly discover tenants and vice versa with a pre-determined agreementfortheirrentalpurposes.Tenantscanlocatea place to live in a particular neighbourhood with ease thankstosortedgraphical locationsofhousesand maps nearby. The major objective is to provide a virtual platform where people may search for the ideal match for their preferences. There aren't many rental sites available, and if there are, nothing has been managed adequatelyifthereare.

1. Scope

To facilitate the application development process, the project'sscopesaredefined.Wewilldiscussthebreadth intermsofsystemfunctionalityanduserperspective

1.Admin

•Manageandmonitorthewholesystem 2.Owner •Registerandlogintothesystem

•Editandupdatehousedescription

•Receivedetailsfromstudent 3.Student •Registerandlogintothesystem

•Insertthecriteriaofthehouse

•Searchforhouse

•Bookingthehouse

Key Words: Rental property, rent web-application, Rental system, Property rent, sell house, Buy house

2. Comparative analysis

Due to rising property prices, many people in India relocate frequently in quest of employment, education, orboth.Manyalsolikerentalhouses.Youmaytherefore concludethatthemajorityofIndiansareaffectedbythis issue.Weconducteda poll toidentifytheissue,askinga few simple questions. You can access the survey by scanningthisQRcode.

We asked if they had any trouble finding renters or rentalhomes,iftheyhadusedabrokerornot,iftheyhad had any issues with either tenants or landlords, and if the broker had assisted in identifying solutions to improve the situation. What were the outcomes of this survey, then. Here, the landlords filled 36.4% of our form, while the tenants filled 63.6% of it. Because there aremultipletenantsresidinginarentalproperty,thisis theratiothatthelandlordandrentersmaintain.

International Research Journal of Engineering and Technology (IRJET) e-ISSN:2395-0056

Volume: 09 Issue: 12 | Dec 2022 www.irjet.net p-ISSN:2395-0072

the respondents said that it is very difficult to find a rental property. We can therefore conclude that the processisineffectiveeventhoughabrokerisinvolved.

The first question we asked was, "Did the landlord or tenant use a broker for a transaction?" The majority of themhiredabroker,with61.5%doingsofortheirrental propertyand38.5%optingnotto.

How much tenants trust their landlord and how much landlords trust their tenants was the next question we posed,andfromthiswelearnedthatnotmanylandlords and tenants have trust in one another. There are many trustissuesbetweenpeople.

The next question we posed was, "How much do you trust your broker?" We discovered that the majority of consumershavenofaithintheirbrokeratall.

3. Literature survey

These are some responses gathered from the survey regarding the issues people believe a rental system needstoaddress. 

Not calculating the electricity bill based on real usage. Alternatively, some property owners charge Rs.10to12perunit,regardlessoftheactualusage. 

Before turning over the property to the tenant, the owner should maintain it. A minimum commission shouldbechargedbythebrokeronbothends. 

Cleanliness. 

How effective is the procedure of discovering tenants andrentalproperties?wasthenextquery.Wearrivedat this solution by asking tenants and landlords how difficultitistofindtenantsorarentalproperty.Manyof

Brokerage ought to be reduced. Need information aboutprevioustenants. 

Lackofproperamenities. 

Bills must be paid in full, and deposits must be lower.

International Research Journal of Engineering and Technology (IRJET) e-ISSN:2395-0056

Volume: 09 Issue: 12 | Dec 2022 www.irjet.net p-ISSN:2395-0072

 Thereisnoplacewherewemayrateourreviewsof rental properties. If such a platform is accessible, people can discuss the advantages and disadvantages of renting a house, as well as their interactions with brokers and landlords. Every tenant will thereby learn about the precise state of the property, the fundamental amenities offered there, etc. Brokers may exaggerate the benefits of the rental property and conceal any issues therein. Creating such a platform will lessen the differences indicatedabove.

4. Challenges of the system

1. Pocket-friendly property pricing –

Pocket-friendlypropertypricingisthenumberoneissue that the real estate industry is going to face in 2022. Most people are finding it highly challenging to locate budget-friendly housing near their places of employment.So,realestateagentsmustalwaysbeready tofindworkablesolutionstothisproblem.

2 Weather-related risks pose danger to the real estate industry –

Forhomeowners,weather-relatedproblemsaregetting moredifficult.Realestateisbeingsignificantlyimpacted byanythingfromhurricanestoflooding.Bothrealestate experts and home buyers must decide whether to develop in a certain neighborhood and maintain the building to the predetermined criteria. Ensuring real estate property and buildings is a significant problem thatisconnected to weatherproblems. Additionally,the realestatesectorwillneedtocollaboratewithinsurance providers to identify ways to preserve buildings so that theycanwithstandhurricanesandearthquakes.Inorder to ensure that customers can obtain the insurance they require while acquiring property, you will be necessary toengagecloselywiththemasarealestateagent.

3 Collapsing infrastructure -

According to the majority of analysts, one of the largest problems facing real estate brokers in 2022 will be the collapse of infrastructure. Everything needs immediate repair or improvement, including bridges, roads, and public transportation. The infrastructure requirements ofthebusinessescanhaveasignificantimpactonwhere they choose to develop or relocate, which will have an impact on the real estate market. Well, property purchaserswon'tbeeagereitherifbusinessesoptnotto move up to a given neighborhood or location. The

residents of particular neighborhoods who already own homes may also be impacted by the failing infrastructure.

4 Excellent real estate digital marketing strategy

Everythingismovingonlineintoday'sdigitalworld,and asaresult,twoofthebiggestissuestherealestatesector will face in 2022 are how to effectively use digital marketingchannelstogrowitsclienteleandboostsales. It can be difficult for most real estate businesses to run efficient, effective, and measurable digital marketing initiatives.Inadditiontothese,therealestatesectorwill confront a number of other issues related to digital marketing in the approaching year 2022, such as managing social media campaigns, tracking outcomes, runningadvertisingacrossnumerousplatforms,etc.One thing to keep in mind, though, is that there is also tremendousroomforimprovement.

5. Keeping up with advanced technology

The ability of the real estate sector to keep up with technological advancements will be another concern in 2022. This will require both cutting-edge technology in therealestatesectorasawholeandsmarttechnologyin the homes and flats that buyers will be looking for. The most recent innovation in real estate is buyers who buy directly from sellers while avoiding the intermediaries. Although virtual tours have been around for a while, they will continue to develop and real estate agents will needtostayontopofthiscutting-edgetechnology.

5. Expected result

The project's anticipated outcomes are that the student will discover a suitable rental home quickly using this technique. The Technique for Order Preference by Similarity to an Ideal Solution is a method that this system employs to assist users in ranking options for rentalhomes.

6. Conclusion

1) We can therefore conclude that in order to create a rental property system that is more effective, we must devise or discover a system for a market place where landlords can list their properties and tenants can expressaninterest.

2) The next insight we had was that we needed to addressthetrustissuesbetweenlandlordandtenant.To do this, we integrated a review system on our platform sothatlandlordsandtenantscouldeachratetheother.

International Research Journal of Engineering and Technology (IRJET) e-ISSN:2395-0056

3)Thenextstepistofindanalternativetobrokerssince they are not contributing to the solution of this issue. Therefore, a platform where landlords can list their propertiesandreviewsaremademightbeanalternative solution.

7. References

https://www.clicbrics.com/blog/challenges-faced-byreal-estate-agents-in-2022

https://docs.google.com/forms/d/1t9rMPJ6nxVAC52Za nZt8MIi66eWPtYzVoQqCKXGMKL8/edit

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