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Why go to a store to rent or purchase an item you need when neighbors down the street have one in their garage that you could use for a modest fee?That's the concept behind PeerRenters, a new IOS app that connects people who need to borrow an item with businesses and people willing to rent that item.The PeerRenters app allows anyone to list their dormant belongings for rent, or even sale. Almost everyone has stuff laying around collecting dust, that someone else in the local community might need to use. The app connects dormant property owners with renters, in a much safer and more efficient means than web based services.By converting dormant stuff into a recurring revenue stream for owners, the app also helps renters locate costly items they may need temporary use of, that don't warrant the expenditure of a permanent purchase. The service is free for renters. Property owners pay a 10% fee for all transactions arranged via the app. It is free to download the app.All kinds of stuff are suitable for peer renting via the app including clothing, electronics, equipment & tools, business and household items, sporting goods, vehicles, and even personal temp employment services.To confirm a transaction, renters pay a small booking deposit via the app. The balance due is then settled directly with the property owner. This process removes the risk of dealing with completely anonymous parties via web services like Kijiji and Craigslist.PeerRenters Inc. is a new Vancouver-based startup.
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