Zillow Group Inc. on Tuesday announced new tools that will allow renters and landlords to complete transactions online, following other recent forays into online property management.
The company, which says its web sites and apps reach 35 million renters every month, will allow rental-seekers to apply for multiple rentals with one application, get access to a credit report provided by Experian, and pay rent online with either a debt or credit card.
Landlords and property managers will be able to use Zillow ZG, -3.30% as a one-stop shop for various tasks, instead of using multiple vendors to perform background checks, collect applications, process rent payments, and more.
The announcement follows an earlier one from Overstock.com Inc. OSTK, -3.36% , which is also developing a real estate presence. In a release, Zillow said its move is a follow-up to its Zillow Offers, which allows homeowners to sell their homes to Zillow, moving what is often a time-consuming and laborious process on the open market to the online space.
Read: Now Zillow won’t just show you a home — it will sell it to you
