# Renting vs. Buying Group #
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"Everyone, quickly download the Jiali Rental app and let's analyze together whether this app is genuinely offering rent-to-own or just a gimmick to scam people?"
Group Administrator 001:
As the title suggests, this so-called Jiali Rental app is a new software released in the past few days. Although the number of properties available is relatively small, they are all owned properties, meaning they all belong to the owner of this app.
This might seem exaggerated, but it's not entirely unreasonable.
What's truly outlandish is that the app explicitly states that if a tenant continuously rents their properties for thirty to forty years, they can directly transfer ownership of the property. And it doesn't require paying forty years' rent upfront; rent can be paid monthly.
Even the lease term can be transferred.
From my perspective, it sounds too good to be true.
It sounds like a scam.
So, I kindly ask everyone to take a look, read the tens of thousands of words in the contract details carefully. If there are any professionals, that would be even better. See if there are any hidden pitfalls. If everything stated is indeed true.
Then it would be incredibly suitable for our group.
I'm a huge fan: No need to look, it's definitely a scam.
Allergic to Cat Fur and Plush Toy Lover: A clueless bystander passing through, waiting for the experts' opinions. However, if it's true, it's really great. Let's download it and see first.
Pink Duck: I remember there were similar rental schemes before, but they probably failed...
Li Yao2547: Silently waiting for the experts to arrive.
...
Expert Platypus: I just downloaded the rental app and registered. I've also carefully read through the contract and notices. Currently, I haven't found any intentionally hidden major pitfalls.
I've never seen such a well-behaved app.
Even the requested phone permissions are minimal.
The contract required for signing is also very legitimate. In fact, the rental period can even be transferred to someone else by paying a negligible penalty. How to describe it? Although I can't find any loopholes, the conditions are just too good, so good it's hard to believe. I'm so conflicted!
Fu Chun Ju Shi: No, I don't quite understand what you're all fussing about. Please, go outside and look at the current rental apps and agencies. If they don't trick you into taking out loans, they're considered conscientious.
Deposit three months' rent, pay three months', or even pay a year's rent upfront – there are plenty of such demands. Not to mention the risk of being scammed out of a year's rent by a sub-landlord.
This app, regardless of other aspects, the fact that the properties are self-owned and signing on the app directly connects you to the landlord, eliminating sub-landlords, is already very attractive.
Not to mention it's deposit one month, pay one month.
Even if some of the later terms are not met by the other party, and they can't deliver as promised, we won't lose out.
After all, the rent displayed isn't high.
It's just normal market price.
Even a little lower than the market price.
One Step Ahead, Always Ahead: Fools are still hesitating and deliberating. This smart me has already booked a place. Haven't you noticed the limited number of properties and that they are constantly decreasing? If you choose now, you still have options. Wait any longer, and there will be no good properties left to choose from.
Besides, what's the use of you guys investigating the contract? I directly investigated the issuing company behind the app, its shareholders, and whether those properties have any issues.
Considering we're all in the same group.
I'll reveal what I've found.
The company behind this app is a new company founded less than two months ago. However, this new company is a wholly-owned enterprise established by Shi Jiali, who is the controlling president of the current Shi Group.
By the way, the new company has no debt.
Its assets are properties worth over thirty billion.
And these properties are currently not mortgaged in any way, clean and clear. Although I don't quite understand why Shi Jiali is doing this for now, there are no problems renting from them.
Even if the Shi Group runs into trouble and goes bankrupt.
It won't affect this.
So, you can all rent with peace of mind!
...
While some were still hesitant, more people had already acted promptly, especially those whose properties were near their workplaces and whose current leases were about to expire. They acted swiftly.
By the time the less decisive ones finally decided to rent, the properties were completely gone. All that remained were unfinished raw apartments.
Then, many people contacted customer service.
Asking when the raw apartments would be available for rent.
Or if they could rent the raw apartments directly.
Since so many people were inquiring, the person in charge even indirectly conveyed these requests to Ding Yun. After considering it, Ding Yun finally decided to open the raw apartments for rent. The main difference would be a 10% reduction in rental price, not for the first few months, but for the entire duration as long as the tenant didn't terminate the lease.
Tenants could renovate the properties themselves.
Additionally, a supplementary agreement would be signed, stipulating that as long as the tenant did not terminate the lease, Jiali Rental app could not demand the tenant to vacate or mortgage the relevant property for any reason. In case of breach, they would compensate the tenant three times the renovation cost as a deterrent.
And to reassure the tenants.
With this setup, Ding Yun's originally planned simple renovation plan became unnecessary, as those raw apartments were all booked without renovation. Some moved in directly, planning to renovate while living there, while others rented places elsewhere for a few months, planning to move in after their raw apartments were renovated to their liking.
Those willing to rent raw apartments and renovate them meticulously.
Were generally filled with trepidation, wanting to take a gamble that the Jiali Rental app would fulfill its contract and not be a scam.
Such a windfall couldn't possibly remain within a small circle. Before long, related news made it to the trending searches. Unfortunately, by the time it hit the trending searches.
The properties in the rental app were already gone.
No matter how many people clamored for them, it was useless.
Although other rental competitors were dissatisfied, since the properties Ding Yun rented out were still under her ownership, others couldn't make trouble. Furthermore, her scale wasn't that large, making expansion difficult.
So, the competitors grudgingly accepted it.
They planned to cool down the situation.
As for following suit and learning, what a pleasant thought! Their properties were not their own; they were taken from other landlords. If the landlords agreed, they would too!
They profited from both landlords and tenants. They were making money and had no reason to do something foolish like this. At this point, they naturally remained silent, waiting for the commotion to pass before continuing as usual.
After using the app to rent out nearly twenty thousand properties, Ding Yun quickly reinvested all her energy into the Shi Group.
She began to continue selling land and properties, and resolving debts.
And she focused her efforts on selling land.