Tansler Launches Vacation Rentals Marketplace Where Renters Set Their Own Price in 24-Hour Reverse Auctions

'Their Place, Your Price™' platform enables renters to save up to 60% off the listed price.

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Our approach eliminates the inefficiencies of the traditional rental model by creating a transparent marketplace where everyone has the same information, and supply and demand determine price and drive transactions forward.

New York, NY (PRWEB) October 15, 2013

Tansler, the vacation rentals marketplace where renters can set their own price and complete bookings within 24 hours, today announces its launch in public beta. The company also announces today a seed funding round of $800,000 led by strategic private investors including Ken Hamlet, former CEO of Holiday Inns Corp.

On Tansler, renters can select multiple properties that meet their criteria and name their price to start a reverse auction that ends when the first host accepts the offer, or after 24 hours. All transactions on Tansler are binding for both renters and owners, and there is no cost for owners to list their properties. (Once a booking is completed, owners pay a service fee of 3% and renters pay a fee of 6%.) Listings on Tansler are also non-exclusive, so owners can list properties on other websites and with real estate brokers.

The Tansler iPhone® app, available for download on the iTunes® store, also goes live today to enable renters and owners to view and complete bookings on-the-go.

“Whether you rented a property online today or a hundred years ago, you negotiated through a series of one-to-one closed discussions, which leaves renters in the dark and wastes time by requiring duplicate private conversations. And too often, it does not result in a deal,” said Jeremy Bernard, CEO and Founder of Tansler. “Our approach eliminates the inefficiencies of this model by creating a transparent marketplace where everyone has the same information, and supply and demand determine price and drive transactions forward.”

About Tansler
Based in New York City, Tansler enables renters to set their own price for properties and book them in 24-hour reverse auctions. Founded in September 2012 by Jeremy Bernard, Tansler aims to make the rentals booking process simpler, faster and more transparent. For more information, please visit http://www.tansler.com.

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