PropTech startup launches service for landlords

 

PropTech startup RentalStep has launched a service for landlords which enables them to professionally manage their portfolios from just £35 a month.

 

RentalStep is designed to help landlords navigate rising costs and increased compliance obligations and is being positioned as a low-cost alternative to letting agents.

 

 

The premium service is to be launched following the success of the company’s free service and includes a range of benefits including unlimited advertising on Rightmove, Zoopla and PrimeLocation.

 

The service also offers services including tenant referencing, credit check facilities, deposit protection, tenancy agreements, rent collection and an annual gas safety check.

 

Read more: What is deposit-free renting?

 

Landlords will also have access to maintenance management services, document storage, a communications centre, all-important GDPR compliance and premium support.

 

The people behind RentalStep said the company was “created by landlords and tenants, for landlords and tenants. It was born out of the frustration of high costs and poor service from letting agents.”

 

RentalStep was launched in 2017 and is now used by almost 2,000 landlords and over 9,000 tenants.

 

Read more: Landlord confidence in UK economy falls to lowest in five years.

 

PropTech is gaining significant momentum in the rental market.

 

Broadly, it offers technologically innovative products to the buy-to-let sector and looks set to continue to grow as changes to the sector force letting agents and landlords to streamline their business while juggling increased regulations.

 

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20th February 2019