Landlord

Landlord

Award-winning proptech product powers trust and convenience for UK letting agents during COVID-19

UK PropTech RentProfile, announced today the launch of Onboarding, a powerful new product designed to automate and streamline the set-up and management of new tenancies, powering trust and convenience to agents, landlords and tenants during COVID-19.

Since its launch in 2016, RentProfile has been on a mission to power trust for the rental market, incorporating its unique landlord and tenant checking capabilities. Its client list includes Berkshire Hathaway Homeservices, Jackson Stops and Emoov/Mashroom.

RentProfile’s latest product, Onboarding, aims to support agents by eradicating the need for physical interactions and paperwork, reducing an average 2 weeks of admin time end to end to just 2 days, and as quick as 20 minutes. Traditionally referred to as ‘Tenancy Progression’, Onboarding automates the steps between a prospective tenant indicating they would like to rent a property and agreeing a tenancy, including:

– Tenancy Creation in less than a minute

– Agency Terms & Dynamic Referencing Criteria

– Award-Winning Referencing – twice as thorough compared to traditional referencing

– Electronic Signing of Tenancy Agreement

– Deposit & Initial Rent Payments setup

What sets Onboarding apart from existing products on the market is the way in which the process is automated between steps, dramatically reducing the turnaround time. For example if a tenant agrees to Terms, Referencing Criteria and pays the Holding Deposit they are automatically progressed to the Referencing stage. As tenants progress via a mobile app or web, agents can track each tenancy in the dashboard and are alerted if something requires their attention.

The conditions that COVID-19 has created mean there is an even greater need for agents to streamline time-consuming, repetitive processes like excessive emails, phone calls and paperwork.

Onboarding was recently recognised by Visa Inc, in this year’s Visa Everywhere Initiative Pandemic Challenge, where Kim Kadlec, SVP Global Marketing at Visa announced RentProfile as the “Audience Favourite Winner”, describing it as “clearly a business that fulfils an unmet need”. RentProfile was selected out of an initial pool of 1,300 fintech startups, competing for two winning prizes (Audience Favourite and Overall Winner).

Paul Munday, CEO & Co-Founder of RentProfile added: “With remote work and social distancing, we see a shift in proptech adoption. In taking a process that can take weeks down to just minutes, without the need for physical meetings, emails, calls, we’re adding convenience at a time when the rental market is seeking solutions to help operate in a safer, more streamlined approach.”

Onboarding is available now, and more information can be found at www.rentprofile.co.

About RentProfile

RentProfile develops technology that powers trust and convenience for the rental market. Founded in 2016 after one of the co-founders became a victim of a rental scam, the company launched the UK’s first online landlord background check, and later developed a unique tenant checking technology. To date the company has processed over 25,000 tenant check reports for reputable agents such as Jackson Stops, Berkshire Hathaway Homeservices, Savills, Century 21 amongst others. Its latest product, Onboarding, simplifies the set up and management of new tenancies between agents, landlords and tenants. RentProfile’s work has been recognised by GOV.UK and won industry awards from PropertyWeek and Visa.

 

Media Contact Details

Jona Doda, RentProfile
United Kingdom

NLA & Portico Presents the London Landlord Seminar 2019


The most talked about London Landlord Seminar, hosted by Portico in association with the National Landlords Association (NLA), is back on the 20th November 2019.

The key theme of this year’s Landlord Seminar will be ‘Your Money.’

Landlords are the only business to be taxed on their turnover. As they continue to face bigger tax liabilities and increased regulatory costs, this year’s seminar looks at how to make landlords’ money work harder and investments go further.

London’s leading estate agents Portico and Richard Blanco, NLA London Representative, will also provide an update on the rental and sales market in London, plus there will be a chance to network with other landlords, and a detailed panel discussion where property experts will discuss what the abolition of section 21 could bring. Please see the round-up for the evening along with NLA seminar speech topics below.

By the end of the evening landlords will have a clear picture on the London market and some reassurance and guidance on how to plan ahead into 2020. To get a ticket, visit https://www.portico.com/seminar/.

London Landlord Seminar Speech Topics:

London Hotspots & The Housing Market Review | Portico

Where’s hot and what’s not? In an annual review of the state of the capital’s property market, Portico will map out London’s higher and lower yielding boroughs. Portico will be crunching the numbers to pinpoint familiar and lesser known hotspots, and this year they have a focus on promising localities for higher yielding HMOs.

Getting the Best Mortgage | Jane Simpson, Director, NLA Mortgages

Stress tests and corporate structures have made refinancing increasingly complex. You can borrow a little bit more with a 5-year fix from “vanilla” buy to let lenders, but should you be capital raising healthier sums with the new cabal of expensive specialist lenders? Limited company mortgages are often subject to lower stress tests, does that merit forgoing cheaper personal products? Meanwhile with Brexit and economic uncertainty possibly affecting interest rates, should you re-mortgage to a tracker or to a fix?

Flourish in the New Tax Regime | Mark Stemp, Partner, Crowe UK

Most of us have come to terms with the section 24 finance changes that prevent us from setting all of our finance costs against our rental income. Is there anything else you could be doing to mitigate the impact? How clear are you about the tax pros and cons of limited company and/or personal ownership of property?

Policy & Regulatory Briefing | Meera Chindooroy, NLA Head of Policy

Our annual digest of all of the most up to date policy nuggets in a lively presentation from the NLA’s policy expert, fresh from regular meetings with senior government officials where Meera does her very best to champion your cause.

Panel Discussion – After Section 21

Meera will be joined by Robert Nichols, Director, Portico
Qasim Bandali, Senior Practitioner, Thames Reach

All three main political parties and many housing charities say they wish to see an end to no fault eviction. Research by Capital Economics for the NLA tells us that the abolition of section 21 could cause the private rented sector to shrink by 20%. This would result in rising rents and – as landlords become choosier about who they will accommodate on unlimited tenancies – even fewer properties for tenants claiming benefits. What could the future look like without section 21 and is the end of no fault eviction inevitable?

Tickets are £25 or £10 if you’re an NLA Member with your promo code. Click the link to buy tickets: https://www.portico.com/seminar/

Arrive 6.30pm for 7pm start until 9.30pm on 20th November 2019
Institute of Directors, 116 Pall Mall, London, SW1Y 5ED
Nearest Tubes: Charing Cross, Piccadilly Circus

If you have any questions about the event, please give Portico a ring on 0207 099 4000.

About Portico
Portico is an award-winning estate and lettings agency offering a range of services, including Portico Handyman, Portico Housekeeping, Portico Host, Airbnb management services and Portico Finance. It has 15 offices throughout London zones 1-4 and opened in Liverpool and Manchester in February 2019. The firm prides themselves on their knowledge-driven approach, delivering high quality advice in an approachable manner. www.portico.com

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