Proptech firm RentalStep and how its helping landlords

January 28, 2019
Share this Post: 

There's a company out there offering landlords an opportunity to manage their portfolios, starting at £35 a month. The proptech firm says that their product could lower the changes of agents counteracting the tenants' fees ban in the UK.

RentalStep is that company and it's offering landlords a suite of tools that are not only affordable, but aid in their business, specifically with offerings like unlimited advertising on estate listing sites like Rightmove, Zoopla, and PrimeLocation.

According to RentalStep's founder and CEO, "Landlords' available properties need to be advertised on the major portals and we provide the means to do this for a fraction of the cost of letting through an agent.

"We now know that the ban on fees will come into play from June, so landlords only have five months until their management fees could start to rise as agents look to offset the costs of the ban" the CEO explains.

"What’s more, over the next few months some tenants may delay moving as they consider the impact of Brexit while waiting until they no longer have to pay upfront fees to agents.

"This scenario reiterates why it’s so important to advertise on the major portals as this is where the vast majority of those who do choose to move will begin their search," he says.

Tenants references, credit check centers, payment protection, any agreement forms, rent collection through Direct Debit, and a yearly gas safety inspection are all apart of the service. With RentalStep's elite product, users are also promised storage for any digital files, communication center, GDPR compliance, and maintenance management services.

RentalStep, only a little over a year since its launch, has already accumulated nearly 2,000 landlords and more than 9,000 tenants. 

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference. Mar 19-21, 2019

January 28, 2019
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zillow Housing Data
Zillow Rolls Out AI-Assisted Home Tours Nationwide

Home shoppers across the U.S. can now tour homes virtually using Zillow's free, AI-generated floor-plan tool. Zillow's AI-generated floor plan is...

Read More
Scout24 Boardroom
Scout24 Revenues Grow 15% in Q2 as User Subscriptions Grow to Nearly 300,000

Scout24, Germany's dominant portal, has released its half-year results, with strong performance across the board. Highlights include: Revenue growth of...

Read More
Shutterstock 1356000662
REA Group Smashes A$1 Billion Revenue Barrier as it Capitalizes on 'Buoyant Listings Environment' in FY22

The Australian real estate portal operator REA Group has released its report for the 2022 Australian financial year. Highlights from...

Read More
Shutterstock 502750987
Opendoor Gets Fined $62m, Partners up with Zillow

Opendoor—an iBuying specialist based in the US—has been fined by $62 million by the FTC for misleading customers and posted...

Read More

Editor's Pick