Proptech firm RentalStep and how its helping landlords

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. 

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