Two new online landlord platforms have announced a bid for investors to give them a foothold in a market already crowded with start-ups.
Newcomer Clooper has started crowdfunding, while one-year-old RentiD is about to announce a similar offer.
They’ve joined the dozens of similar proptech companies trying to sign landlords up with promises of an easier life online, away from high street lettings agencies.
Last year saw a raft of start-ups including Kiko, Herddle and Hammock all join the market, along with PlanetRent, which automatically monitors rent collection, tracks payments and expenses and provides live analytical reporting.
Many platforms have an uphill battle to get landlords to sign up and so far, only Arthur and Planet Rent – both property management platforms – have made the big breakthrough into the PRS. Arthur was recently bought up by Aareon Group, a social housing tech firm 70%-owned by a German bank of the same name.
Clooper’s property management platform connects landlords, tenants, trade services and homeowners to facilitate easy transactions and also enables smart notifications and secure payments.
It aims to help with making move-ins quicker, repairs faster, communication and payments easier, and was inspired by his own struggle with paperwork as a landlord, explains founder Toks Adebiyi (pictured).
The start-up won investment from Paul Rothwell of Empire, a large residential landlord, who’s pledged £200,000, and is now after another £200,000 from private investors via Crowdcube.
Meanwhile, RentiD can market properties, manage money, invite tenants to store documents, helps landlords keep on top of their to-do list, and helps tenants resolve simple maintenance issues and report problems.
It promises that it’s more than an online letting agent, as landlords get preferential access to leading legal, financial, property management and lifestyle service providers.