Proptech RentalStep has debuted a portfolio management service for landlords. Priced from £35 ($46) per month, the model is much cheaper than using a letting agent, and is an upgrade from RentalStep's free service. The company says it will be offering its services to landlords in London by the end of this year. The proptech service could enable landlords, who are subject to increasingly onerous and costly compliance requirements, to reduce their overheads. The proptech currently has around 2,000 landlords and 9,000 tenants as users.
Proptech RentalStep has debuted a portfolio management service for landlords. Priced from £35 ($46) per month, the model is much cheaper than using a letting agent, and is an upgrade from RentalStep's free service. The offering includes unlimited advertising on online estate agent portals, access to tenant references and credit check solutions, maintenance management services such as gas safety checks, GDPR support, rent collection options and deposit protection. The proptech service could enable landlords, who are subject to increasingly onerous and costly compliance requirements, to reduce their overheads. The proptech currently has around 2,000 landlords and 9,000 tenants as users.