Proptech
News focusing on new technological solutions which create efficiencies and cost-savings for estate and letting agents and the wider residential property industry.
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Website that enables tenants to rate landlords and agents goes live
A Bristol-based website that claims to be a TripAdvisor for tenants by enabling them to rate landlords, letting agents and property has gone live with ambitions to launch in the US, Australia and New Zealand. The site, MarksOutOfTenancy.com, asks tenants to rate their landlord, property and area and also leave brief details about their experiences. It asks tenants to rate the heating, décor and furniture, utilities, structural qualities, soundproofing and heating system, each out of ten. Marks out of Tenancy then publishes summary pages for each property and names both the tenant and how long they have rented the property, and the landlord. Rate letting agents The site also enables tenants to separately rate letting agents, marking them out of ten for communication, speed, quality of repairs, value for money, attitude and check in/check out abilities. Both landlords and agents will be able to respond to their reviews, whether good or bad, the site says. Marks Out Of Tenancy has been under development for two years and was founded by Bristol-based Ben Yarrow (picture right, top) and Tom Dickinson (below), who say the idea came to them after a “negative experience” with a local landlord. The pair found that while they…
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Proptech student rental app wins £185k funding in 24 hours
A new app that claims to “revolutionise” the way students find and choose homes to rent has raised £185,827 for its proptech developer within 24 hours of launching on a crowdfunding site. SPCE, which describes itself as the Airbnb of student accommodation but within the longer-term rental market, has raised the money via platform Seedrs. The seven-month-old company says it is well on its way to raise the total of £215,000 it has asked for in return for a 17.99% equity in it shared among the 68 people who have invested so far. Landlords and students SPCE says it will bring landlords and students together on one platform and enable them to “rent out or search and pay for university-specific student rental properties based near campuses, without using estate agents” it says. Founder and CEO Leon Ifayemi (pictured, left), says: “I got the idea for SPCE when I was at university and I had a job which involved me taking students to view properties near the campus. “Getting the backing of early investors feels like a ringing endorsement of the app and what we are trying to achieve. It comforts us in the belief that SPCE fills a gap in the…
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