HomeRenter

  • Latest property newsWill Handley, HomeRenter, image
    Latest property news

    TripAdvisor for the rental market

    HomeRenter, an online lettings platform, has launched a ratings and reviews service. It enables both tenants and landlords to review each other after one month of engagement and then again at the end of a tenancy.

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  • Latest property news
    Latest property news

    Lettings proptech firm launches ‘TripAdvisor’ for landlords and tenants

    A TripAdvisor-style reviews service that enables landlords and tenants to rate each other a month after the tenancy begins and again when it ends, has been launched. The online service has been created by proptech firm HomeRenter, a residential lettings platform that went live in November last year, backed by a homes developer and with support from a national and regional newspaper group. HomeRenter says it aims to use elements of the TripAdvisor and Airbnb models to “modernise” the private rental market, and says its research reveals that 81% of tenants and 88% of landlords would like to be able to rate each other. “In a connected world, consumers have become accustomed to being able to read ratings and reviews, from holiday lets to taxi rides, to inform all major purchase decisions,” says HomeRenter CEO Will Handley (pictured, above). “In the rental sector, this concept has scarcely landed. Choosing where to live is an incredibly important decision which no-one wants to get wrong.” On his site landlords can rate tenants on the punctuality of their rental payments, behaviour, how they treat the property and how quickly they report maintenance and repair issues. At the end of the tenancy, landlords can…

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    Latest property news

    42% of tenants still unhappy about “excessive fees” despite looming ban

    Despite the looming fees ban due next year tenants say their number one gripe about renting a property continues to be the “excessive fees” they are charged by agents, it has been claimed. Lettings platform HomeRenter says 42% of the tenants it canvassed recently said they were unhappy about the large fees they had been charged, followed by having to chase agents and landlords about repairs (41%) and paying a security deposit (36%). HomeRenter has also made the surprising claim that 90% of landlords would prefer to rent their homes direct to tenants, and that it’s an arrangement 70% of tenants would prefer too. The surprisingly high figures are within research published today by HomeRenter, contradicting recent data from the National Landlords Association (NLA). It recently said 61% of properties were rented through lettings agents, a figure the NLA said increased last year. But HomeRenter says its research also shows that although 88% of landlords are happy with their rental arrangements, half of all landlords are frustrated by both poor service from their letting agent or poorly-behaved tenants. “There is a clear dissatisfaction from both landlords and tenants towards traditional estate agents,” says Will Handley, CEO of HomeRenter (picture, left).…

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  • Latest property news
    Latest property news

    Airbnb-style lettings platform launches for tenants and landlords

    A new Airbnb-style online marketplace called HomeRenter has launched that competes directly with traditional high street and online letting agents with a ‘third way’ business model. Based in London, it claims to be taking an unusual approach to lettings by creating a community where both landlords and tenants talk to each other directly about both properties to rent, and property management. The company says that landlords, once they are registered on the site, create listings on its platform that are then uploaded to Zoopla and Rightmove. Tenants and landlords then use HomeRenter’s website to liaise on viewing times, conduct referencing and sign a rental contract. One unique feature of the site for landlords is that it saves their listings as online adverts which anyone looking for property to rent can register to receive alerts for when the existing tenants move out – effectively ‘bagging’ properties in advance. Unique charging fee The site’s charging fee is also a first for the UK. Landlords pay a yearly subscription which at the moment is £49.99 and includes tenant referencing, 24-hour telephone support, keyholding and an outsourced viewing/keyholding service. HomeRenter says the low price is an introductory offer and after the site has launched…

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