Reapit

  • FeaturesData protection image
    Features

    Are you ready for the 25th May GDPR deadline?

    How would a fine of four per cent of your turnover affect you? That’s what non-compliance with the new new General Data Protection Regulation (GDPR) could mean. You have until 25th May 2018 to be ready, says Andrea Kirkby.

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  • Latest property news
    Latest property news

    Management buyout at Reapit as founder George Stead retires

    Agent software provider Reapit has been purchased by its management team from founder George Stead, 74, during a buyout in partnership with global tech investment firm Accel-KKR. George (pictured, below) is to retire and, a spokesperson told The Negotiator, has been planning the move for some time and wanted a younger team to lead the business forward. CEO Gary Barker, Sales Director Simon Whale and Client Services Director Matthew Goddard (pictured, above) say they will now have the financial backing provided by Accel-KKR to “accelerate” Reapit’s leading position within the UK and Australian markets for sales, lettings, property management and client accounts software. “This investment will allow us to significantly scale our development capabilities and deliver new and exciting solutions,” says Gary. “We plan to create new technological and digital innovations that will enable our clients to more effectively grow revenues, save costs and address a continually evolving legislative landscape. “Moreover, it will enable us to build on our already strong, market-leading position.” It is a marriage of David and Goliath proportions. Reapit, which was established in 1997 and has many high-profile clients including Countrywide, Savills, Knight Frank, Romans, Marsh & Parsons, CBRE and Winkworth and market-leading positions in the…

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  • Latest property news
    Latest property news

    Shocking research reveals how few online sales leads turn into offers

    Just one in 25 property portal sales leads turns into an offer, it has been revealed by property software firm Reapit. Its research among 1,000 agents shows that of all the internet leads supplied by the portals during the first six months of this year that turned into offers, 5,269 came from Rightmove, 1,330 from Zoopla and 225 from OnTheMarket. Reapit also says a third of online lettings enquiries and a quarter of sales enquiries received from tenants and buyers by agents are ignored by them. These figures are improvements on last year’s report. The number of leads ignored by agents has decreased by 3% for lettings and 4% for sales enquiries since last year. Reapit says the main reason leads are ignored is that over half of online enquiries to lettings and sales agents are made outside business hours and then not actioned when offices re-open. Property portal Peak times for out-of-hours enquiries are during peak weekday evening TV viewing times when Zoopla, Rightmove and PrimeLocation advertise, Sunday afternoons and – for between five and seven percent of leads, during the wee small hours between midnight and 6am. “The lead conversion ratios are a key metric for every agent…

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  • CharityPeter Fenwick image

    Reapit man raises £2316 for Agents Giving

    Peter Fenwick, Reapit’s Sales Manager raised over £2300 for Agents Giving by completing his first half marathon. Peter took part in the Tonbridge Half Marathon...

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  • Features
    Products & Services

    The pros and cons of going for IT

    Selecting the right lettings software is harder than it sounds, says Nigel Lewis.

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