UK PropTech RentProfile, announced today the launch of Onboarding, a powerful new product designed to automate and streamline the set-up and management of new tenancies, powering trust and convenience to agents, landlords and tenants during COVID-19.
Since its launch in 2016, RentProfile has been on a mission to power trust for the rental market, incorporating its unique landlord and tenant checking capabilities. Its client list includes Berkshire Hathaway Homeservices, Jackson Stops and Emoov/Mashroom.
RentProfile’s latest product, Onboarding, aims to support agents by eradicating the need for physical interactions and paperwork, reducing an average 2 weeks of admin time end to end to just 2 days, and as quick as 20 minutes. Traditionally referred to as ‘Tenancy Progression’, Onboarding automates the steps between a prospective tenant indicating they would like to rent a property and agreeing a tenancy, including:
– Tenancy Creation in less than a minute
– Agency Terms & Dynamic Referencing Criteria
– Award-Winning Referencing – twice as thorough compared to traditional referencing
– Electronic Signing of Tenancy Agreement
– Deposit & Initial Rent Payments setup
What sets Onboarding apart from existing products on the market is the way in which the process is automated between steps, dramatically reducing the turnaround time. For example if a tenant agrees to Terms, Referencing Criteria and pays the Holding Deposit they are automatically progressed to the Referencing stage. As tenants progress via a mobile app or web, agents can track each tenancy in the dashboard and are alerted if something requires their attention.
The conditions that COVID-19 has created mean there is an even greater need for agents to streamline time-consuming, repetitive processes like excessive emails, phone calls and paperwork.
Onboarding was recently recognised by Visa Inc, in this year’s Visa Everywhere Initiative Pandemic Challenge, where Kim Kadlec, SVP Global Marketing at Visa announced RentProfile as the “Audience Favourite Winner”, describing it as “clearly a business that fulfils an unmet need”. RentProfile was selected out of an initial pool of 1,300 fintech startups, competing for two winning prizes (Audience Favourite and Overall Winner).
Paul Munday, CEO & Co-Founder of RentProfile added: “With remote work and social distancing, we see a shift in proptech adoption. In taking a process that can take weeks down to just minutes, without the need for physical meetings, emails, calls, we’re adding convenience at a time when the rental market is seeking solutions to help operate in a safer, more streamlined approach.”
Onboarding is available now, and more information can be found at www.rentprofile.co.
RentProfile develops technology that powers trust and convenience for the rental market. Founded in 2016 after one of the co-founders became a victim of a rental scam, the company launched the UK’s first online landlord background check, and later developed a unique tenant checking technology. To date the company has processed over 25,000 tenant check reports for reputable agents such as Jackson Stops, Berkshire Hathaway Homeservices, Savills, Century 21 amongst others. Its latest product, Onboarding, simplifies the set up and management of new tenancies between agents, landlords and tenants. RentProfile’s work has been recognised by GOV.UK and won industry awards from PropertyWeek and Visa.