Ringley Group launches automated lettings platform PlanetRent Information Age
14/09/2020
Author : Mary-Anne Bowring/Information Age
Ringley Group launches automated lettings platform PlanetRent Information Age
PlanetRent from Ringley Group looks to reduce the time and money letting agents spend on administrative and governance tasks. Agents and landlords can face fines of up to £20,000 due to incorrect governance practices such as incomplete documentation, but automating these aspects can ensure that tenants receive the five documents required by law, and that safety certificates are up to date, among other measures. Real-time reporting keeps buy-to-let landlords and build-to-rent institutional investors update on the performance of their portfolio. The new platform connects landlords, agents, tenants, contractors, accountants and site staff by allowing access to a centralised portal, which houses legal documents, floorplans, property photography and other relevant resources.
This will allow landlords and agents to transact from the comfort of their own home, which could useful in the case of a potential second wave and lockdown in the UK. In addition, PlanetRent can be integrated with existing accounting software, such as Sage and Xero, as well as being able to act as an outsourced accountant in itself, which can help agents save even more money.
“Institutional investment is rewriting the rules of the rental market while consumers are demanding landlords provide more than simply a flat but genuine customer service too,” said Mary-Anne Bowring, group managing director at Ringley and creator of PlanetRent. “For agents to remain competitive, they have to be on the top of their game and focusing on what really matters, which is driving deal flow, managing sub-agents and all the pieces in the process to deliver an enriched but simplified, seamless tenant journey.
“ "PlanetRent standardises, automates and simplifies the lettings process so backroom tasks can be automated as well as key areas like marketing, the tenant journey, distribution of information and reports, and compliance, allowing even smaller agents to become like a mini-Foxtons with a centralised admin department allowing staff to focus on revenue-generating activity.” The latest residential market survey from the Royal Institution of Chartered Surveyors (RICS) showed renewed confidence in the rental market, with lettings agents reporting higher tenant demand and more buy-to-let landlords advertising properties.
Aaron Hurst: Ringley Group launches automated lettings platform PlanetRent
info@planetrent.co.uk
0208 0599 550 (for sales)
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.