If you’ve stumbled across my blog today, you’ll be able to see that I’m pretty involved in this thing called Proptech – an entrepreneur in fact! To those that haven’t heard of this term before, it may wash over you as just another new buzzword to come out of our growing digitally focused age. Let me explain this ‘buzzword’…
Propetech (or #proptech) stands for property technology. It refers to innovative technological advances that have developed to help the property market thrive, offering relevant and useful solutions for people involved in it at all levels. Examples of proptech include online estate agents, apps that can source a removals van in your area and fully integrated landlord management solutions. My startup, No Agent falls into the latter category. It’s about time that the tired and old fashioned housing rental and buying market was catapulted into the modern world. Proptech is doing just that.
Now we’re clear with what proptech is, let me show you some of the most exciting businesses that are operating in this fast-moving sector…
Once you’ve signed a contract on a new home, physically making the move can often be the most stressful part of the process. Buzzmove makes it as simple as three easy steps, instantly connecting its customer’s removals companies in their area that are appropriate for their requirements, for the best possible rate. Buzzmove has proven to be so successful that it just secured £6m in seedfunding!
The rental market continues to boom, with many people choosing to live in shared accommodation with friends, or sometimes with strangers. No matter how close you are to your roommates, the issue of who pays for what can often cause unnecessary dispute. However, bills must be paid and Splittable can help to put arguments at bay, clearly managing and allocating household expenses in an easy to use app.
Paying a tenancy deposit is expensive, and stressful. Generation Rent need a better option. By developing trust, automation and financial innovation, Reposit provide a service that lowers this cost making moving and living easier and more affordable. A simple fee of one week’s rent waives the deposit taking proess. Tenants remain liable, but if they fail to pay Reposit cough up. You may ask why would tenants bother to look after the place if their liability is limited? Many people will rely on renting for extended periods for various reasons. Therefore, a CCJ, or bad landlord reference could hurt the tenant for years. It’s in the the tenants interest to look after your home and then they get to use Reposit all over again in their next rental.
It would be rude of me to write a post about the most exciting proptech companies and not even include my own! Let me introduce you to No Agent, an easy to use rental platform for modern landlords. We take care of every step of the property management process, from advertising your property to administration and paperwork, even supporting our clients with our 24/7 support. We are aware of how frustrating it can be for landlords to deal with a property manager, which is why we created ‘No Agent’ to transform the way that landlords rent their properties, for good. Get started with full property management on your behalf for a maximum of £39 per month.
These four companies are just at the tip of the proptech iceberg, as this exciting industry continues to grow with more and more developments every day. Now you know what proptech is, do you use any of the apps and services to come out of this sector?
Do you know some even more incredible proptech companies that I should add to my list? I’d love to hear your thoughts on #proptech!