PropTech firm claims new service cuts pre-tenancy adm...

A PropTech provider of inventory services says its new tool will significantly cut pre-tenancy admin for letting agents and landlords.

No Letting Go's software automatically sends a copy of the inventory to the tenant, allowing them to check it in their own time and upload images showing issues they want to put forward.

Once the tenant is happy with the inventory, they can sign it electronically and send it back.

The firm says this level of automation aims “to minimise the chances of confusion, ambiguity and miscommunication.” Both tenant and agent/landlord receive a proof of receipt.

"We're convinced that this service represents the future of check-in reporting and authorisation" says Nick Lyons, chief executive and founder of No Letting Go.

"There is a huge administrative pressure on landlords and letting agents and it is only going to intensify in the coming years. Carrying out the check-in process thoroughly at the start of a tenancy is extremely important for all parties and shouldn’t be sacrificed for the purpose of cutting costs or saving time.

"Therefore, any PropTech solution which can increase efficiency and tick another job off the endless to-do list is of huge benefit.”

Lyons says his service provides agents with a more cost-effective check-in process - increasingly vital when the fees ban reduces agents’ income, and in an era when GDPR makes increasing demands on effective inventory documentation.

"The time saved on administration will provide agents with more opportunities to focus on alternative revenue streams and business growth" Lyons adds.

No Letting Go is the UK's largest provider of inventory services with over 65 offices across the country, offering a range of pre-tenancy, check-in, property management and end of tenancy services.