By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards


New platform for landlords threatens to by-pass letting agents

A new fixed-rate platform has been launched that says it will save landlords thousands of pounds in management fees.

Rentd claims to find and secure tenants for landlords for £799 including VAT, only payable once let - it claims this is roughly half the typical agent’s commission of £1,750.

Rentd says it offers what it calls “an end to end experience, utilising revolutionary technology to save landlords and tenants time, while creating greater certainty and reliability.”


It boasts what it believes to be a more specific and tenant-friendly search experience, being searchable by property feature and by amenity - even by broadband speed or whether a cleaning or linen service may be included. 

It offers a 3D Virtual walkthrough for each listing, details on commuting, a feature allowing prospective tenants to arrange viewings by automated appointment diary 24/7 plus an opportunity for tenants to secure properties immediately via the platform after a viewing.

It also offers tenant referencing, Right to Rent checks, and the automatic completion of a lettings agreement sent to all parties for electronic signature.  The deposit and initial rent and then paid electronically via the Rentd platform 

The platform has raised £250,000 based on a valuation of some £5m and its current London-only service is set to roll out across the UK and internationally as a result of the fund-raise.

Rentd cites one high-end landlord currently using its services who saves an estimated - and eye-watering - £85,000 through letting his eight bedroom central London home via the platform. It typically attracts a rent of £71,500 a month.

Founder and chief executive Ahmed Gamal says:  “Up until now, the process of completing a rental transaction from start to finish has been protracted and clunky for both the tenant and the landlord, with it taking a considerable amount of time and effort to gather the fragmented components required from both parties.

“We’ve spent three years developing the Rentd proposition in order to change this and the result is the UK’s first rental platform combining these various components into one super slick user experience. We’ve been sure that this approach is focussed as much on the landlord user experience as it is the tenant and not only does it take the pain out of finding a tenant, but they also save a considerable sum in agent commission.”

  • icon

    No, they won’t. Agents are safe from this “game changer”. Their website was pulled to pieces on PIE yesterday.

  • icon

    UPad did well

  • Kristjan Byfield

    There are approx 1m self-serve landlords in the UK the question is- how many of those will be willing to pay these sorts of fees? On the flip-side, the 1m landlords who use agents broadly understand the value agents deliver and want the reassurance of a human on the phone or a shop on their high street. This market is already dominated by Open Rent and there are many other suppliers in this space from new starters such as PropertyLoop to mashroom and of course the likes of PB. Challenging market indeed.

  • jeremy clarke

    Sign me up for the £1750 per let please. Where do these figures come from?

  • Roger  Mellie

    Good for self-serve landlords who think cheap is value for money. With so much regulation in lettings, only a fool would go for a tenant-find service.

  • icon

    there has always been those landlords that want cheap fees and those are the landlords that good agents don't necessarily want to deal with as they will want to cut corners throughout a tenancy which does not bode well for a good working relationship for agent, tenant or landlord. With the legislation changing on an almost daily basis are these people even qualified to deal with all the red tape.

  • Paul  Conway - Yuno CEO

    Yuno is a tech-based platform, so we are all for new tech. However, we work very closely with agents and I believe they are essential for a balanced market.


Please login to comment

MovePal MovePal MovePal
sign up