PropTech service Propoly says it’s handled £50m of rental transactions so far this year.
Propoly - launched in 2020 and boasting early backers including Foxtons, and Connells/Countrywide - allows the management of rental portfolios, automating and digitising the entire property rental process including check-in.
In recent months it signed contracts with more than half of the 300-plus newly created LSL franchised branches.
In a bullish statement this week marking the milestone the supplier says: “The bulk of that £50m was processed through the system outside of normal office hours.
“When we hear agents complaining about the burden of admin, compliance and the time taken to progress a tenancy, we hope that they’re just getting frustrations off their chest.
“If they really are passive, plodding on, and ignoring the evident truth that digital technologies offer the solution, that’s a problem. Today, being tech savvy is a key part of a successful agent’s skillset and delaying adoption simply holds an agency back.”
It says that in 2024 it anticipates some £100m being processed through its system.
Over half of the agency branches sold to franchisees by LSL...
A PropTech lettings platform boasting investment from the Foxtons agency has...
A new PropTech platform backed by Countrywide and Foxtons says it...
Prime London’s housing market lacks its usual seasonal spring bounce with...
We all know that first-time buyers have had a tough time...
There was a long-awaited return to the House of Commons this...
Last weekend a story by The Sunday Times’ Deputy Political Editor...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
Attention estate agents: if you're looking for a bumper Christmas bonus,...
Houses in Multiple Occupation are making up an increasing percentage of...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
Michael Gove’s Department of Levelling Up, Housing and Communities hit back...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment