A PropTech supplier claims it can significantly cut the time agents take to do pre-tenancy management and training.

Reapit and strategic partners HomeLet and Let Alliance says this can happen as a result of the full integration of Vision+ into Reapit’s CRM. 

This includes the VISTA tenant referencing solution and specialised pre tenancy management tools. The new integration can be accessed through Reapit’s UI without leaving the platform.

According to Rightmove the average rental property now receives 11 enquiries, more than double the number in 2019. Reapit claims that VISTA completes over 70% of references on the same day, while catching over 150 potential fraud cases per day. The platform uses AI-powered fraud detection, open banking analysis of tenant financial health and payment performance, Experian data, HMRC integration, and national fraud databases, including the Credit Industry Fraud Avoidance System, to vet a prospective tenant. 

Reapit also estimates that across all of the subscription-free services offered by HomeLet and Let Alliance through Reapit, agents can earn up to £300 per property per year. 

“It’s a tough market for our customers, every professional letting agent in the country has their eye on risk management, cost control, and revenue growth” says Mike Dawson, head of sales at HomeLet and Let Alliance.

“Our platform is free to use. It provides agents with end-to-end pre tenancy management, and through our new strategic partnership, will provide that journey within the Reapit platform, removing the need to manage processes across both. Providing optimal value to letting agents is at the heart of what we do. This was very important to Reapit when deciding on who to partner with.”