Our friends at Pad believe that the future of rentals comes from maximising your margin with low time and cost commitment, while ensuring long-term protection via insurance.
According to this tech savvy bunch, you’ll no longer have to take risk or get your hands dirty in order to make a reasonable margin. They also believe that due to quicker and more detailed verification, finding the best tenants (who pay well and have zero risk) is now easy and cost effective. The future seems to be digital, transparent and secure.
Pad is the UK’s first fully mobile lettings agent. We’ve checked out their market comparison and it would seem they are the lowest cost lettings service in market and that their dynamic tech could make you the highest return.
We are moving into an age where all of the grey areas in the rental exchange are removed by innovative products which look to solve conflict and pain points for everyone involved. The removal of grey areas has been achieved by Pad, primarily through their clever insurance policy which they’ve created in collaboration with A rated RSA. Insurance means that if issues arise then this is paid for by the underwriter and so damage can be fixed, rent can continue to be paid and key maintenance can be carried our quickly, without anyone loosing out. After all, Insurers like to deal with the risk we don’t like to.
As we all know, risk is a key element involved in the lettings game and Pad believe that slick mobile technology and high level tenant vetting will facilitate a smoother and less risky exchange. Pad want their members to be “less squeezed” so they have more money, more time, more happiness and less stress. Pad reward their renters for being trusted and this happiness is transferred throughout their “rental ecosystem”.
Pad use their happy landlords to refer other landlords. According to some of these landlord ambassadors, it’s possible to; list your property, find tenants, have them shown, complete on the tenancy contracts and move them in without moving from your chair. Maximum margins without “lifting a finger” sounds attractive…Actually come to think of it, you will need to lift one finger to use their digital platform.
You can find the Pad team at the future prop tech conference on Thursday 4th May at Victoria House London. Pad are sponsoring the “hackathon”, which seeks to find the next exciting tech solution for generation rent. Alternatively, they have a live chat on their website, with someone nice, young and friendly waiting to talk.