PADZ.com is a new property rentals portal which has been launched and allows users to advertise and find any type of rental accommodation worldwide. Frustrated with the lack of a professional rental property portal that was open to both agents and landlords, the founders who are both private landlords decided to set about developing their own site. The site was launched in public beta in June 2009 and has now been released in full.
PADZ has been developed from the ground up to provide a flexible platform which can cater for all types of residential property rentals. Properties can be let on a standalone basis, grouped into development blocks, or broken down into individual rooms for rent including flat and house shares. This approach provides flexibility to advertise anything from large institutional landlord portfolios through to individual rooms and even holiday rentals. A calendar for each property and room allows users to set flexible pricing and to manage availability for short lets and holiday rentals.
The PADZ search technology uses a unique global indexing system which allows properties to be listed in any location in the world. Users can also tap in to their social network by promoting properties on Facebook and Twitter.
The founders noticed that they were getting fewer responses from their property adverts on traditional free classified sites as tenants were being turned off by the volumes of spam and scams appearing on these sites. To address this problem, PADZ has been designed with a strong social networking element which allows users to build their credibility and trust online.
Tenants can leave reviews about the property that they stayed in and feedback about the landlord. Similarly landlords can leave reviews about their tenants which can then be used as a reference for future rentals. In houseshares, tenants can check the profiles of the other housemates already living in the property online.
Landlords and agents are charged a daily rate of £0.20 per listing and an initial listing fee of £3. This means that users only pay for the days of advertising that they actually use. PADZ currently offers a free trial with every listing.
PADZ is a property rental network that provides advertising services for landlords and agents to list properties and rooms for rent. The site was initially launched in public beta trial in June 2009. Tenants looking for properties to rent can add their requirements and search for free. The site currently lists properties in over 20 countries and with 40,000 unique visitors per month and rising.
The company was founded by Matthew Wilson, 34, and Thomas Karcher, 35, who are both property professionals and private landlords. Matthew is a chartered engineer by training and Thomas is a qualified architect.