Article taken from: techcrunch.com
Mashroom , the London proptech that offers an “end-to-end” lettings and property management service, has raised £4 million in new funding. Pitching itself as going “beyond the tenant-finding service” to include the entire rental journey — from property advertising, arranging viewings, credit history checks, maintenance, to end of tenancy and dispute resolution — the self-service platform lets landlords list their property, which tenants can then rent easily. […] As an example, Mashroom incentivises tenants to help landlords with viewings at the end of their tenancy by offering a week’s worth of rent as a reward. […] This costs less than 2% of annual rent for landlords, compared to paying 10%+ to an estate agent for finding a new tenant. So we are unlocking financial benefits for landlords and tenants at the same time as giving them more flexibility”. […] Noteworthy, the basic Mashroom service is free for tenants and landlords, with the proptech startup generating revenue via its financial products offering which, along with deposit replacement, includes rent guarantee and other insurance products.
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