PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

Openrent

Wanted to share my thoughts about Openrent.
Seem like a economical system to use.
I noticed that Openrent threaten to cancel adverts without good reason at times. 
«1

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you used them ?
    Why economical ! For who ?
    How are landlords checked ?
    How are tenants checked ?
  • MovingForwards
    MovingForwards Posts: 17,138 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Praise, vents and warning board might be better, if you go into more detail.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • oldbikebloke
    oldbikebloke Posts: 1,096 Forumite
    1,000 Posts Name Dropper
    Wanted to share my thoughts about Openrent.
    Seem like a economical system to use.
    I noticed that Openrent threaten to cancel adverts without good reason at times. 
    your thoughts?
    from what perspective?
    plenty of others have already given their thoughts .... if you use the search function 
  • seatbeltnoob
    seatbeltnoob Posts: 1,357 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    as a rentor I find openrent prices to be higher than some lettings agents. I'm looking for properties to rent right now, zoopla and rightmove have plenty of 2 bed houses to rent in barking for £1200. But openrent, you're only going to find flats at those prices, houses are £1400+
    The photos on openrent are terrible, messy cluttered houses. Makes me not want to go and look at all. The lettings agent do a much better job.
  • GDB2222
    GDB2222 Posts: 25,993 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I used them once to advertise my mother in law’s house. I very quickly found a tenant, and to reflect the low fees, the rent offered was significantly lower than had we been using a normal agent. 

    Yes, the photos were taken by me, but they gave an honest view of the house. 


    No reliance should be placed on the above! Absolutely none, do you hear?
  • blue_max_3
    blue_max_3 Posts: 1,194 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't think you can generalise. Just like selling your home, there are various options and all can exist in the same market.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts First Anniversary Name Dropper
    edited 29 April 2020 at 9:05AM
    as a rentor I find openrent prices to be higher than some lettings agents. I'm looking for properties to rent right now, zoopla and rightmove have plenty of 2 bed houses to rent in barking for £1200. But openrent, you're only going to find flats at those prices, houses are £1400+
    The photos on openrent are terrible, messy cluttered houses. Makes me not want to go and look at all. The lettings agent do a much better job.

    Yes, I agree!   Instead of just being happy that they are saving the 10%+ a month that would go to the estate agents, a lot of landlords advertising for tenants on OpenRent think it entitles them to an even higher rent!

    So a London flat that would be listed through an estate agent for £1350 on RightMove gets listed on OpenRent for £1500 or more renting direct from the landlord.

    If you were seeing the flat listed for £1200 then it would make sense for renters who would see that the saving was being passed on for mutual benefit.  But the greed of the owners scuppers the usefulness of the platform, in my opinion! 

  • GDB2222
    GDB2222 Posts: 25,993 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    That is weird. As I said, we advertised on OR for less than agents said we could get.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • wesleyad
    wesleyad Posts: 754 Forumite
    Part of the Furniture 500 Posts
    Yes, I agree!   Instead of just being happy that they are saving the 10%+ a month that would go to the estate agents, a lot of landlords advertising for tenants on OpenRent think it entitles them to an even higher rent!

    So a London flat that would be listed through an estate agent for £1350 on RightMove gets listed on OpenRent for £1500 or more renting direct from the landlord.

    If you were seeing the flat listed for £1200 then it would make sense for renters who would see that the saving was being passed on for mutual benefit.  But the greed of the owners scuppers the usefulness of the platform, in my opinion! 

    What you might be seeing is a reflection of the ignorance of the LL compared to the LA (it's not often I stick up for a LA!). In general the LA is going to know the market and price it to get it shifted. The LL may not know the market, or be willing to wait longer. 

    Or it could be they LL is right and they could get more money. You say that's greed but I cant think of any reason why someone wouldn't try to get the maximum price for something? It's not a charity. I was quoted 525 for one of my lets from 2 local LAs, I decided to go my own way and price it at 625 and had 4 offers in the first week. Anecdotal at best, but I dont think I did the wrong thing. Others have been the same or lower than LA quotes. Its really a lottery
  • To be fair it could also be the case that the £1500 flats on OpenRent have had fortunes spent on them, compared to the the £1350 ones on Rightmove.  
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 255.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.