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OpenRent
Wf0ast
Posts: 2 Newbie
Does anyone have any knowledge or experience of OpenRent? Looking to become a landlord for the first time.
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Comments
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As an agent? As a tenant finder? for arranging gas safe?Only used em for a gas safe, good, but contact you repeatedly for selling services.Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.0
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As a Tenant finder. Due to the incredible small fees charged (all in) I'm dubious about how 'secure' the agreement is, ie is it legally binding? What happens if tenant doesn't pay? Looking at what they offer is it a case of too good to be true?0
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There isn't an agency in the land that can ensure the tenant pays.
What they do is some sort of financial check, usually just the public registers for CCJs and insolvency, and some ask for employer references and bank statements or check payslips.
If you've have not made a mistake, you've made nothing0 -
Yes, its essientially a platform for advertising and the initial communications. You still have to do 95% of the work yourself, including pictures and adverts, negotiating with the prospective tenants, checking references, signing contracts, providing all the certificates, deposit protection, inventory, keys handover, managing repair issues, negotiating rent increases, check out, assessing repair costs and deposit deductions, etc etc.
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