Using Open rent

[LOVELYDOVEY05]

Thinking about using this service. Do any landlords have an advice on this? Thanks

We use it for our place in London, which we're renting out. Have used it for a year. We find the service great for getting the listing set up, and all the contracting etc. We did our own viewings and have someone to effectively manage it and do maintenance so not sure what you're planning on that side of things? It costs us so little, it was a no brainer compared to the agency fees.

What are your concerns?

I saw it costs something like £5O for them to advertise reference etc that I thought there must be a catch at that price given what L A charge. On the other hand it must be attractive to tenants as they pay little or not fees Is that correct?

Yes, tenants also pay very little.

We use them and it has been great. So far anyway- 6 years now, 3 different tenants.

That’s pretty much it. I’ve used them for my properties for the last 18 months. Tenants prefer it and as a landlord, I’m converted. Letting agents are money for old rope. I can send you a discount link if you PM me.

The only thing I’ve noticed is that the credit referencing is very risk averse. I’ve switched existing tenants in professional jobs over and Openrent flagged then as high risk despite them having paid rent on time etc. previously.

I've used it as a tenant and would again if I was looking to rent.

The £50 is real. I've used it for two tenancies. Can't fault it. If I was a tenant it would be a no-brainer to use a landlord advertising on there as you don't have to pay fees apart from £20 for a credit check, and even then some landlords don't even ask for that (I don't understand why you wouldn't though).

I wonder how they make money though?