PlanetRent makes deposit-free renting safe and easy

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Agents and landlords can now offer deposit-free rentals safely and easily with our new lettings platform PlanetRent. The average deposit paid by tenants over the past year sits at £1,299 according to mydeposits. With the earnings of a typical Brit estimated by the Office for National Statistics as £585 a week, most deposits would be more than half a month’s income.

By using PlanetRent, your tenants get a much better deal.  Our partnership with deposit alternative provider Reposit ensures landlords are protected while tenants can move into their new home and avoid putting down a hefty deposit.

Here’s how it works. Renters simply purchase a ‘reposit’, which costs just one week’s rent as a service fee. Reposit then offers market-leading property protection of 8 weeks to PlanetRent landlords – with very little admin and zero risk. PlanetRent landlords can use the service automatically, with all of the information around the tenant and the tenancy contract sent to Reposit at the first instance.

Research by Legal and General reveals that 15% of people have no savings at all, and just under a third have less than £1,500 in the bank. With coronavirus upending the economy, household finances are likely to worsen, underlining the need for solutions that reduce key living costs such as renting.

Landlord Today reports that a survey of more than 4,500 private landlords by the National Residential Landlords Association (NRLA), shows 90% of landlords with tenants who are struggling to pay their rent are bending over backwards to help.

By using PlanetRent with Reposit, landlords and agents can cater to renters whose personal finances have suffered from the disruption caused by coronavirus. The partnership between PlanetRent and Reposit allows landlords to house a greater range of people, including those on lower incomes who can’t necessarily afford a traditional deposit, while staying protected, and those looking for their first job, just leaving education or looking for their first home.”

Mary-Anne Bowring, group managing director at Ringley and creator of PlanetRent, says:Deposits help ensure landlords are protected from any extra damage caused by tenants beyond reasonable wear and tear but for many renters, they are a huge financial burden and will be even more so thanks to the uncertainty caused by coronavirus.”

The partnership between PlanetRent and Reposit takes the pain out of renting. Our new cloud-based platform really is lettings automated – it’s quick, easy and hassle free for landlords and agents and now its deposit-free for tenants too.

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Landlords: we just made compliance easy!

Landlord compliance is complicated.  Regulations around renting a home are many and some come with big fines for breaches. Already this year, anyone letting a home to rent has had to contend with the MEES Regulations and changes to energy efficiency standards, while new rules on electrical safety inspections are coming from 1 July.

A whole series of other regulations such as right to rent, smoke alarms, carbon monoxide detectors and gas safety checks are also down to the landlord to enforce. So we’ve made it easy to keep track of all the latest rules and regs with our newly launched cloud-based lettings platform, PlanetRent.

PlanetRent allows all key documents and files to be accessed virtually. In just one click, all new tenants are provided with legally required documents such as a copy of the Government’s How to Rent checklist and Deposit Protection Scheme details, as well as energy performance and gas safety certificates. This gives landlords peace of mind that every legal box is ticked and helps you avoid compliance-related fines that could cost you as much as £20,000.

Our real-time compliance dashboard tells you exactly what needs doing when:

Property Compliance:  EPCs, Gas safety, HMO Registrations, PAT testing, Passport expiry dates, Deposit certificates, Inventories.

Tenancy compliance:  Right to rent cheques, deposit certificates.

Equipment log:  White goods asset register, meter MPAN/MRPN/SPID No’s , meter locations & serial numbers & boiler maintenance contracts.

PlanetRent automates compliance reports to land on your desk weekly or monthly and/or go direct to your compliance manager or accountant. And best of all, our lettings software means that when the law changes, so do your processes. It’s easy – and it’s automated.

Other competing rental platforms don’t include reports or compliance visibility for landlords but don’t take our word for it. Our killer pricing model means you can pay-as-you-go, and there are no sign-up fees or subscriptions. So why not check out PlanetRent today and find out for yourself how it can save you time, money and hassle – and give you the comfort of knowing that your properties are fully compliant with all the legal requirements.

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How PlanetRent supports buy-to-let landlords

Buy-to-let landlords can now automate their lettings in a just few clicks with PlanetRent

Are you a buy-to-let landlord? If so, you can now manage your rented homes remotely with PlanetRent. Our new cloud-based, automated lettings platform makes the whole lettings process simple and hassle-free.

With social distancing likely to be with us for some time, PlanetRent reduces contact with agents, tenants and contractors to a minimum by automating all the key processes around letting, re-letting, repairs and even marketing. PlanetRent gives small landlords access to Rightmove and Zoopla as well as helping you to easily create your own website to showcase properties.

 In just one click, PlanetRent provides all new tenants with legally-required documents such as a copy of the Government’s How to Rent checklist and Deposit Protection Scheme details, as well as energy performance and gas safety certificates. This gives you the peace of mind that every legal box is ticked and helps you avoid compliance-related fines that could cost as much as £20,000.

 PlanetRent allows all key documents and files to be accessed virtually and enables fully compliant contracts to be generated in seconds. These can then be e-signed remotely.

A tie-up between PlanetRent and Reposit gives landlords the ability to offer properties as deposit-free while giving them eight weeks rent cover. This means landlords can easily cater to cash-strapped renters who want to avoid the financial burden of paying up to five weeks rent upfront while staying protected.

 We’ve also got tenancy renewals covered. In just three clicks, PlanetRent prompts tenants to see if they want to renew. It then automatically markets properties and triggers move-out checks if the tenant chooses to vacate.

Using PlanetRent adds value for your tenants too. So why not make their lettings journey simple and hassle-free. Our new platform gives renters an easy-to-use portal they can access to see everything about their property including floorplans and utility references, as well as their inventory and contract. As documents get renewed, copies are automatically emailed to them and they can request and monitor repairs through the platform too.

 So why not try PlanetRent today? It’s pay as you go, with no need for sign-up fees or subscriptions, making it really easy to check it out. PlanetRent really is lettings automated, so you can still provide your tenants with a first-class rental experience, even in lockdown.

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PlanetRent – lettings are now just a click away!

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PlanetRent is our new automated lettings platform. It’s launching this week to save landlords and agents time, money, and hassle. PlanetRent automates and simplifies lettings by harvesting data and digitising all the key processes, making lettings quick and simple for everyone involved.

 Covid-19 has brought the traditional lettings process to a halt and we’re all having to find new ways of working remotely. So at Ringley, we have reacted fast to the lockdown, bringing forward the launch of PlanetRent, our cloud-based platform that helps landlords and agents cope with the social distancing measures introduced by the government in response to coronavirus.

PlanetRent connects agents, landlords, tenants, contractors, accountants and site staff, each through their own portal, so they can access the data they need, enabling them to carry out transactions from the comfort and safety of their home.

While coronavirus means the government has urged people not to move unless absolutely necessary, as social distancing measures are gradually lifted Ringley expects to see a surge in rental demand. We think households will want to avoid the expense and hassle of buying or selling a home and lenders are likely to tighten mortgage requirements in response to the economic uncertainty, giving renting renewed appeal.

Mary-Anne Bowring, group managing director at Ringley and creator of PlanetRent, says, “Coronavirus has undoubtedly caused huge disruption to the housing market but as the crisis fades we will still be left with the same problem of a rental market stuck in the analogue era when we are in the digital age”.

By automating key functions and replacing a host of existing subscriptions and manual processes, PlanetRent saves landlords and agents considerable time and expense. Read last Tuesday’s blog to check out the detail and find out how PlanetRent can take the hassle out of lettings in just a few clicks.

And if you’re a buy-to-let landlord, come back on Thursday when we’ll be looking at the ways PlanetRent will help support you and your tenants.

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Use PlanetRent on the go – from next week!

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Ringley is excited to announce that next week we will launch our PlanetRent platform, aimed at letting agents, institutions and buy-to-let landlords. Regular readers of this blog will know that for the last few months landlords have been able to sign up to PlanetRent for free via our website. Now we are making it even quicker and easier to use PlanetRent via our lettings automated platform.

PlanetRent gives clients seven key advantages:

  1. Marketing – It’s FREE to list properties to our portal.
  2. Real-time Compliance dashboard:   EPCs, Gas safety, HMO Registrations, PAT testing, Passport expiry dates, Deposit certificates, Inventories – know what needs doing when. The PlanetRent platform also features an equipment log, including a white goods asset register, meter MPAN/MRPN/SPID Nos, meter locations & serial numbers & boiler maintenance contracts
  3. 100% transparency: Landlords/operators can invite agents to the portal, licence them to use marketing assets and watch deals and compliance; preferred contractors can be invited to the portal and keep track of repairs; and accountants can be invited to the panel to access instant reporting.
  4. Our DEALS TRACKER: means paperless, admin free deals on-the-go. Our tracker shows available properties by default (or toggle) and listing contract start & end dates. You can make offers on the go at the viewing, and even produce a contract in less than 10 minutes.
  5. End of lease & renewals: process automated.
  6. Tenant docu-store: Tenants, agents, and landlords can photo report repairs, Contractors are invited to a repair and if the job is not picked up within X hours then the agent/landlord is notified so they can assign an alternative contractor. Tenants can rate repairs: 4* & 5* ratings feed to your landlord website and Facebook and all tenant documents are saved on their login.
  7. Repairs managed – Add your favourite contractors, FAST TRACK repairs via automatic repair routing and job alerts to contractors phones. All parties can track the repair via the logs and you can even adopt or adapt our recommended ‘Service targets’.

Extras for agents

PlanetRent gives you a landlord portal so you can see compliance and track deals. API data is fed into your accounting system, or emails a weekly CSV or rent memo to accounts or we can collect rents by direct debit and account them to you.

Portals for all: 

  • Landlord
  • Landlord’s accountant
  • Agent
  • Invited agent – for ½ comm deals
  • Contractor
  • Tenant
  • Self-employed letting agent

PlanetRent is already connected to all the third parties you need

  • Viewber – for viewings
  • Zoopla – for listings
  • Rightmove – for listings
  • Facebook – for repairs ratings and property ads
  • Evolve – for nationwide inventory services

PlanetRent features Open API technology & ready-made APIs for:

  • Zoopla
  • Rightmove
  • Reposit
  • Facebook
  • Viewber
  • Evolve
  • Tenancy Deposit Service
  • Reposit
  • Sage
  • Xero
  • HMO Services
  • Legal for Landlords

Time is just one of the savings delivered – our platform delivers robust processes that protect you from multiple fines which could cost you up to £20K.

We will tell you more once our new platform has been officially launched so don’t forget to come back and check our blog next week.

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