Your Home: Rentd

It’s a perennial headache for both landlords and tenants – the hassle and stress of renting a property. A dynamic new app is seeking to dramatically change these old-fashioned issues with a service which is safe, secure and seamless. Rentd is a new app, now available to download for free on the Apple app Store, and allows users to search, view and conclude the entire rental process in a matter of days, rather than weeks.  

It’s no wonder that the rental market is getting a refresh. In the UK, private renters account for 20% of all households, and the number of households in the private rented sector in the UK increased from 2.8 million in 2007 to 4.5 million in 2017; an increase of 1.7 million 63% households. Furthermore, it’s a high-turnover market with 62% of households in the private rented sector in the UK spending under three years in the same accommodation, and only a small proportion (4%) staying in the same residence for 20 years or longer.

In order to address the stress and time-consuming nature of renting, the Rentd app has a number of special features. Landlords pay a one-off £799 fixed fee for a comprehensive listing of a property and once a tenant selects their property, decisions can be made quickly with real-time negotiation; where Landlords have the opportunity to accept, decline or counter-offer a tenant’s bid. 

For tenants, the process is also simple – there are no fees whatsoever to use the app. The cutting-edge 360 technology by Matterport allows renters to virtually walk-through a property. If required, all in-person viewings are managed by Rentd, and all credit checks, referencing, digital signing of rental agreements, and a full inventory along with an inventory clerk check-in are provided. The app also has Reposit built-in, meaning tenants can pay efficiently ‘in app’ and pay one week’s non-refundable deposit, instead of the traditional six week’s deposit. 

As a PropTech start-up business, Rentd is the brainchild of property and branding duo, Ahmed Gamal and Lawrence Hansford. After three years of development, they feel that there has never been a better time to shake-up the market and remove the shackles of the historical way that residential property rentals still operate. 

Ahmed Gamal, Founder of Rentd comments: “We’ve all seen how technology has helped the property industry in recent months, but we believe that the Rentd app will accelerate the desire from landlords and tenants to modernise the rental process even further. The Rentd app manages transactions in a way that we might be familiar with when using Uber, eBay, or PayPal; these are all breakthrough examples of businesses which have disrupted the status-quo and have brought greater ease and confidence to their respective sectors.”

Gamal continues: “Of course, there has been a lot of talk about pent-up demand as the property market re-opens, but we have felt this first-hand, with landlords and tenants frustrated by the traditional process of getting their property rented or having to jump through lots of hoops to find a property which suits them, often taking months. At its fastest, from listing to credit checks and agreed offers, landlords and tenants can be matched in less that 6 days.”

Despite the property market freeze due to COVID-19, since coming online in March 2020, the Rentd app has seen users grow exponetially; as property owners and renters have used the time to plan their next move. 

Visit www.rentd.co.uk to learn more or download the Rentd App via the App Store to list a property or find your next home, with peace of mind and efficiency.