London Town
Image Source: August Brill
Rebecca Wayman

Landlord management platform launching to help people find new homes

Soon-to-launch online lettings community Mashroom is set to change the way tenants find their next home in large cities.

Landlords can fill their vacant properties, including outgoing tenants being paid to find their replacement. rewards outgoing tenants with up to one week’s rent for liaising with prospective renters and carrying out viewings.

Using Mashroom is said to have benefits for landlords, particularly ease, cheaper fees, increased communication and reduced void periods.

Stepan Dobrovolskiy, Mashroom’s founder, said: “By redistributing platform income to tenants and saving landlords money, Mashroom creates an integrated community that will produce a behavioural shift in the way people find and let their properties in large cities.

“The current system of tenancy changeovers can be expensive and slow with a lack of transparency and communication between landlords, tenants and intermediaries.

“By getting the outgoing tenant involved in the process, and rewarding them for doing so, we feel our lettings community provides a much-needed solution to a long-standing problem.”

Once a change in tenancy has been confirmed, the landlord can instruct Mashroom at which point either the landlord or the existing tenant can upload property details and images - which have to be approved by the landlord - to the online platform.

Next, Mashroom will advertise the property on the major portals. The outgoing tenant can then manage enquiries and viewings with interested parties on the Mashroom platform, who will then be able to make an offer to the landlord.

Stepan added: “Not only does Mashroom save landlords money while rewarding departing tenants, it also speeds up the rental process for all parties and allows the incoming tenant to gather key information from someone who has already lived in the property.”

Mashroom also has plans to provide landlords with a range of property management services at a fraction of the cost of traditional high street letting agency fees.

Mashroom’s goal is to create a product that allows landlords to retain more of their income.

It charges landlords just a flat fixed upfront fee of £149 which covers advertising, offers, agreement, deposit registration, tenant referencing payment and first month’s rent collection.

Mashroom is launching soon and is currently inviting landlords to help trial its system at no cost before general public availability.

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