Hi @David122 - Thanks for your comment.
The majority of experienced landlords do all the letting and management themselves
This is nearly true in the wider market (50% of landlords don’t use an agent at all), depending on what data you look at, but less so on OpenRent specifically.
This is partly a cost saving issue, but mostly that we don’t trust anyone else to do it properly.
We understand cost is a big factor, especially on the high street. But that’s why we’ve tried extremely hard at OpenRent to keep the cost of tenancy creation (and advertising) to the absolute minimum. For £49 you can advertise your property and set up the tenancy with us (and get access to a whole lot more).
In terms of “doing it properly”, this is a very valid concern. Housing law (and the law more widely that landlords must consider) is extremely complex. It’s also frequently changing. At OpenRent we set up tens of thousands of tenancies each year we see many more edge cases than a single landlord could. We’re acutely aware of law changes, as well as landlord/tenant expectations. This ensures our process, contract, and everything that goes with it is bulletproof.
If you rule out such listings you may be depriving yourself of some of the best landlords around.
Maybe. But it’s understandable why a tenant wouldn’t want to send thousands of £ to a stranger without doing some due diligence. I appreciate some landlords are up front with this (telling tenants to check land registry, providing ID documentation, etc), but it’s hard for a tenant to know exactly where the risks lie.
OpenRent solves this problem with Rent Now, and both landlords and tenants benefit. At least, that’s both the feedback we see and is clear from the # of landlords and tenants setting up tenancies with us!
If you’ve not tried it yet, give it a go… Ultimately the landlord remains in control, and you can always cancel if you don’t like it!