"The profit margins of the nation’s landlords have been continuously dented in recent years due to a string of government legislative changes and, as a result, we’re seeing a higher proportion choose to self-manage in order to streamline management costs"
- Saveli Kotz - Cohab
Landlord software provider, Cohab has announced the launch of a new self-managed platform designed to provide users with a simple, seamless and stress-free way to list and manage their rental portfolio in minutes, streamlining every aspect of the rental management process, including property listings, comprehensive tenant screening, and automated rent collection.
Cohab says that the platform has been designed to bypass the noise of heavy user tutorials, providing a seamless user experience designed to save landlords time and money when managing their portfolios.
The new platform will allow landlords to create customisable listings, including the ability to update property details, descriptions and photos at no extra cost after the initial listing has been created.
The Cohab platform is completely free to use, with the ability to add additional premium features, for example, listing your property on Rightmove if needed.
Up-to-date compliance tools also allow landlords to remain completely compliant in the ever-changing landscape of rental market reforms, avoiding the hefty fines for non-compliance, which are set to rise to a maximum of £40,000 when the Renters’ Rights Bill is introduced.
Additionally, potential tenants can utilise the Cohab platform to secure a rental property on the spot, ensuring that the process of renting is far smoother and faster than before, with Cohab providing the ability to generate and sign contracts digitally.
Cohab’s landlords are also able to log, track and resolve maintenance requests to ensure tenants are provided with fit-for-purpose accommodation, another feature that adds considerable value ahead of the incoming Renters’ Rights Bill and the Decent Homes Standard.
With 64% of landlords already opting to self-manage their properties, the platform has been designed to cut time, effort, and spending required, as well as reduce the process of listing a property and managing it.
“The profit margins of the nation’s landlords have been continuously dented in recent years due to a string of government legislative changes and, as a result, we’re seeing a higher proportion choose to self-manage in order to streamline management costs," comments Founder and CEO of Cohab, Saveli Kotz.
He adds, "The issue is that this can be stressful and time-consuming, requiring them to juggle emails, paperwork and compliance requirements. Time, cost and compliance are the three key pillars that many landlords focus their portfolio around, and with the introduction of the Renters’ Rights Bill this year, the strains of these obligations are only going to grow all the larger.
"Despite this, to date, there has been no real technology offering designed to lighten the load of self-management within the rental sector, with platforms such as OpenRent only serving to address one particular issue."
"We’ve decided to address this issue and, having already built a bespoke property management system, we’ve now driven our innovation of the sector to new heights with the launch of our self-management offering.
"It’s a complete, end-to-end software platform that streamlines every single aspect of the lettings process, ensuring that our users can quickly and seamlessly manage their portfolio whilst also remaining fully compliant.
Kotz concludes, "We’re extremely proud of what we’ve managed to achieve and we can’t wait to see the impact it is going to make on the lettings sector and we’re currently looking for industry partners to help scale our product at speed to bring even further benefit to the nation’s self-managing property owners.”
