OpenRent

OpenRent Ltd
Private
Industry Letting agent, Real Estate, Technology
Founded 2012 (2012)
Headquarters London, United Kingdom
Key people
 Darius Bradbury (Founder)
Adam Hyslop (Founder)
Website www.openrent.co.uk

OpenRent is an online letting agent and property service provider, founded in 2012. It is a UK-based startup company focused on technological solutions to property rentals.[1]

History

OpenRent was founded in 2012 by two Oxford graduates, Darius Bradbury and Adam Hyslop, after experiencing the difficulties as both private landlord and tenant in the UK property market.[2]

Following a multi-million pound TV, newspaper and online media spend,[3] in January 2015, OpenRent became the largest letting agent in the country, letting over 25,000 properties annually.[4][5][6]

OpenRent explicitly bans admin fees and agent fees for all their properties.[7]

Investors include Northern and Shell who invested media for an equity stake in June 2014.[3][8]

Notable users include Victoria Whitlock, the self-titled "accidental landlord".[9]

OpenRent was the first company to facilitate an entire rental transaction, including contract signing, deposit registration and rent collection completely online (2012).[10]

Operations

OpenRent is run from a central office in London. It is a member of the The Property Ombudsman[11] and the Tenancy Deposit Scheme (England and Wales).

References

  1. ↑ "Efficiency: OpenRent". The Guardian. Retrieved 9 December 2015.
  2. ↑ Renshaw, Rosalind (10 May 2012). "New lettings service lets landlords list on Rightmove for £20". Letting Agent Today. Retrieved 8 December 2015.
  3. 1 2 O'Hear, Steve (Aug 18, 2014). "Online Renting Service OpenRent Scores Media-For-Equity Deal From Northern & Shell Ventures". TechCrunch. Retrieved 8 December 2015.
  4. ↑ Burn-Callander, Rebecca (8 Dec 2015). "easyProperty raises £25m warchest to take on estate agent rivals". Telegraph. Retrieved 9 December 2015.
  5. ↑ Real Estate Pundit (September 14, 2015). "Who Is The Best Online Lettings Agent?". Real Estate Pundit. Retrieved 8 December 2015.
  6. ↑ Twilio. "Fast and efficient communication between landlords and tenants.". Twilio. Retrieved 8 December 2015.
  7. ↑ Rampen, Julia. "Sick of letting agent fees? 5 ways to rent directly from a private landlord". Mirror. Mirror. Retrieved 8 December 2015.
  8. ↑ Clawson, Trevor (29 August 2014). "It's Not All About The Money - Trading Equity For Services". Forbes. Retrieved 8 December 2015.
  9. ↑ Whitlock, Victoria (7 July 2014). "The accidental landlord: leave the pain of paperwork to the letting elves". Retrieved 8 December 2015.
  10. ↑ "An Interview With @OpenRent, The Start-Up Trying To Automate Lettings". Real Estate Pundit. Retrieved 8 December 2015.
  11. ↑ "The Property Ombudsman". The Property Ombudsman.
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