RentalStep, an online service which is aiming to do for home renting what Airbnb did for the holiday business, has launched throughout the UK.
RentalStep allows both tenants and landlords to leave reviews of each other and their properties so everyone can make more informed decisions about future moves.
It also provides a ‘Tenant Passport’ which allows renters to log their verified payment history online and every punctual rental payment will improve their credit score.
Mike Georgeson, founder of RentalStep, said: “Our revolutionary new platform that connects great tenants and great landlords has launched across the UK and is set to revolutionise the way we rent. Our partnership with Experian means we can offer free credit scoring and ID verification for both tenants and landlords.
“Our unique, secure Tenant Passport allows tenants to show a landlord just how good a tenant they are, whilst giving landlords access to a pool of verified tenants.”
The Tenant Passport, which RentalStep guarantee will remain free for tenants, means renters’ online reference will be only a click away. The Passport includes a record of rental payments – with each payment record sent to Experian – and present and past tenancies.
RentalStep has also introduced the new concept of a TenantScore, which makes it simple for landlords to assess would-be tenants’ suitability for a property. Meanwhile, landlords will be able to store all of their documents for the tenancy online and share them with their tenants.
The company, brainchild of entrepreneur and landlord Georgeson, and recemtly secured the £150,000 first prize from a Startups.co.uk competition following Dragon’s Den-style interview with Worth Capital.