The emerging technology market for the property industry, known as 'proptech', is big business.
Today, a new rental app, Goodlord, closed a round of seed funding with £2 million of investment.
The platform aims to make renting through letting agents more efficient by processing contracts, credit references and payments through one app - reducing the time it takes to rent a property from a couple of weeks to just a couple of days.
The app was co-created by former Foxtons estate agent Richard White, who says: "When I was working in the lettings industry I was staggered by how inefficient the processes were. People were still using fax machines and tenants were being asked to print and scan documents."
Now, all documents can be uploaded and e-signed by the agent and prospective tenant via the app.
So far, the quickest deal has been made within half an hour of a renter viewing a property. They had been through the platform six months earlier, so had a 'rental passport' with all credit checks and references completed.
Seven proptech ideas to look out for
Seven proptech ideas to look out for
The app for housesharers to keep track of who owes what. It simplifies splitting bills - especially among people who you pay different amounts - and allows you to pay people back.
Available from Splittable.co
2/7 Property Partner
Always dreamed of investing in property, but don't have the funds? This crowdfunding platform allows anyone to buy a share of an individual property of their choice, from as little as £50. The letting and management of the properties is carried out on behalf of investors, who receive a share of the rental income and capital gains if property prices rise.
Available from Propertypartner.co
The online service that allows tenants to report their problems to managing agents. It offers online guidance if the problem can be solved by the tenant or provides detailed reports for the contractor, helping to resolve issues quicker.
Available from Fixflo.com
4/7 FlatMateMe (coming soon)
A new dating-style app designed help people find roommates based on common friends and interests is due to be launched in January next year. It connects users via their Facebook and LinkedIn profiles with the aim of matching people who like the same TV programmes or work in similar industries.
Available from Flatmateme.com
Not technically a property app, but with London renters typically moving every year or two, new 'find your friends' style app Sup is worth a mention. It lets you know when friends are within 25 minutes of you, but doesn't share your exact location, so there's no risk of stalking.
Available from Sup.com
This app allows would-be buyers and sellers to create profiles of what they're looking for and where, or what they're selling, and matches them up to enable private sales.
Available from seewhoslooking
A one-stop shop for renters and private landlords promises everything from searching for propertes and arranging viewings to digital signing of documents and managing deposits and rental payments.
Available from rentr
“Generation Rent is rightly demanding better customer service from letting agents,” says Robin Klein, co-founder of the LocalGlobe venture capital partnership, who invested in the app. “For too long tenants have felt powerless in a market where transactions are anything but transparent."
The app is currently used by 200 letting agencies across the UK, and aims to be working with 10 per cent of the country's 11,000 letting agents by the end of the year.
With a typical two-adult household paying letting fees of £388, a more streamlined process will hopefully lead to reduced costs for renters.
White says: "We would like the savings to be passed on, we support a fairer market. There's space for lettings agents that offer good quality service."
Tweet us to let us know if you've used any of the proptech featured, or recommend any other apps @HomesProperty.