Creator of FREE Landlord & Letting Agent app wins coveted Property Week award for the 2nd time
Property Manager of the Year
It's been more than 3 years since Ringley, creator of Planet Rent last won this most coveted of awards in property, but they did not stop there. A mixture of instinct and foresight led them to bring forward a game-changing homegrown Build to Rent Portal and Residents App–and they are about to release it to every landlord and every Letting Agent, everywhere FREE. Ringley Group was picked from 12 shortlisted companies last Thursday night to win in the most competitive category ‘Property Manager of the Year’.
Ringley Group Managing Director Analysis
“It is constant and extremely hard work keeping thousands of residents happy daily in the leasehold sector,” says CEO Mary-Anne Bowring. “we expect to increase this service effort 20-fold when it comes to operating blocks in the new Build to Rent sector. Not only do residents pay for and expect super-high levels of service for the rent premium they pay in bespoke high-end rental complexes, but the institutional investors are also demanding and need to ensure leakage is minimised for their yields to stack up and achieve viability.”
There’s no point pretending that if you can rent a property that makes you a build-to-rent expert, site staff are the new lettings agent, it takes modern tools to build community and the operators head office has to prove they can manage risk–all in a new transparent way. Ringley recognised this early on and developed an end-to-end app to re-craft the key parts of the lettings experience, streamlining move-in, contracts, repairs, welcome, utilities, and events processes whilst getting rid of the paper and slashing the admin time and costs which plague the industry.
Planet Rent app
Their aptly named Planet Rent app is to be made available to the wider private landlord market and all Letting Agents too. With Planet Rent the tenant fees ban problem is already solved–the app is free with contracts on a pay-as-you-go basis. Our 15-strong house IT team alone deserves this award for the relentless hours and sweat they have put into this unique offering... the Tweets, Tweets, and Linked likes (with strong praise and personal messages from competitors and clients alike) are a testament to what Ringley has achieved - a massive well-done team Ringley!
The judges summed up Ringley’s offering
In 2017, Ringley took its BTR capability to the next level. According to the company, it is the only managing agent to bring forward a ground-breaking BTR model, building on 20 years estate management experience and culminating in its 150-page BTR Guide. Ringley's vision is to help create a new asset class, akin in community to student living, but with the brand consistency of, say, Premier Inn. Judges praised the modern approach and strong growth.
Planetrent Properties
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.