No Agent- the fixed fee property management platform is launching a fixed fee HMO product. From just £35 pcm per room, landlords can have their HMO fully managed.

The package includes free tenant find and gives landlords flexibility to choose additional bolt-ons such as a viewing packages and professional photos, should they need them.

“The complete cost for managing  and finding tenants for a 4-bedroom HMO in Coventry with a rental income of £2200 per month would be only £140 per month inc. VAT. This would work out at 4.5% excluding VAT (or 6.3% inc VAT). A big difference from the average 10-15% charged by high-street agents for the same service.” says Calum Brannan, CEO of No Agent.

No Agent lists properties on Rightmove, Zoopla, Primelocation, Gumtreee and Spareroom.

In addition to finding tenants, the service includes quarterly photographic inspections, rent collection, management and coordination of all repairs, renewals & contracts and support for all issues that arise. Everything is coordinated by ARLA qualified account managers and both landlords and tenants have access to a 24/7 support centre.

No Agent also reports tenants' rent payments to Experian, which has been proven to reduce arrears by 70% in the social housing market.

“We believe landlords will be able to save nearly one months rent every year from their HMO properties, as well as saving hassle and time and having the extra guarantee of reduced rent arrears. At the same time, we don't charge any fees from tenants, and never had. So the tenant fee ban won't induce us to hike landlord charges as it's predicted many traditional agents will have to do.” declared Calum Brannan.

The news may come as a welcome surprise for landlords, as the recent tax changes have required landlords to search for new ways to make their portfolios drive more revenue.

Notes to the editor:

• No Agent is a national property management business founded by frustrated landlord Calum Brannan.
• The business is chaired by former com CEO, Gillian Kent.
• It challenges the traditional agency model by using technology to drive down costs and increase service levels.
• No Agent was the first national lettings business to sign a partnership with Experian to help tenants improve their credit score while renting.
• Landlords must pay a setup fee of £100 which covers licensing checks and condition of the property.
• For our reps to conduct viewings and take photos there is a charge of £250 for the first room and then £50 for each subsequent room available in the same 30 day period. Landlords are free to conduct their own viewings
• Find out more: https://www.noagent.co.uk/hmo-property-management/

About No Agent:

No Agent's mission is to create a fairer, more equitable marketplace for both landlords and 'generation rent'. The company uses technology to remove the pain points and inefficiencies of traditional lettings agents. The end-to-end property management platform fuses tech with great customer service to automate the entire rental process. Landlords choose how much they control and how much they pass on to No Agent, and have complete visibility over their property status - at any time, from anywhere in the world. Landlords pay a low monthly fee, while tenants don't pay any fees.

https://www.noagent.co.uk 

About CEO Calum Brannan

At 28, Calum is already a seasoned tech entrepreneur. The social network he started at 15 hosted half a million users at its peak. He then founded CrowdControlHQ, UK's leading social media management and compliance platform, used by clients in Local Government, Law Enforcement, Finance and Automotive.

In 2015, Calum set out to find a solution for renting out his property in Coventry. After a few bad experiences with local letting agents, he was looking for a service that would offer him the same friendly and simple user experience as AirBnB, but for long term rentals. He looked around and noticed there wasn't anything like that on the market, so he set up to build it.

Today, No Agent directly employs over 35 people and coordinates a network of 500 Property Partners across England who do on-demand work such as viewings and inspections. In October 2017, No Agent opened an Operations Centre in the West Midlands to deal with the increasing demand for services.

No Agent Chair is Gillian Kent, the former CEO at Propertyfinder.com and the former MD of Microsoft MSN. Amongst the board members are Nick Hynes, former CEO and founder of Overture Europe and Carl Uminski, Co-Founder of Somo - world leading independent mobile transformation company.