Landlords and tenants will be able to rate each other on a trust website designed to remove some of the risk of renting property. www.Trustedlets.co.uk allows property owners and residents to build up an online reputation for themselves and aims to cut the likelihood of ending up with the tenants from hell.
Working in a similar way to auction site eBay, the firm could help landlords cut out the use of expensive agents and could also prove popular given the buoyant state of the rental sector in the UK. Quoted by Property Investor News, site director Charles Peak-Smylie said:
“The idea behind trustedlets.co.uk was borne out of the change in the law regarding deposits, we wanted to offer a service to landlords who wanted to find tenants but who did not want to have to take a deposit.”
The site’s about section says it is the first business in the world to offer landlords and tenants the opportunity to mutually rate each other and to develop an online reputation. It states:
“Our belief is that current approaches to improve the experience of tenants and landlords (particularly recent changes to the law) were not addressing some of the root causes of the problems. We developed TrustedLets as a result.”
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I really cant see this being of any use, if youve got a great tenant why would they be moving on? How many times does a tenant move on to other rented places rather than buying etc. I think that if I was looking for somewhere to rent I would want the support of a letting agent.
A great idea, employer references provided through agents are great. For newly refurbed properties I notice differences in my tenants some treat them like their own home, some like hotels. Also, when it comes to ‘wear and tear’ it would be nice to know whether a tenant is a headache and really stretches the definition.
Well employer referenece don’t always work as such. I belive in order for someone to treat your home well you need to lay down the law before they enter. Do monthly inventories if you have to, but don’t get employer’s references. This is because the way that people act at work is different from the way that people act at home, therefore an employers reference is not the best way to see if a tenant is good. There is an old chineses saying that states you have taste the milk in order to see if it’s rotten likewise you need see the way in which they treat your home before you can judge whether they are good tenants or bad tenants.
Hey i agree with you JOes however i don’t agree with arun i understan completely why you do not trust employeras reference trust me i have had bad experiences
Employers references ? ummmmmmmmmmmmmmmmmmmmmmm well the thing is you may not be able to trust them. Oh and Jo is it what do you mean ?