What does Ringley offer investors?
The business offers investors a one stop shop partner to those owning residential and living sector assets with divisions for:
- project monitoring
- resident management
- building management
Rent pricing, pet rent and utilities management are part of what we do. Our techstack is agile and supports vertical integration by adopting the fund level chart of accounts to get rid of re-work on fund accounting and reporting.
We are tech-enabled and along the journey capture some 50+ data points to provide rich insights to inform Client strategy for built and future assets.
PlanetRent can complete a deal (from offer to contract) within 7 minutes. To maximise rent collection, we are a direct debit originator and collect shares from tenants individually, but when there are arrears treat them as jointly and severally liable.
Operational leasing includes APIs to:
- TDS (the tenancy deposit service),
- Reposit (a deposit alternative which gives 8 weeks rent cover).
Before launching a new asset we study local market demographics, competing stock, market supply, average time to let and from this confirm rent pricing and devise a marketing strategy.
For smaller sites, up to 150 homes, we are geared up to provide on-site leasing presence to cover weekends and after work hours during the initial lease up phases. For larger sites a full staff compliment can be recruited, suited and booted, as well as tech enabled and trained to deliver consistent messaging to residents and to treat them as discerning customers who will judge your product by the service experience they receive.
We use lock out periods to ensure that contracts don't end in the 'hard to let months' of December and January and the end of summer term for students. Insights include our exit spike graph which shows when contracts end so that we can increase contract lengths to normalise workloads and be efficient with resourcing.