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Hey HN! Thanks for the upvotes. I just wanted to share the fact we've been growing at over 10% a week for a while now! All our listings are created directly b

Hey HN! Thanks for the upvotes. I just wanted to share the fact we've been growing at over 10% a week for a while now! All our listings are created directly by landlords, and our aim is to slowly try and improve the rental market across the UK. Any questions - fire away!

bravura 14y ago
I'm curious what the competition is like in the space of the UK rental market. Craiglist? etc. Why do you think you are growing so rapidly?
- dazbradbury 14y ago
  We're offering something to landlords that isn't currently available in the UK for a reasonable price. We do most of what an agent does, but our costs are minimal because we've automated as much as possible. Our growth appears to be coming through helping on rental communities that already exist on-line, and being recommended by a lot of their users, as well as our own users being incentivised to share. (You get free listings that way). Hopefully it will continue, as our aim ultimately is to what letting agents haven't been able to, reduce costs, streamline the process, and create a safe rental community.
JofArnold 14y ago
That's awesome - congrats guys from a fellow Londoner :) Just curious what the business model is, though. Are you really making profit on £20 minus Rightmove etc. Or am I missing something? Still, either way it's a great thing for London especially! Good work.
- dazbradbury 14y ago
  Thanks! We'd definitely be making profit at £20 a listing. Right now, we're letting new landlords list for free, which is definitely a big factor in our growth - but we're seeing that either our landlords are returning, or they are waiting until their next property becomes available. For now, we're ramen profitable, but as we continue to grow, that will turn into some real profit. The rental market is overpriced in it's current form, and there isn't much between our service, and the one you get from paying a letting agent £1500. The more we can offer, the more we'll generate I'm sure.

bravura 14y ago

I'm curious what the competition is like in the space of the UK rental market. Craiglist? etc. Why do you think you are growing so rapidly?

dazbradbury 14y ago
We're offering something to landlords that isn't currently available in the UK for a reasonable price. We do most of what an agent does, but our costs are minimal because we've automated as much as possible. Our growth appears to be coming through helping on rental communities that already exist on-line, and being recommended by a lot of their users, as well as our own users being incentivised to share. (You get free listings that way). Hopefully it will continue, as our aim ultimately is to what letting agents haven't been able to, reduce costs, streamline the process, and create a safe rental community.

JofArnold 14y ago

That's awesome - congrats guys from a fellow Londoner :) Just curious what the business model is, though. Are you really making profit on £20 minus Rightmove etc. Or am I missing something? Still, either way it's a great thing for London especially! Good work.

dazbradbury 14y ago
Thanks! We'd definitely be making profit at £20 a listing. Right now, we're letting new landlords list for free, which is definitely a big factor in our growth - but we're seeing that either our landlords are returning, or they are waiting until their next property becomes available. For now, we're ramen profitable, but as we continue to grow, that will turn into some real profit. The rental market is overpriced in it's current form, and there isn't much between our service, and the one you get from paying a letting agent £1500. The more we can offer, the more we'll generate I'm sure.