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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 e
by 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 agoThanks! 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.