Rent Profile

RentProfile, founded in 2016 by David Munday and Paul Munday, is a London-based technology company focused on enhancing trust and convenience within the UK rental market. The firm's inception was driven by a co-founder's personal experience with a rental scam, leading to the development of the UK's first online landlord background check service. This initial offering aimed to verify landlord credentials, including identity, property ownership, and history of housing prosecutions, providing a layer of security for prospective tenants. RentProfile's overarching mission is to develop technology that fosters transparency and reliability for landlords, letting agents, and tenants alike.

The company's primary offering is its "Onboarding" product, a comprehensive platform designed to streamline and automate the entire new tenancy setup and management process. This system facilitates the steps from a prospective tenant expressing interest in a property to the final agreement of a tenancy. Onboarding integrates various crucial stages, including the easy setup and management of Agency Terms, Referencing Criteria, Holding Deposit payments, tenant Referencing, Tenancy Agreement generation, deposit registration, and initial rent collection. The platform's automation capabilities significantly reduce administrative tasks, allowing letting agents to focus on customer service and accelerate tenancy completion times, with an average turnaround of two days and some tenancies completed in as little as 20 minutes.

RentProfile provides a suite of services beyond the core Onboarding platform. Its award-winning tenant Referencing service is noted for being five times faster and twice as accurate compared to traditional methods, having processed over 100,000 tenant check reports to date. This service conducts thorough verifications encompassing identity, credit history, employment status, affordability assessments, and previous rental behaviour. The company also offers a comprehensive Right to Rent service, built directly into its Referencing product, which includes preliminary checks and options for further support.

Additionally, RentProfile provides a Rent Guarantee option, starting from £240, designed to protect rental income and cover legal costs for landlords. The firm also assists with Landlord Anti-Money Laundering (AML) screening and facilitates the secure digital signing of tenancy agreements. While RentProfile serves the broader residential rental market, its Onboarding product is particularly suited for the build-to-rent (BTR) sector. The platform is described as ideal for property management companies operating in this market, enabling them to manage multiple tenancies efficiently.

The Onboarding dashboard provides a single view for tracking numerous tenancies simultaneously, offering live updates on tenant progress. This streamlined approach allows property managers to adapt to the high-volume demands of the BTR market, aligning with the sector's ethos of speed and efficiency. The technology also supports remote working, reducing the need for face-to-face meetings and allowing for tenancy completion entirely online. RentProfile's commitment to efficiency and compliance is evident in its continuous development.

The platform ensures agents remain compliant at each stage of a tenancy, incorporating up-to-date, legally approved terms, referencing criteria, and tenancy agreements. UK and has received industry accolades, including awards from PropertyWeek and Visa. RentProfile's technology aims to connect responsible landlords, tenants, and agents, fostering a more secure and transparent rental environment. The firm has processed a substantial number of tenant check reports for reputable clients such as Jackson-Stops, Berkshire Hathaway HomeServices, Savills, and Century 21.