Two Heads are Better Than One
Have you ever tried to juggle, whilst riding a bike on a tightrope, and cook your dinner at the same time? Although for some this may be a possibility, for most it wouldn’t be. Although it is possible to be able to achieve each of these individually, focussing on mastering one at a time means you can perfect a skill. Better still, teaming up with others would mean all of your skills can be utilised.
It is the same in business. Within the letting industry you have to spin a lot of plates: keeping landlords and tenants happy, managing accounts, keeping up with pre tenancy regulations, EPC checks, KYB checks, AML compliance, arrears management, to name a few. There is technology out there to try to support agents with all of this. Some claim that they are the whole package and offer everything in one place. However, let's go back to the previous point - ‘Jack of all trades, master of none.’ With the complexities of the letting industry, it would be near impossible to be an expert in all areas. Therefore, a company may have an adequate solution which provides a reasonable attempt at supporting every area of letting management, but it is surface deep and will never truly solve the problems faced by agents.
What is the Solution?
LettsPay are a team of experts in payment and banking technology who have used their shared knowledge and experience to create an innovative client accounting platform. They solely focus on this area, which means that LettsPay are ahead of the market, and are constantly developing their technology so that they deepen its functionality and usability. Unlike their competitors, their understanding goes beyond the surface. They have achieved this through client consultations, and researching their market. LettsPay has a technology team who are passionate about problem solving and like to work closely with our clients - unlike many technology teams who only work in the background.
For many agents though, they want more than this. This is where LettsPay’s collaboration with other Proptech companies, such as Teclet, comes in.
Who are Teclet?
Teclet are experts in automating the tenancy set up journey and in the ongoing tenancy management. As well as automating and speeding up processes, the platform ensures that the agent is meeting all necessary compliance requirements.
Teclet is a cloud based, automated interactive portal, accessible by all stakeholders (landlords, tenants, guarantors, agents) that runs on desktop, tablet and mobile devices and so facilitates both office and remote working.
It also removes up to 80% of the actions needed to create a tenancy and allows agents to stay on top of their business with their Agency Statistics Dashboard. Being able to continue to work paperless and without files ensures that agents stay compliant and never miss a document.
Available 365/24/7 Teclet improves productivity with over 40% of interactions with the platform taking place outside of normal business hours.
Teclet provides end to end tenancy set up and management. This is now even easier thanks to their integration with LettsPay and we work seamlessly together. This is a strong partnership which will continue to grow to provide the best service out there for letting agents and property managers.