Home Commercial Property lettingaproperty.com completes acquisition of Mashroom Rent Collection and Management Portfolio

lettingaproperty.com completes acquisition of Mashroom Rent Collection and Management Portfolio

6th Jun 24 1:05 pm

lettingaproperty.com is thrilled to announce the successful integration of Mashroom’s portfolio of rent collection and management properties under the lettingaproperty.com brand.

This seamless transition now allows Mashroom landlords and tenants to enjoy uninterrupted and enhanced letting services through lettingaproperty.com’s innovative lettings platform.

The acquisition increases lettingaproperty.com’s assets under management to more than 1,800 properties across the UK, with a rental book now more than £29m per annum, and clients spanning first-time, portfolio and Build-to-Rent landlords.

lettingaproperty.com has been a trusted partner for landlords and tenants across the UK since 2008, offering comprehensive services that include tenant sourcing, rent collection, and property management. Known for its user-friendly landlord dashboard and 5-star support from property experts, lettingaproperty.com ensures that landlords have full control and visibility over their properties, while tenants benefit from a reliable and responsive rental experience.

Mashroom, previously recognised for its robust rent collection and property management solutions, has now pivoted its business model to focus on providing targeted leads for letting agents and mortgage brokers. This strategic shift allows Mashroom to leverage its extensive industry knowledge and technological capabilities to support letting agents in growing their portfolios and enhancing their services.

Jonathan Daines, CEO of lettingaproperty.com, expressed his enthusiasm about the successful integration, he said, “We are delighted to welcome Mashroom’s landlords and tenants to the lettingaproperty.com family. The swift and smooth migration underscores our commitment to delivering exceptional service and technological innovation. Our enhanced landlord dashboard will provide Mashroom’s clients with unparalleled convenience and efficiency in managing their properties.”

Adam Male, CRO of Mashroom, highlighted the company’s new direction, he said, “The deal to integrate our existing rent collection landlords into lettingaproperty.com’s service, marks the beginning of an exciting new chapter for Mashroom. By pivoting to provide targeted leads for letting agents and mortgage brokers, we are able to focus on what we do best – leveraging technology to connect the right people and create opportunities for growth within the property rental market.”

lettingaproperty.com is continuously on the lookout for similar opportunities and is open to discussions about mergers and acquisitions to further expand its service offerings and market reach.

This successful transition underscores the dedication of both lettingaproperty.com and Mashroom to providing top-notch services and continuous innovation in the property rental sector.

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