lettingaproperty.com has acquired Mashroom’s portfolio of rent collection and management properties.
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.
Jonathan Daines, chief executive of lettingaproperty.com, 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.”
lettingaproperty.com has operated since 2008 and offers tenant sourcing, rent collection, and property management.
The website gives landlords control and visibility over their properties on the platform.
Mashroom previously focused on rent collection and property management, but will now focus on providing targeted leads for letting agents and mortgage brokers.
Adam Male, CRO of Mashroom, 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 said it is continuously “on the lookout for similar opportunities and is open to discussions about mergers and acquisitions”.