Creating Great Landlord Tenant Relationships Property Management For just £8 per month

Problem Landlords paying large commissions for management. Subsidising other areas of business when not using them. Agent inefficiencies cause friction between Landlord and Tenant.

Solution A fully compliant web platform where Landlords & Tenants interact with each other. Creating a historical dialogue and record of events. Maintain a record of all your income & expenditure  Maintenance reports made directly to your dashboard & tradesman notified by you with full chronology Create inventory, store meter readings & record Qtrly inspections. Comprehensive credit check uploaded to your dashboard ready for review.

70% 4.3 1.75 Market Size of Landlords use a Million Privately Rented Homes Source: Years 2013-2014 (English Housing Survey) 70% of Landlords use a Managing Agent Source: 2016 CML Survey 1.75 Million Landlords Total market available Source: Years 2013-2014 (HMRC)

an investor would save £3113 over 2 years! Market Validation Year1 Year 2 Total Agency Fees Tenant Find Fee £800 Management Fee £960 Inventory £65 Deposit Registration £50 Total £3750 (excl. VAT) Year1 Year 2 Total LetBout Advertising £150 Set Up £45 Additional Tenant £25 LetBout Fee £96 Deposit Registration £22.50 Total £637 Assuming a rental of £960, four week finders fee & 10% management fee against using our platform an investor would save £3113 over 2 years!

The Product

Portfolio dashboard displays all your properties with details of tenancy and outstanding tasks. From here you can organise inspections, send letters and notices from the document suite or instruct tradesman.

Property dashboard ensures compliance, instructs tradesman and keeps track of accounts. Task list is easily managed and notices issued.

Intuitive Tenant Dashboard to view legal documents, record quarterly inspections and make maintenance requests. Landlord name and bank details for payment are also present. Screen Shot 2018-02-03 at 17.05.55

The Model We do not charge tenant fees Freemium service allows Landlord to upload there documents & use dashboard £8 a month for each listing. £45 Reference & account set up fee for new tenancies. £25 For each additional tenant. Additional Revenue upselling Insurance & Digital packages We do not charge tenant fees

Market Adoption Established Landlord Associations Public Relations Promoted through Landlord Groups and Forums Public Relations Instruction of PR company to promote Branding saturation and expansion. Partnerships Rentshield referencing  AlanBoswell insurance. Digital services companies. Word of mouth. Landlords talk and forums are alive. I want them alive to the sound of LetBout!

Management Fee £35/55 p/mth Competition Tenant Find £420 avge Management Fee £35/55 p/mth Tenant Find £95 Management Fee £79 p/mth Tenant Find £120 Management Fee £72 p/mth Tenant Find £625 Management Fee £78 p/mth Fees have not yet been announced Tenant Find £99 Management Fee £75 p/mth We are 80% cheaper than the closest competition

Competitive advantage First to Market For direct Landlord property management platform. Freemium on boarding service allows you to try before you commit to the paid service. Landlord Incentive Saving money from month one. Ease of Use Intuitive Dashboard available from any device. List Once Migrate property details to new Bout for each new lease. Design and Brand Patented Logo memorable and ready for expansion.

The Ask We are looking to raise £150 000 to fund 18 months expansion, aiming for 10 000 users of our managed service in exchange for 30% equity. Marketing & PR: budget set at £4k per month for 6 months and reviewed with a view to scale down. Product Development: assumes Site support, improvement and development of new features. Sales & Support: team comprise a full time and part time team member to target sales and offer desk and phone support Administration: covers accounting and legal fees for staff & leases Offices: Looking at open work spaces and serviced offices. Marketing & PR £50000 Product development (LetBout 2.0) £20000 Sale & Support Team £44000 Administration £9000 Office space £14000

And if you’re wondering who is behind the company and the voice of LetBout, contact me and say Hello. AdeTown@letbout.co.uk