This new letting platform looks to be the next big thing. A similar service in the US now lists roughly 100,000 properties. We will be keeping an eye on the development of this as they claim to provide a level playing field for landlords and tenants whilst achieving at least the market value in rent!
A new rental auction platform, which offers prospective tenants the opportunity to bid for rental properties online, is set to launch later this month. LetsBid4Lets.com will provide letting agents with software that enables them to list a landlord’s rental property in an auction format and subsequently allow prospective tenants to bid for it online. We all know that online marketing is a field dominated by those with the foresight to plan ahead, anticipate changes, and jump on trends before their competitors do, but is this new auction platform one that will genuinely offer letting agents a competitive edge?