Lettspay releases proptech notes and tasks to simplify property management, payment and compliance for agents as the Renters Rights Bill changes.

UK-based proptech platform Lettspay which will see transactions exceed 1.5 billion in 2022 has launched a new Notes and Tasks feature that offers efficiency to property agents.

Its characteristic is the ability to build and manage essential activities like reminders of gas safety certificates, rent reviews, and property inspections and enable the agent to make internal notes to execute smoothly with other team members.

Lettspay points out that the update is very timely since the Renters Rights Bill will demand extra scrutiny especially concerning Section 13 rent review notices which may only be served once a year with a notice of two months.

The proptech company asserts to go beyond the traditional CRMs by embedding the smart payment links in the reminder and making it easier to collect payment from tenants and decrease arrears. Also, its automated reconciliation system saves agents considerably on administration costs rather than manual CRM applications.

According to a LettsPay spokesperson, most CRMs are focused on "front office" jobs such as prospecting and listings, whereas property management and client accounting are done by the different branches of back office staff. They continued by stating that integrating our client accounting with Notes and Tasks will provide a more efficient operating environment.

This improvement will further establish Lettspay as a proptech pioneer in addressing the property management and financial services gap for agents.