New Property Management App Company Secures Seed Funding

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As more insurance brands become involved as active investors in the UK property rental sector, it’s more important than ever to have a smooth repairs, compliance and maintenance system. Compliance is also a crucial factor for insurers in the landlord insurance sector too, so having a digital record of inspections is ideal. Here’s some news on a new company looking to automate as much of the tenant-management comms as possible. 

Evo has secured an additional £750,000 of seed funding, supported by GroVentive, to continue its growth strategy in the UK’s £30 billion rental sector. By digitising property repairs, maintenance and compliance services, Evo saves landlords significant costs, removes the hassle from property management and improves the tenant experience.

There are currently over 10 million rental homes in the UK, and as people seek greater flexibility, renters are forecast to outnumber owners by 2039.

Evo’s app allows tenants to report a problem within 30 seconds, effortlessly track its progress, schedule the repair job at a convenient time as well as communicate directly with the trades person. This combined with market leading property knowledge Evo enjoys first time fix rates in excess of 90%.

Evo’s technology automates a large part of the communication and administration process related to onboarding tenants’ properties and the repair event itself, driving landlords costs down and delivering comprehensive property and portfolio information at the click of a button.

Co-Founder and CTO, Dean Shepherd said “In a world where we wouldn’t consider buying a used car without service history, everyday thousands of people are signing tenancy agreements without knowing the history of their next home. We believe repairs, maintenance and compliance service history should be available to every tenant and we are working hard to make this a reality.”

EVO currently works with private landlords, BTR, letting agents, housing associations and local authorities as part of its shared mission to support people’s access to decent quality housing.

About alastair walker 10923 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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