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​New PropTech bid takes tenants to viewings by taxi

Monday 26 February 2018

An ambitious PropTech startup which takes would-be tenants to viewings in a taxi has raised £2.8 million as part of its attempt to 'reinvent the London renting experience'.

Renters using the search platform 'Homie' are given their own personal home finder who scours the market for suitable properties.

Once the renter's 'Homie' has identified suitable properties, the would-be tenant is taken on a two-hour black cab tour where they could view as many as ten potential homes.

The platform takes away the need for renters to spend 'hours' browsing property portals and even liaises with letting agents on their behalf.

Homie claims that while the average London renter spends up to 20 hours a month researching rental properties - and a further five hours attending viewings scattered across the capital -  tenants using the Homie platform can find a home in less than four hours across three days.

 The PropTech startup was founded by Alex Eid in 2016. 

He said: “This new investment represents an incredible opportunity for us to further develop our tech platform and team without compromising on any of the personal aspects of Homie that make it so unique.

"Our vision has always been to make London’s rental market faster, more transparent and easier to navigate whilst delivering a personal service.”

The full service costs tenants a one-off payment of £88, although they can receive a phone consultation and selection of available homes for free on sign-up.

Homie promises to provides tenants that have been checked in a bid to help agents avoid timewasters and unsuitable customers.

After Homie accompanies a tenant on a tour of prospective properties with multiple agents, it also offers feedback to the property's landlord.

If Homie provides an agent with a pre-qualified, move-ready and acceptable tenant they’ll charge a small fee, but only on success. 

The platform says it has helped in over 500 tenancy deals to date.

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