No Agent, like Viewber, is also raising more money.
A new crowdfunding campaign by the property company is due to launch to the public today.
It comes just 14 months after No Agent’s last crowdfunding round, and not long after announcing that it had raised a further £840,000 in private money, in November last year.
No Agent said then that it would be seeking more funding in the early part of this year.
No Agent – which despite its name lists properties on Rightmove and Zoopla and is also an ARLA member – has not said how much it is now bidding to raise.
However, it is offering anyone who puts in over £1,000 two months of free property management.
The firm has been inviting anyone interested to pre-register ahead of today’s new crowdfunding round, opening today to the general public on Seedrs.
In November 2016, it raised £350,000 in just 48 hours via the same platform, and then went on to over-fund, to the tune of £550,000.
Banann said of the new push for funds that “overwhelming demand” previously “meant that many people missed out: “This year, we want to invite as many people as possible, including new customers who have joined our service to invest and help us build No Agent into a market leading rental platform.”
He says that he started No Agent with a “simple goal: to create a fair lettings service for both landlords and tenants”.
He says there is over £250m worth on rental property on the No Agent platform, and that it will process over £5m in rental payments over the next 12 months.
No Agent makes no secret of the fact that it has set up in competition to traditional letting agents – allowing landlords to save money, while charging tenants nothing.
It lists on Rightmove and Zoopla – which only allow agents to advertise – under the name ‘NA Technologies’.
No Agent’s price to landlords includes listings on both portals.
Prices for a “fully managed property management and tenant finding service that puts you [landlords] in control” are £55 a month in London and £35 elsewhere.
The original prices are higher than at launch, when it charged £39 to landlords inside London, and £29 elsewhere.
On Rightmove at the weekend, it had 175 available properties.