With same working day payouts
Tenants set up a standing order, and rental income is sent to your bank account via our open banking partner, Token.
Receive rental income straight to your bank account without lifting a finger. We also send chasers to the tenant if rent hasn't been paid.
We will send you an update three days before the rent is due so that you know exactly when it should arrive in your account.
You are in control and have oversight of all rent payments — Mashroom simply facilitates the automatic transfer, checking payments are on time and correct.
Unlike traditional agents, Mashroom doesn’t hold rent payments or charge you for the collection service.
Get notified of rent payments and keep track of income and expenses from your Mashroom dashboard.
Advertise your property for rent with Mashroom and have your new tenant pay rent on time, every time.List a property
Nothing. Rent collection with Mashroom is completely free of charge.
Once the tenant has transferred Mashroom the first month’s rent, it is held in an escrow account. The money is paid out to the landlord on the date of move-in. It is against ARLA (Association Residential Lettings Agents) regulations for us to transfer landlords their funds prior to the tenancy commencing. For anything other than the first month’s rent, money will be paid out to landlords on the same working day we receive it from tenants.
Tenants pay their rent directly to Mashroom through their dashboard. Through OpenBanking, our dashboard links to the tenants bank of choice to make the payment. We fill out all the necessary information including amount and payment reference, so it’s as easy as it can be for the tenant. This pre-filled information assists in the auto-reconciliation process so that we can pay landlords out faster.
Yes, payments made to Mashroom are protected by MoneyShield. MoneySheild is a client money protection scheme, which offers landlords and tenants peace of mind that their money is safe. MoneyShield steps in to reimburse landlords and tenants should an agent misappropriate rent, deposit or other client funds.
We don’t currently accept tenancies which are mid-term, so at the moment it is not possible to switch your current rent collection services to Mashroom. However, this is something we are looking into and will be possible very soon.
If a tenant does not pay their rent on time, Mashoom will send a series of email and SMS chasers. Mashroom is not liable for any unpaid or late rent payments. We do however offer Rent Guarantee Insurance, which offers landlords up to £25,000 per year in the event that the tenant is no longer able to pay their rent.