Are you paying for your rent collection? What are you actually getting for that payment? With Mashroom’s Rent Collection Plans, you get your rent plus additional protection.
A rent collection plan is so much more than collecting your rent and depositing into your bank account for a fixed fee. A rent collection plan offers your additional protection and support:
On top of streamlining the rent collection process and reducing the frustration of chasing, our rent collection plans offer you additional cover so that you can stop worrying about potential arrears or emergencies. It’s a fully comprehensive solution that makes your life easier.
We do not believe charging for a simple bank transfer to be a fair way to do business, it would be unfair to fleece you for cash over such an easy transaction. This is why we offer you a fully comprehensive plan to make it worth it and make letting with Mashroom a cost and time efficient way to manage your property.
With our rent collection packages, you’ll also receive access to our advanced rent feature which allows you to request up to 3 months of rent in advance, for a small fee.
Safe, protected and efficient – never wonder where your rent is again. We collect your rent directly from the tenants and pay landlords out on the same day, so you can relax knowing your money is protected by Money Shield.
Today, these transactions can be swift, so we don’t hang about – you’ll get your rent as soon as we receive it! And, if there is any delay or issue, we don’t leave you wondering and waiting.
Never worry about missing a rent payment – we send tenants late payment chasers, to remind them their rent is overdue.
Knowing how your property is performing is essential for levelling up your landlording business.
The tenant’s deposit is secured and registered with the government backed MyDeposits scheme. We’ll send the deposit certificates to you and your tenant.
That depends on who you pay and what your plan is. Almost no paid-for rent collection gives you additional security (but definitely double check your contract to be sure!) and that’s why we’re different.
With our dashboard, you have oversight of rent collection as we oversee the payments and chase tenants to pay your rent on time. You can also use your Mashroom dashboard to check on payments and expenses.
We offer 2 packages at Mashroom and rather than charge a flat rate, we charge a percentage of your rent so what you pay will vary from property to property.
The Essential package comes in at 2% of your rental income.
So if you charge £1000 rent per month, you’ll pay £20 for the following:
If you would like to see example documents, you can find them here: policy wording and IPID.
The Secured package comes in at 5% of your rental income.
So if you charge £1000 rent per month, you’ll pay £50 for everything in the Essential package, but will also get Rent Guarantee Insurance and Home Emergency Insurance:
If you would like to see example documents, you can find them here – Eviction, Legal Expenses & Rent Guarantee Insurance: Policy wording and IPID // Home Emergency Insurance: Policy wording and IPID.
With our Property Performance Analytics Tool, you can see at a glance how your property is performing.
Our tool visualises this for you, making it quick and easy to see if and where you need to save.
Store everything you need all in this one place, so you don’t have to go looking for it come tax season.
Wondering if the rent has been paid yet? Just log in and you’ll be able to see what is awaiting payment, when a payment is received and when it’s overdue, including how many times we’ve chased that overdue payment for you.
You can see all the upcoming payments that are due to be made and all past payments.
As with all things Mashroom, we keep it super simple:
You don’t have to do anything until you’ve listed your property, chosen a tenant and the contracts are signed
With all that done and dusted, we’ll display 3 options Manual Rent Collection, Essential 2% Rent Collection plan, Secured 5% Rent Collection plan.
If you’ve opted for the Essential or Secured rent collection plan, all you need to do now is wait until the rent hits your bank account. Don’t forget you can keep track of payment statuses in your dashboard.
Yes, we do! Making a payment is easy through Mashroom, but on the occasion when a payment is late for any reason, we jump on that to remind the tenant and get the rent paid ASAP.
You’ll be able to track all of this from our dashboard, including when the rent was due and how many times we’ve chased the tenant.
Ok, so this is a little trickier! First things first, do you have a paid rent collection with another agent? If so, you will need to look at bringing this to a close and it may be that you aren’t able to do that until the end of the tenancy.
Head to you dashboard and select ‘transfer my rent collection’ and answer the short form provided. You’ll then need to choose your rent collection plan.
Next, the legal property owner will be asked to verify their identity. This takes just a couple of minutes.
Once complete, we’ll notify your tenant that you would like to transfer your rent collection to Mashroom. The tenant will then be asked to set up a standing order for regular rent payments going forward.
That’s it! You’ll start receiving rent into your allocated bank account.
It’s part of the package when you list with Mashroom, as well as advertising your property for free on Rightmove and Zoopla.
Listing your property with Mashroom is an easy process. When you list with us, we include the Free Recollection Service as standard. So, in short, there is little you have to do to collect the rent.
When it comes to rent collection, you can choose between our Essential 2% rent collection package or the Secured 5% rent collection package. However, if you don’t want to use one of our rent collection plans, you could buy Rent Guarantee Insurance and Home Emergency Insurance (both included in the 5% plan) as stand alone products.
