According to The Australian Financial Review, Rent360 said it would be Australia's first online marketplace for property investors to access and hire independent property managers.
Former McGrath, Ray White, and LJ Hooker's Penelope Valentine along with Jared Keen, the founder of Europe's largest FMCG digital coupon company, Couponstar, co-founded the new outfit.
"We provide investment property owners with the option to skip traditional real estate agencies and access a network of top independent property managers across Australia," Mr Keen said.
"Rent360's recommendation engine matches property investors with up to three of the best suited property managers servicing the local area to compare fees, experience, qualifications and client reviews.
"The property manager appointed by the investor on the platform is the same one responsible for leasing and managing every aspect of the investment property."
The maximum management fee for Sydney-based investment properties is 4.95 per cent inclusive of GST lower than the average fee of 6.6 per cent in the city, Mr Keen said.
Once the management agreement is signed electronically on the platform, the property investor has access to an Owner Portal that provides visibility into their property's performance including tenant information, rent collection, maintenance update and rental appraisals.
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