EVO

Idea

Introduction

The Rental Property Sector is Broken

In a digital world, where nearly everything can be done online, the rental experience for tenants, landlords and service professionals feels like going back in time.

❌ Tenants are less patient and are demanding a better way to report repairs, manage appointments, pay rent and find information.

❌ Landlords and Property Managers agree that arranging property repairs and staying on top of compliance is a time-consuming process, with a lack of cost transparency.

❌ Trades and Service Professionals are thwarted by poor information on repairs booked and a lack of service history information, reducing their ability to fix problems first time.

EVO's Solution

✅ A digital property management solution that seamlessly connects landlords, tenants and tradespeople with simple, easy to use technology, to drive customer satisfaction whilst dramatically reducing cost to serve.

Monetisation strategy

EVO charge a fixed-price subscription, eliminating surprise costs and providing a reliable 24/7 response, so repairs are quick, easy and transparent for everyone.

There are over 10 million rental properties in the UK and renters are expected to outnumber homeowners by 2039. Landlords currently spend c.£30 billion on repairs, maintenance and compliance, and an additional c.£20 billion on management annually.

Millennials shoulder the largest rental cost increase and many believe they’ll never be able to own a home. This 'Generation Rent' have understandably higher expectations of how rental homes should be maintained.

EVO aims to onboard 300k+ properties by 2026 which equates to ~3% UK market penetration.

To do this EVO is targetting 3 key verticals:

1. Private landlords
2. Major lettings agents and aggregators
3. Social housing providers and large scale property investors