A year ago today, Inventory Hive and The Dispute Service started working more closely together to transform inventory reporting in the private rented sector for the better. As they mark their one-year anniversary, they reveal what’s next for inventories.
Over the past twelve months, users of the Inventory Hive app have benefited from a host of features that have streamlined inventories and property inspections. From 360° camera technology and automatic compliance prompts to best practice guides, webinars, and new virtual CPD accreditation training, property professionals have entered a new era of inventory reporting.
“The 360° photos taken via the Inventory Hive app can be uploaded to the TDS online evidence portal, which is far quicker and easier than emailing large files,” explained Richard Abbots, Founder, and CEO of Inventory Hive. “This is just one reason why we continue to work with Tenancy Deposit Scheme (TDS) and their innovative approach to lettings and deposit management.”
Inventory Hive has also announced a game-changing new feature, which will allow users to integrate floorplans, video links, hotspots, and embedded photos into 360-degree video tours of properties.
“This makes virtual tours beautifully simple – and efficient,” added Richard. “Where it traditionally takes hours out of a day to drive to a handful of properties to conduct show-rounds, agents can now manage multiple viewings in a range of locations remotely whilst simultaneously monitoring engagement. Clients can view properties conveniently on their device from any location too. The cost savings and environmental benefits of that are numerous.”
To date, the joint work has brought a combination of the market-leading paperless software from Inventory Hive with the expert industry knowledge from The Dispute Service to better protect both tenants and landlords.
The software reviews from letting agents, landlords, inventory clerks and tenants speak volumes of how invaluable digital inventories are in today’s rental market.
As the industry has been forced to embrace digital much faster over the past 18 months than expected, the PRS has seen the huge time, cost and carbon-footprint reductions that come from digital inventory technology.
“It’s been a pleasure working with and learning from the team at TDS. We believe the key to introducing relevant and purposeful features is understanding best industry practices. As a result, we’re doing all we can to help make unnecessary deposit disputes a thing of the past”, Richard added.
Steve Harriott Chief Executive of The Dispute Service added: “We know the value of an inventory in reducing disputes, so we are excited by the continuing innovation that Inventory Hive is making to their product.”
Agents and landlords can learn more about the power of using of 360° photos in tenancy deposit disputes at the Inventory Hive webinar taking place online on 25th October. Learn more here.
Catch up on the Partner Spotlight with Inventory Hive and TDS
Who are Inventory Hive?
Beautifully simple cloud-based property reporting and 360° virtual tour software – allowing for market-leading paperless management of inventories, check-ins, interim visits, comparative check-outs and easy-to-use 360° virtual tour.
Who are TDS?
A government-approved tenancy deposit protection scheme in England and Wales operated by The Dispute Service Ltd.