
Acquisition of The Letting Partnership (TLP)
Lofty, our US parent company, has recently completed the acquisition of The Letting Partnership (TLP). TLP is a leader in rent processing for the private rent sector (PRS). It was established in 2006 and is based in Worthing, West Sussex. Through this acquisition, LoftyWorks clients will benefit from working with a larger team that brings industry-leading knowledge and know-how in client accounting, rent processing and agent compliance. The services today provided by LoftyWorks for outsourced client accounting will transition over to TLP by the end of 2025. For existing clients and prospects, they will continue to use LoftyWorks software, but ...

Property Manager Guide: Storms
Top tips for protecting your properties against storm damage The next few months are prone to storms, including flooding, heavy rain and strong winds. So doing all you can to protect buildings from potential damage is crucial for safeguarding your property portolio. We’ve pulled together a comprehensive manual for ways to reduce this risk and highlight the actions to take if your properties are impacted by a winter storm. Getting your properties ready Prevention is key when it comes to protecting against storms. Preparing when there’s a weather warning Taking preventative measures for rental properties can be challenging, especially if ...

Top 10 Tips for Improving Profitability in Property Management
Here’s our top financial tips and good habits for helping estate and letting agents improve their business and profitability. Who doesn’t want to improve their bottom line? 1. Automate Rent Collection Implement automated systems for rent collection to reduce late payments and improve cash flow predictability. Our LoftyWorks software does this automatically, with a deep integration to Xero. If you don’t have a way of doing this, click this link to sign up for a free trial with LoftyWorks. Or put in repeat calendar events reminding you to do it instead. 2. Regular Financial Reviews Schedule monthly ...