A year ago today, Inventory Hive and The Dispute Service began 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 and how a new 360° image feature will make deposit disputes easier.

Streamlining inventories and property inspections

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.

Instant uploads replace bulky emails

“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.”

Virtual property tours are the new reality

Inventory Hive have 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.”

Collaborating to support the PRS

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. Watch our website, bookings will open shortly.

At TDS, we are always looking for new ways to make life easier for our landlord and letting agent customers. By joining our award-winning deposit protection schemes, you can take advantage of the most forward-thinking partnerships, solutions and tools to help you save time and remain compliant.

JOIN TDS TODAY to enjoy the benefits. It’s quick, easy and free with TDS Custodial.   

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