Thursday, October 3, 2024
UK

Dwelly adds 1,000 properties with Lime Property acquisition

acquisition

Dwelly’s full-stack business-to-business (B2B) platform is tailored to automate tenant management, payments and post-rental property maintenance

Dwelly, a United Kingdom-based artificial intelligence (AI)-enabled startup that offers a rentals and property management marketplace, added 1,000 properties to its portfolio with its acquisition of Lime Property, an estate agency located in Hull.

By merging Lime Property’s deep local expertise with our technology-driven approach, we are poised to streamline their operations and empower the teams with better tools, all while enhancing the experience for landlords and tenants alike, Ilya Drozdov, co-founder and Chief Executive Officer of Dwelly, wrote in a Tuesday (September 24) post on LinkedIn.

Dwelly’s full-stack business-to-business (B2B) platform is tailored to automate tenant management, payments and post-rental property maintenance, as per the company’s LinkedIn profile.

When discussing other moves in the sector, the need for digital transformation in our industry has never been more critical, Drozdov wrote in his post. Many agencies struggle with outdated processes that hinder property managers from focusing on what truly matters.

Dwelly Co-Founder and Chief Operating Officer/Chief Product Officer Dan Lifshits said in a Tuesday post on LinkedIn that real estate is “an industry with an AI revolution to be made” because it is people-centric, communication-heavy and has headcount costs that amount to more than 65 per cent of revenues.

One of the biggest hurdles in our industry is the strain of repetitive tasks, draining resources and blocking innovation, Lifshits wrote. Real estate is still burdened by significant tech debt, and acquiring Lime Property is a key move in tackling it. Together, we’ll set a new standard for letting agencies and drive the change this sector needs.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Invest for Property. The information provided on Invest for Property is intended for informational purposes only. Invest for Property is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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