Mashroom Review: Help Your Landlord and Get Cashback

If you rent, your biggest monthly spend is likely to be on your accommodation. Renting isn’t cheap and in most cases there’s very little you can do to avoid your monthly rent bill. However, today I’ll be sharing my latest money saving find – a website called Mashroom that allows you to get cashback on your rent in exchange for helping your landlord find new tenants when you move out.

Mashroom could be a great way for generation rent to make some extra money when moving out of a property. ‘Generation rent’ refers to those aged 18-40, who have effectively been priced out of the housing market due to skyrocketing house prices, low wage growth, and a high cost of living.

Mashroom Review:

Here’s everything you need to know about Mashroom, including how to earn cashback on your rent and the additional benefits of the service.

Mashroom review: earn money by helping your landlord

Mashroom Review – What is Mashroom?

Mashroom is a free-to-use website that allows you to earn a week’s rent by finding new tenants for your landlord. They describe themselves as providing a new renting and letting experience, where landlords can trust their tenants and tenants can feel at home.

They allow you to form a mutually beneficial relationship with your landlord. Through Tenant Team Up, landlords are able to enlist the help of departing tenants to secure new ones – your landlord gets faster tenancies and reduced void periods, and you earn money for making it happen.

Refer a Landlord – Get Cashback on your Rent

Through the Mashroom platform, you’re able to earn cashback on your rent by helping to recruit your replacement tenants at a time to suit you. According to Homelet, the average rent in the UK is £996 – if this was the case you could earn £229 by using Mashroom.

The process is simple:

Invite your landlord to Mashroom – provide your landlords contact details on the mashroom website. You could also talk about the service next time you see your landlord (make sure to point out them that they can advertise their property for free and could find a new tenant much quicker).

Coordinate viewings –– Get notifications from interested tenants and agree times that suit you to host the viewings. Your landlord will generally chat to prospective new tenants first and then pass on any promising candidates to you. This way you don’t have strangers looking round your home while you’re not there and you’re able to tell them what it’s like living in the property.

Earn cashback – You receive one week’s worth of rent when the new tenant has moved in. A smooth process that allows you to earn some extra cash by helping your landlord.

Mashroom can also offer additional benefits to new tenants including deposit free renting and contents insurance designed specifically for tenants.

Benefits for Landlords

*If you’re a tenant make sure to point out these benefits to your landlord when encouraging them to sign up to Mashroom*

From having a passive income to property appreciation, there are many benefits to owning rental property. However, as with all investments, there are also some risks involved. Here are 2 of the biggest risks when it comes to renting out a property:

Extended vacant periods
Bad tenants

To increase the security of your rental property investment you should look at the ways you can reduce these risks. I believe that Mashroom can help in both instance; it gives your tenants the motivation to help you find new tenants by effectively acting as your personal property advocates.

As a landlord, Mashroom offers an alternative to expensive letting agency fees and allows you more freedom over the management of your property. As well as being able to enlist the help of your tenants to avoid empty propert(ies), you’ll also get free 30-day listing on Rightmove and Zoopla and free same-day rent collection and payouts.