Unlike you I did my own research and went through announcements...

Unlike you I did my own research and went through announcements which detailed the diversified nature of the revenue streams that rent will have. I suggest you do the same before slagging off the concept.

Your 20 years experience in property management should have helped you here. You are bottom of the chain in your bosses eyes. He's only interested in sales. You probably reconcile his trust account for him and do all the so called heavily lifting. I must give you kudos for being in property management for 20 years and giving someone else all the glory.

The value in what you do is in the rent roll and the property itself - not your services. That's why anyone that owns a rent roll pays minimal wages to property managers. When a rent roll is sold the employee never/rarely goes with it. It is easily interchangeable. You probably use rockend/rest computer software. A brilliant programme for property managers. It does it all for you, just press the right buttons champ. Rent rolls hold their value on their own in essence. You know what you do isn't rocket science.

In the city the rent roll commands more then a regional area - you would know this.

You also know you use real estate or domain as a platform only to list the place. Rent is trying to replicate this to the untapped private market along with agents. Do some more research.

Rentbond is genius. Not all renters are flush with cash. Rent receives a kickback for it. The bond goes straight to the bond board.

Use your 20 years experience to see outside the box. The owners of some little cloud accounting company called xero did just that a few years ago. It's only valued at around 2.5 billion market cap.

I've been around rent rolls through my line of work a long time too so I can smell the bullshit from some of the posters here.

All the best.