"Hammock is a technology platform that provides current account and data analysis services for the property sector. Hammock brings FinTech and PropTech together, helping landlords and property managers save time and money in the management of their finances.
Created by Manoj Varsani, a landlord who is also a technology expert with a career in the property sector spanning from peer-to-peer lending to online estate agents, Hammock is made by landlords for landlords. It unlocks the potential of digital current account services and open banking, bringing real-time insights and clarity to income and expense monitoring for private landlords and professionals in the property sector.
Hammock helps landlords, property managers and letting agents save time and money on:
- rent collection: transactions are monitored in real-time and incoming payments are checked against the expected ones. Missing payments are marked as overdue and flagged for immediate action;
- bookkeeping: all income and expense transactions are automatically reconciled with the relevant properties and tenants. All the information needed for tax filing is collected in real-time, saving the hassle of browsing through paper notes and bank statements for a last-minute rush;
- property ROI: the Hammock dashboard gives real-time profit and loss statements for each property in a portfolio. This makes it easy to identify the most profitable properties as well as any loss-making ones."