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What is Nexus by Landlord Studio?

Nexus is a digital platform specifically created for Making Tax Digital (MTD) accounting and reporting, catering to letting agents in the UK and their landlord clients. This state-of-the-art portal effortlessly integrates with various agent systems like Reapit, PayProp, SME Professional, LettsPay, and Alto, bringing together essential property, ownership, rental income, and expense data into a landlord's account. Landlords can review transactions, adjust allowable expenses, enter relevant income or expenses, and both prepare and submit their quarterly MTD updates, in addition to filing the annual final declaration to HMRC. They can also invite an accountant to either oversee their records or submit paperwork on their behalf. Letting agents showcase Nexus through a supported platform, while landlords can activate their accounts via an invitation or a signup link from the agency. Importantly, Nexus operates as a unique product within Landlord Studio, focusing on landlords working with participating letting agents, rather than serving as an independent service for direct sign-ups. This distinctive strategy allows agents to refine their MTD workflow by leveraging existing data from their systems, ultimately simplifying the accounting process for landlords. By doing so, Nexus marks a pivotal shift in the way tax management is handled for both letting agents and landlords, enhancing efficiency and accuracy in their financial dealings. The collaborative nature of the platform fosters a supportive environment for all parties involved, ensuring that tax obligations are met with greater ease and precision.

What is ClearNow?

ClearNow is a digital service aimed at simplifying the rent payment process for landlords, property management companies, and tenants. Established in 2000, it has made the collection of rent more efficient and straightforward. Landlords using ClearNow can conveniently manage their rental income and expenses directly through their accounts without facing additional costs. The platform includes an income and expense tracking tool that aids in property management and produces valuable reports for tax-related needs. Property management firms that adopt ClearNow for electronic rent collection gain from a direct deposit feature that allows rental payments to be transferred directly to property owners' bank accounts, significantly reducing the workload for managers when it comes to disbursing funds. Consequently, property owners benefit from receiving their payments faster. Moreover, tenants who utilize ClearNow for their rent payments can have their payment history reported to the Experian credit bureau, which can assist them in building a credit history. This important feature not only improves tenants' financial opportunities but also encourages timely rent payments, fostering a better relationship between landlords and tenants.

Media

Media

Integrations Supported

Alto
LettsPay
PayProp
Reapit AgencyCloud

Integrations Supported

API Availability

API Availability

Pricing Information

£12/month
A 14-day free trial is available to invited landlords. Subscriptions are £12/month or £120/year, plus VAT; unlimited properties. Cancel anytime.
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

Landlord Studio

Date Founded

2016

Company Location

United Kingdom

Company Website

www.landlordstudio.com/uk/nexus

Company Facts

Organization Name

ClearNow

Date Founded

2000

Company Location

United States

Company Website

www.clearnow.com

Categories and Features

Tax Compliance

Not specified

Categories and Features

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