Tom Allason

Tom Allason is the founder and CEO of Residently, a company that has revolutionized the rental property market, particularly in the UK and with plans to expand to the US.

Background

• Allason is a British entrepreneur with a significant background in building startups. He graduated from Dartmouth College and has spent the last 17 years founding and running various companies, including eCourier (now part of Royal Mail) and Shutl, a delivery marketplace acquired by eBay in 2013.23

Residently

• Allason founded Residently in 2017, driven by his own frustrating experiences as a renter in various locations around the world. The company aims to create a seamless and stress-free rental experience, often likened to what Uber did for transportation. Residently's app allows renters to find and rent properties, organize visits, and access various home services such as furniture rental, cleaning, movers, and utility setup.12

Business Model

• Residently operates in the $2 trillion home rental and services market. The company does not charge letting agents but earns a percentage of the rent if it secures a new tenant. It also generates revenue through commissions on ordered services.12

Expansion and Growth

• Residently has already established a network of 8,000 rental units in Britain and has thousands of tenant users. The company has recently completed a pilot in New York and plans to launch in the US market, which is significantly larger than the UK market.1

Leadership and Culture

• Allason emphasizes a resident-obsessed approach, focusing on building a lifetime relationship with renters. He manages a distributed global team and ensures team cohesion through shared values, equity ownership, and regular all-hands meetings.2

Personal and Professional Presence

• Allason is based in Bermuda and has been vocal about various issues, including his criticism of HMRC's treatment of startups. His LinkedIn profile can be found under the username 'tomall'.45