Thrive is a cloud-based software service that helps RMCs (Residents' Management Companies), RTM (Right to Manage) companies, and their accountants manage and oversee blocks of leasehold or share of freehold properties across England and Wales. Whether you self-manage or work with a managing agent, Thrive helps your RMC or RTM stay organised, maintain oversight, and save time by simplifying everyday administration.
If your experience with managing agents hasn't been ideal, self-management with Thrive makes it easy to take charge and cut out the middleman. Thrive streamlines leasehold bureaucracy allowing you to take control and manage your block of flats directly. Self-managing your block with Thrive, you can:
If you want to continue with a managing agent — whether because you're completely satisfied or still weighing up self-management — Thrive helps you streamline administration of your RMC or RTM company, maintain accurate records, and oversee your agent's performance with full transparency. Through Thrive's step-by-step tutorials, you'll gain the confidence and knowledge to understand leasehold management, making self-management a genuine possibility for the future. And if you decide to take that step, you can upgrade at any time to a fully featured self-management subscription.
If you prepare service charge accounts for RMCs and RTM companies, Thrive makes your job easier by giving you direct access to your clients' financial records and simplifying the process of preparing accounts.
If you run an RMC or RTM company, you'll get your first 12 months free. The free trial gives you access to all Thrive features and subscription levels — from small blocks to larger portfolios of up to 10,000 properties. Once it ends, your property limit will depend on your subscription level, which you can upgrade at any time.
If you're an accountant, your subscription to Thrive is completely free — forever.
If you haven't managed a block before, don't worry, Thrive will offer the information and guidance you need with in depth tutorials and links to web resources.
You can invite others to join your subscription. The number of users you can add depends on your subscription level. Two types of users can be added:
Management expenses are an allowed service charge expenditure in most leases, so you shouldn't personally have to pay Thrive's monthly fee out of your own pocket. Instead, your RMC / RTM Company can either reimburse you for the fee, or pay it directly. Thrive is available as a fully-featured free trial for the first 12 months. After this trial period, full-featured subscriptions start at just £/month, no contract, cancel any time.
We are committed to protecting & respecting your privacy. Your email address and data will never be misused or sold to third parities.
| Self-Managed RMC/RTM |
Agent-Managed RMC/RTM |
Professional Managing Agent |
|
|---|---|---|---|
| Monthly Price | from £/month (incl. VAT) | from £/month (incl. VAT) | coming soon! |
| Free 12-Month Trial | |||
| Property Management Guidance | |||
| Learn-as-you-go Tutorials | |||
| System-generated task reminders help ensure that nothing is overlooked | |||
| Dashboard | |||
| Management Company & Block Health-Check Dashboard | |||
| Service Charge Accounting | |||
| Service Charge Accounting Record-Keeping | |||
| Upload Supporting Receipts & Invoices | |||
| Upload Supporting Bank Statements (for accountant reconciliation) | |||
| Comprehensive Service Charge Reporting for your Accountant | |||
| Backup & Share Completed Service Charge Accounts with Block Managers & Leaseholders | |||
| Management Company | |||
| Backup & Share your Management Company's Statutory Accounts | |||
| Company Confirmation Statement Reminders and Record-Keeping | |||
| Backup & Share Essential Documents (Articles of Association, Land Registry Title, Certificate of Incorporation, etc) | |||
| Directors' Meeting Minutes (statutory records of board meetings) | |||
| Register of Members / Shareholders | |||
| Block Management | |||
| Leasehold Property Record-Keeping | |||
| Optional Leaseholder Portal (for an additional monthly fee) | |||
| Multiple Blocks of Leasehold Properties | |||
| Finances | |||
| Service Charge Budgeting & Tracking | |||
| Customisable Budget Categories | |||
| Ground Rent Schedules & Invoicing | |||
| Customisable Service Charge Periods | |||
| Service Charge Apportionment (set up each leasehold property's proportion of shared building expenses in accordance with the lease) | |||
| Raise Service Charge Invoice Batches (easily invoice & email all your leaseholders at once using each property's apportionment with the correct statutory notices attached) | |||
| One-Off Service Charge Invoices (administrative fees, interest penalties for late payment, etc, with the correct statutory notices attached) | |||
| Track Overdue Invoices (arrears) | |||
| Send Invoice Payment Reminders | |||
| Leaseholder Service Charge Account Statements | |||
| Issue Credit Notes to Leasehold Properties (for an overpayment or budget surplus) | |||
| Make Personal Expense Claims (and upload supporting receipts) | |||
| Insurance | |||
| Management Company Insurance Records (such as Directors & Officers liability insurance) | |||
| Block Insurance Records (buildings insurance, public liability insurance, terrorism insurance) | |||
| Reinstatement Cost Assessment (RCA) Record-Keeping (record-keeping & reminders to ensure your block's buildings insurance cover is adequate) | |||
| Block Safety | |||
| Health & Safety / Fire Risk Assessment Record Keeping | |||
| Block Repairs & Maintenance | |||
| Supplier/Contractor Records & Agreements | |||
| Maintenance Issue Tracking | |||
| Prepare and issue Section 20 Notices, with all required statutory notices attached | |||
| Contact Record-Keeping | |||
| One central place to find all your management company and block contacts | |||