Comparison

Lentra vs. doing nothing

The most common alternative and the one most rarely written down. Sometimes it is correct, and a proposal that cannot say when is not worth reading.

The case for doing nothing

It costs nothing, risks nothing, and commits no floor area. Residents have managed without this for the entire history of renting. In a building where shops are close, open late and residents have storage, the need this addresses is genuinely small, and the money is better spent on something they complain about instead.

Side by side

Where they actually differ

LentraThe alternative
Cost to the buildingFloor area, or a capital decisionNothing
Resident effortForty stepsA trip, or owning the thing
DifferentiationSomething a prospect has not seen that dayParity with everyone else
RiskA service that might underperformNone, and no upside
ReversibilityRemoval clause at end of termNothing to reverse

We wrote this table, so read it accordingly. Nothing in it is ranked: the right answer depends entirely on which job your building needs doing.

Choose doing nothing

Small buildings, residents with cars and storage, a high street two minutes away that is open late, or a property with a more urgent problem. Doing nothing about this and fixing the lift is usually the right order.

Choose a convenience hub

Residents repeatedly ask the on-site team for things, the building competes with several near-identical properties, or the lobby has floor area doing nothing. And when you want a feature used weekly rather than admired once.

What it costs

The money, honestly

Doing nothing has no invoice, which is why it wins most comparisons by default. Its cost is distributed and uncounted: time the on-site team spends fielding requests, viewings where the building looked like every other building, a resident who did not renew for reasons nobody wrote down. None of those are cleanly attributable to this decision and it would be dishonest to claim otherwise. What can be counted is what happens after an installation, which is why the measurement question matters more here than anywhere else.

Failure modes

How each one goes wrong

Every option on this page fails in a particular way. Knowing which failure you are signing up for is more useful than a list of benefits.

Nothing fails, and that is the point

Doing nothing has no failure mode. It has an opportunity cost, and opportunity costs are the easiest number in this industry to overstate. Be sceptical of anyone who quotes you one.

The building stays comparable

Where several near-identical properties compete on the same street, parity is a position rather than a failure. It is a defensible one when the rent is set correctly.

A hub fails visibly

This is the asymmetry worth naming before you decide. A half-empty, badly stocked unit in a lobby is worse than a blank wall, because it reads as something the building gave up on. That is the risk you take on by acting at all.

Due diligence

Questions worth asking before you decide

Ask these of us and of anyone else in the running. The answers separate the options faster than a feature table does.

  1. How many resident requests for physical items did the on-site team field last month? If nobody counted, that is the first thing to fix, and it costs nothing.
  2. What else is competing for the same money, and is any of it a complaint rather than an ambition?
  3. Is the floor area genuinely doing nothing, or is it doing something you have stopped noticing?
  4. If you did this and it underperformed, what would removal cost and how long would it take?
Questions

Asked about this comparison

What is the honest minimum size for this to be worth it?
Below a certain number of residents the service cost per use stops making sense and the answer is genuinely no. The threshold depends on the building rather than on a headline number, which is why the size question has a page of its own.
Is there a way to try this without committing?
Ask any provider for the early-removal and end-of-term terms before you discuss anything else. A short first term with a clean exit is the closest thing to a trial that exists in this category.
What would make you recommend doing nothing?
Late-opening shops a couple of minutes away, residents with cars and storage, a small resident count, or a more urgent capital problem in the building. Fixing the lift first is usually the right order.

Still weighing it up for your building

Tell us the property. If something else suits it better, that is what the proposal will say.

Request a proposal