RentRedi Review 2024
With the help of our in-house editorial team, our platform’s members and external subject matter experts, this comprehensive review of RentRedi real estate software became possible and available for free to those considering this solution!
In this review we evaluated RentRedi’s features, plans, pricing and other important aspects to help our readers make a more educated purchase decision.
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What Is RentRedi?
RentRedi is a real estate software solution that streamlines and centralizes property management for landlords who want to self-manage their rental units.
As a full-suite property management solution, RentRedi handles all the services an independent landlord may need to manage their business.
Some of the services include automated property listing, online rental application, rent collection and real estate business accounting software, landlord-tenant communication, and more.
RentRedi is typically recommended for landlords with small to medium-sized residential portfolios with about 1 to 100 units.
What Is RentRedi Used For?
RentRedi is an end-to-end solution that streamlines the entire workflow, right from finding potential renters to onboarding them as tenants.
Here are the various ways independent landlords and tenants use the platform.
- Custom property listing — RentRedi lets users create customized property listings for their properties. Landlords can include key property details including the number of bedrooms and bathrooms, amenities, property images, a link to a virtual tour, and more.
- Automated rental listing syndication — The platform enables landlords to automatically post their rental listing on popular third-party listing websites such as Realtor.com and Doorsteps.
- Shareable listing page — Landlords can create a listing page for each of their units. RentRedi generates unique links for each page which can be shared to social media platforms.
- Tenant qualification surveys — With RentRedi, Landlords can require applicants to fill out a prequalification survey to find the most qualified candidates.
- Online rental application — After finding suitable candidates, landlords can send rental application forms to the prospective tenants. The RentRedi application collects essential tenant details, including their bank details, income, social security number, and more.
- Tenant screening — RentRedi partners with TransUnion to offer tenant screening services. The check runs a complete credit, eviction and criminal screening.
- Maintenance management — Through RentRedi, tenants can send maintenance requests directly to their landlord. Landlords, on the other end, can view and manage the requests.
- Rent collection — RentRedi allows tenants and landlords to send and receive payments electronically. Tenants can set up recurring payments while landlords can set up automated late fees.
- Accounting — The platform is equipped with an accounting module that logs all rent payments and clearly displays payments that are due and overdue.
- Data reporting — RentRedi lets landlords generate various reports, including rent, application, and maintenance reports, among others.
RentRedi Users Breakdown by Specialty
Is RentRedi Legit?
Yes. RentRedi is a legitimate tool for real estate investors that has been in service for more than five years.
Within that time, the fast-growing software company has received over $17 million in seed funding and has amassed users across all 50 states.
RentRedi has also built a robust social media network, particularly on Facebook, Instagram, and YouTube, where the company consistently posts informative and engaging content.
Additionally, the platform has corresponding Android and iOS mobile apps for both landlords and tenants which have been verified by Google and Apple.
RentRedi Customer Reviews
RentRedi Pricing
RentRedi isn’t free to use: landlords require a subscription to use the platform.
RentRedi Cost For Landlords
Currently, the company offers a single subscription which users can choose to pay for monthly, annually, or every 6 months. Here is how the prices are broken down:
- Monthly subscription (pay as you go): $29.95/month
- 6-month subscription (billed every 6 months): $19.95/month
- Annual subscription (billed yearly): $12/month
With a RentRedi subscription, independent landlords get access to all the platform’s in-app services, from property listing to rent collection and accounting.
Still, landlords will have to pay for add-on services, like maintenance coordination, separately.
RentRedi Cost For Tenants
There are certain fees tenants will incur while using the platform:
- Rent payments via credit/debit card cost 2.9% of the payment plus $0.30
- ACH or cash payments cost $1 per payment
- TransUnion screening reports cost $35 (one-time fee)
- Add-on services such as renters’ insurance and credit boost are available for additional costs
RentRedi Coupon & Promo Codes
RentRedi Features
As an advanced landlord software for small business, RentRedi is packed with plenty of property management features.
They work together seamlessly to help landlords manage their portfolios. Here are the platform’s main features.
Property Listing
With RentRedi, property owners can create rental listings for their units and customize them by including various essential details on the property. Some of the details include:
- Available amenities
- Number of bathrooms and bedrooms
- Property images
- Lease terms
- Date available for viewing
- Size (sq. feet)
- Link to a virtual tour of the unit
- Rent amount
Automatic Listing Syndication
After creating the rental listing, users can advertise it across various renowned third-party property listing websites. The following are some of the sites RentRedi offers rental listing syndication to:
- Doorsteps
- Realtor.com
- Zillow
- HotPads
- Trulia
RentRedi Listing Page
RentRedi lets you create a listing page for each of your units. The page comes with a unique link that can be shared on your website or social media pages.
When prospective renters click on the link, they’ll be redirected to your RentRedi listing where they can view the property and apply for tenancy.
Rental Applicant Vetting
RentRedi helps landlords pick suitable tenants through an applicant vetting process that is done in the initial stages of a rental application (before scheduling a showing)
To choose the best prospects, the platform offers a prequalification survey with premade 10 questions.
The questions are meant to collect information on the applicant’s financial situation, pets, smoking habits, and criminal history.
After reviewing the applicants’ responses, you can accept or reject them. RentRedi will then send a notification to the applicant notifying them of your decision.
For accepted applicants, the notification will include instructions on filling out the rental application and scheduling a showing with you.
Online Rental Application
Once you’ve found applicants that meet your criteria, you can start sending out rental application forms to your candidates.
The RentRedi application form collects basic renter information:
- Bank details
- Contact information
- Social security number
- Lease guarantor information
- Lease start and end date
- Monthly rent
- Income
- Employment information
Candidates then fill out the information and send the application to you.
As candidates send their applications back, RentRedi creates tenant cards for each individual to help you organize and quickly view each.
You can accept or reject an application and send emails to the prospects notifying them of their application status. RentRedi offers customizable email templates for quick communication.
Tenant Screening
Landlords can require prospective tenants to have official credit, criminal, and eviction screening reports certified by TransUnion.
The report provides comprehensive legal and financial information to help landlords identify high-risk candidates.
Tenant screening costs $35 and is paid by the candidate.
Centralized Resident Management
With RentRedi, landlords can automate and streamline their day-to-day operations and workflows.
The platform comes with a comprehensive dashboard that centralizes and tracks all important tasks and events.
The dashboard is organized into sections that clearly display different activities/tasks, including:
- Prequalifications
- Applications
- Repair requests
- Rent payments (due, overdue, and pending)
Furthermore, these sections can be added, removed, and reorganized.
The dashboard also includes a calendar to help track payments and other key dates. The calendar can be integrated with Google Calendar.
Rent Collection and Accounting
RentRedi works as a convenient rent payment app for landlords. It facilitates transactions for both tenants and landlords.
As a landlord, you have to add your bank details (where payments will be sent). You can also have various payment rules such as automatic late fees.
Tenants can connect their bank accounts or add their card information to make rent payments.
They can set up recurring payments whereby the payment amount will be automatically deducted from their bank or card on a chosen date.
RentRedi also comes with a simple accounting module that helps landlords track and manage payments.
However, it doesn’t provide as much functionality as dedicated bookkeeping and accounting software for real estate investors.
All payments that are due or overdue are automatically recorded and displayed on the accounting page. The data can be exported as a spreadsheet or QuickBooks file.
Maintenance Management
By using RentRedi, landlords and tenants can quickly deal with any repair issues.
Tenants can use the platform to send short videos of property damage to their landlords. Landlords will receive the repair request in the maintenance request module.
The request module lets landlords track, categorize, and prioritize repairs and include key details such as labor and material costs.
Once the maintenance work is done, landlords can update the status and RentRedi will automatically send a notification to the tenant.
Data Reporting
RentRedi analyzes and categorizes all important data into exportable reports. The following are some of the reports you can generate on the platform:
- Properties
- Applications
- Rent payments
- Renters
- Maintenance
- Prequalifications
Mobile App Access
RentRedi comes with landlord and tenant mobile apps for Android and iOS devices.
The landlord mobile app lets users carry out business functions from anywhere.
You can remotely access all your key information, send out applications, and communicate with tenants all through the app.
Similarly, the tenant mobile app allows renters to carry out a variety of tasks, including:
- Setting recurring payment reminders
- Contacting movers
- Receiving updates from the landlord
- Sending payments
- Submitting surveys and rental applications
- Setting up renters’ insurance
- Submitting maintenance requests
RentRedi Pros and Cons
Pros
- The platform provides a complete set of solutions for independent landlords which includes property marketing, online rent application, electronic payment, and maintenance tracking.
- The platform offers competitive pricing that includes unlimited property listings, tenants, and teammates.
- There are corresponding landlord and tenant mobile apps which allow users remote access and use.
- There is live chat customer support that is highly-responsive.
- RentRedi lets independent landlords advertise their properties across popular third-party property listing websites like Zillow and Realtor.com.
Cons
- RentRedi’s property management accounting tools are basic and don’t offer key services such as billing or tax management.
- The platform’s data reports aren’t comprehensive.
- The platform does not support outgoing payments.
RentRedi Integrations
RentRedi Alternatives
- TurboTenant
- RentSpree
- Baselane
- Avail
- DoorLoop
- TenantCloud
- Stessa
- RentPrep
- Buildium
- Innago
- Landlord Studio
- Hostfully
- Hostify
- Azibo
- AppFolio
- Propertyware
- RentPost
- Tenant Ledger
RentRedi Achievements
Awards & Recognition
Best Tenant Rent Collection Software App for Landlords (Awarded by Real Estate Bees)
Press & Media
RentRedi FAQs
Does RentRedi have a free trial?
No. Instead, RentRedi offers a detailed video demonstration of how the product works so users can decide whether the platform is suitable for them.
How many clients does RentRedi serve?
RentRedi serves more than 10,000 landlords who manage more than 85,000 properties across the U.S.
Who founded RentRedi?
The owner of RentRedi is a father and son duo: Edward Barone and Ryan Barone.
Ryan Barone currently handles the business and technical operations as CEO and CTO while Edward Barone runs marketing operations as CMO.
What is RentRedi’s customer service number?
Prospective customers and users can reach out to the company via the following contact number: (917) 793-6068.
They can also reach out via email at [email protected]
What is the RentRedi cancellation and refund policy?
Users can cancel their subscriptions at any time under ‘Settings’.
Once you’ve canceled the subscription, you will continue to access the platform’s services until the next billing date after which you will lose access.
RentRedi does not offer refunds for canceled subscriptions.
What awards and recognitions has RentRedi received?
RentRedi has received numerous recognitions from G2, a popular SaaS review site. In 2022, the company won awards for Best Support, High Performer, and Momentum Leader.
Is RentRedi secure?
Yes. The platform keeps all landlord and tenant information safe through stringent end-to-end encryption and password-protected accounts.
What are the RentRedi tenant fees?
The RentRedi application is free to download for tenants. There is no application fee during sign-up. However, tenants will incur certain charges while using the platform:
- ACH fee: $1
- Credit card transaction fee: 2.9% + $0.30
- Tenant screening fee: $35 per report
RentRedi Tutorials & Training
Is RentRedi Worth It?
Yes. As a full-suite local or long distance property management solution, RentRedi facilitates all business processes a landlord may need, including property listing and marketing, rental application and payments, and maintenance requests.
Furthermore, RentRedi comes with mobile apps that allow you to access your rental business from anywhere and at any time.
The platform is ideal for new and established landlords with up to 100 units.
The two only major downsides are RentRedi’s lack of robust landlord accounting software features and lack of a free plan.
You may need a separate app for advanced accounting services such as tax management.
RentRedi Contacts
- Website: Official website
- Phone: (917) 793-6068
- Email: [email protected]
- Address: 800 Troy-Schenectady Rd, Latham, NY 12110, United States
- Socials: Facebook, Instagram, Twitter, YouTube, LinkedIn
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About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.