What is RentRedi?
RentRedi is a property management platform used by thousands of landlords to manage their residential properties. This solution includes several useful features including automated listing syndication, online rental applications, electronic payment processing, and maintenance request tracking.
Table of Contents
- What is RentRedi?
- Full Review
- RentRedi Pricing & Cost
- RentRedi Features
- RentRedi Alternatives & Competitors
- Is RentRedi Right For You?
RentRedi was founded in 2016 by Ryan Barone. Since then, the company has grown to serve over 1,500 customers.
RentRedi offers several useful features that help landlords streamline their workflow and improve business operations. These features include automated listing syndication, online rental applications, electronic payment processing, and maintenance request tracking.
RentRedi is typically used by self-managing landlords for residential properties. However, some of RentRedi’s customers have used this platform for HOAs and smaller commercial portfolios.
Overall, RentRedi is an affordable property management solution that optimizes a variety of important tasks. We recommend it for independent landlords responsible for small to medium sized residential portfolios with 1 to 100 units. For those managing more than 100 units with access to bigger budgets, consider testing Buildium. If you want a property management tool that offers a free plan, we recommend Avail.
RentRedi Pricing & Cost
RentRedi is priced as a monthly subscription. The company offers a discount for longer contracts, and you can add an unlimited number of properties, units, tenants and teammates for no additional cost.
- Monthly subscription: $19.95 per month
- 3-month subscription: $15 per month
- Annual subscription: $9 per month
- ACH fee: $1
- Credit card transaction fee: 2.9% + $0.30
- Tenant screening fee: $35 per report
Below, we'll discuss the key features of RentRedi, and how it can help manage your properties. We include screenshots of the product to give you a sense of its design and layout.
RentRedi helps reduce vacancies by providing you with a variety of tools to market your properties. RentRedi’s features include custom property listings, automatic listing syndication, and the RentRedi listing page.
Custom Property Listings
RentRedi allows you to create customizable listings for your rental properties. The information about your properties that RentRedi can store and distribute include:
- Bedrooms & bathrooms
- Contact information
- Date available
- Lease terms
- Square footage
- Virtual tour link
Automatic Listing Syndication
RentRedi allows you to automatically post your rental listings to several property listing websites. Here are the property listing websites that RentRedi is partnered with.
RentRedi Listing Page
RentRedi allows you to create a listing page for each of your units. This listing page includes a shareable link that you can post on Facebook, Craigslist, or your website. Your prospective tenants can apply for your listings directly on this page.
RentRedi’s applicant management features help property managers choose the best prospective tenants. Several features that RentRedi offers include a prequalification survey, online rental applications, tenant cards, and tenant screenings.
With RentRedi, prospective tenants complete a 10-question prequalification survey before scheduling a showing, so you only meet the most qualified applicants. After you review the survey, you can accept or reject the applicant, and RentRedi will automatically send a notification alerting them of your decision. For accepted candidates, the notification will include instructions on how to schedule a showing with you.
Online Rental Applications
After the prequalification process, your prospective tenants are ready to fill out their application. You can send and receive online rental applications in RentRedi. This application will collect standard information found on most rental applications including:
- Bank information
- Contact information
- Employment details
- Guarantor information
- Lease start & end date
- Monthly rent
- Social security number
The Tenant Card feature helps you manage and compare applicants, so you can quickly find the best tenants. RentRedi will generate a tenant card for each application you receive. You can review applications and documents in the module, and quickly accept or reject prospective tenants.
After you make your decision, you can send an email to prospective tenants notifying them of their application status. RentRedi offers customizable response templates to accelerate communication.
With RentRedi you can run full credit, eviction and criminal reports certified through TransUnion. Tenant screenings cost $35, and are paid by your applicants. You can set up auto-tenant screening, that allows landlords to automatically receive a completed tenant screening with every application submitted.
RentRedi includes several features that help landlords streamline their daily workflow and increase operational efficiency. These features include a dashboard, mobile applications, and maintenance management tools.
The dashboard helps landlords keep track of important events and tasks. The dashboard is organized into sections that shows landlords any issues, prequalifications, applications, repair requests, and rent payments that are pending. These sections are customizable, and can be added, removed, or reorganized. Additionally, the dashboard is built on a progressive web app, and is optimized for all devices.
The dashboard also includes a calendar that helps landlords keep track of key dates. It integrates with Google Calendar, and any event that you add will automatically populate in both calendars.
Tenant Mobile App
RentRedi offers a tenant mobile app that allows tenants to complete a variety of tasks. This mobile app allows tenants to:
- Contact movers
- Enable recurring reminders
- Receive updates from the landlord
- Send payments
- Send prequalification surveys and applications
- Set up renters insurance
- Submit maintenance requests with video
RentRedi allows you to send push notifications through the tenant mobile app. RentRedi offers bulk notifications and conversation templates to help accelerate communication with your tenants.
Landlord Mobile App
RentRedi’s landlord mobile app allows you to remotely access key information and execute a variety of tasks. The landlord mobile app appears and functions very similarly to RentRedi on the browser.
RentRedi allows landlords to track and manage maintenance requests. In the maintenance request module, you can quickly categorize and prioritize maintenance requests, and add important details such as labor and material costs. Tenants can send 5 second videos with maintenance requests, which helps landlords accurately assess the issues.
You can also update the status of the maintenance work in this module. RentRedi automatically sends notifications to tenants, landlords, and personnel whenever the status changes.
Rent Collections and Payments
RentRedi allows you to receive rent and payments electronically. Tenants can make payments on the tenant mobile app by connecting their bank account, or inputting their credit card information. You can set up recurring payment schedules that will send tenants lease charges on a monthly, bi-monthly, or weekly basis.
Also, RentRedi includes an automatic late fees feature. You can add late fee rules, such as grace periods and recurring late fees. Different late fee structures can be assigned by property or by unit.
Unfortunately, RentRedi does not support outgoing payments. If you desire a software solution to manage payments to vendors and owners, you will have to purchase a separate accounting solution.
RentRedi helps you track and manage rent payments. All rent payments that are due and overdue are automatically recorded into this module. Payments can be exported as a spreadsheet, or a file formatted for Quickbooks.
RentRedi does not include many accounting features that you may desire including billing or tax management tools. If you desire these features, you will need to purchase a separate accounting solution.
With RentRedi, you can generate spreadsheet reports that can help you organize and categorize data. You can conveniently export spreadsheets from virtually anywhere in the platform. However, RentRedi does not offer the type of granular reporting you may find in other property management systems.
Here are the reports you can generate in RentRedi:
RentRedi Alternatives & Competitors
RentRedi competes with many other property management solutions that offer similar functionality. The best choice for you will depend on your budget, volume of properties, and feature preference.
RentRedi’s top competitors are:
Is RentRedi Right For You?
RentRedi is a popular property management platform used by thousands of landlords to manage their residential properties. This solution includes features that help landlords improve operational efficiency including automated listing syndication, online rental applications, maintenance request tracking, and electronic payment processing.
Overall, RentRedi is one of the most affordable property management solutions on the market. This solution is best suited for independent landlords that manage 1 to 100 units. If you’re willing to purchase a more expensive product equipped with more features, we recommend Buildium. If you desire a property management tool that offers a free plan, consider testing Avail.
If you're interested, you can start your free trial of RentRedi today.