RentRedi is a property management platform that offers a comprehensive solution for landlords and property managers. The platform has earned a 4.23 out of 5 rating as one of our top property management companies for small businesses. This rating was determined by examining the platform’s pricing structure, ease of use, help and support offered, and features like tenant portal, rent collection, and digital signature capabilities. In our expert RentRedi review, we found that RentRedi is an ideal platform for processing tenant screening.
Pros
- Streamlined listing management
- Customizable rent payment options
- Ability to pass on payment processing fees
Cons
- Added RentRedi cost for extra features
- Integrations may be limited
- Required tenants to have some technological capabilities
Recommended For
- Ideal for landlords of all experience levels
- Best choice for property managers implementing automatic fees
- Perfect for landlords who need to manage their own listings
Not Recommended For
- Not ideal for users with strict budget constraints
- Not suitable for users who require extensive third-party integrations
- Not for landlords with tenants who prefer to mail payments monthly
- Monthly: $19.95 per month, renews annually
- 6 Months: $15 per month, renews every six months
- Annual: $9 per month, renews annually
RentRedi Reviews: What Users Think
Many positive RentRedi reviews highlighted its effortless approach and exceptional customer support. Users appreciate the platform’s ability to streamline tasks such as rent collection and maintenance requests. The addition of their integration with Latchel further enhances its value by efficiently managing maintenance requests. This partnership reduces the burden on property managers by outsourcing the maintenance services. Reviewers also highlighted RentRedi’s automation features, like rent reminders and late fees, while enjoying the diverse payment options available to tenants.
Negative feedback on RentRedi emphasized issues with features like lease uploads and signature. Customers expressed frustration that they were not adequately informed that the feature would not function without linking a payment account and obtaining underwriting approval. Another user also mentioned launching the platform proved to be a bit cumbersome. An alternative cloud-based property management solution for property managers with highly rated customer support for implementation and in-app messaging tools is Appfolio.
Would Our Expert Use RentRedi?
In our RentRedi review, the platform is a great property management solution that stands out for the ability to streamline tasks such as communication with tenants and property-related administration. The ability to send customized in-application notifications to tenants means property communication doesn’t get lost in inboxes or interfere with mobile messaging. The automation capabilities, including rent reminders, late fees, and maintenance requests, also reduce the time and effort required when managing multiple units.
Even with the robust list of features, there are some improvements that could be made to make it a more enticing platform for property managers. The platform could incorporate some property intelligence data to help landlords have easier access to property data and analytics. We believe that their pricing structure could be tiered instead of being based on the length of access and renewal time frame. Not every property manager will need all the services, so perhaps those who do need all the features could pay a fee reflecting their requirements.
RentRedi Alternatives
If you’re exploring property management solutions that offer online payment processing, lease management, and listing marketing features, these options can be worth considering as alternatives to RentRedi software:
Software |  |  |  |  |
|---|---|---|---|---|
Best For | Property management system with accounting and banking capabilities | Designed for landlords managing multiple properties | Screening new tenant applications | Best for free online tenant payments for e-check or ACH |
Key Features |
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Starting Prices | $49 per month | Free | Free | $41 per month |
Learn More |
RentRedi Plans & Pricing
Landlords curious about RentRedi’s costs will find that all the pricing plans include the same features, differing only in monthly fee and time commitment. Our pricing score is lower due to the lack of free trial or free plan available. All plans also come with RentRedi customer service via phone, email, or live chat. This flexibility ensures landlords and property managers can select the best pricing plan for their needs and budget.
Plans | |||
|---|---|---|---|
Monthly | 6 Months | Annual | |
Who Plan Is Best For | Ideal for landlords who want to try out RentRedi's features before making a longer commitment | For landlords who want to capitalize on the plan savings but have a lower time frame | Best for real estate professionals confident in their ongoing property management requirements |
Annual Price Range ($/User/Month) | $19.95 | $15 | $9 |
Mobile Access | ✓ | ✓ | ✓ |
Lease Signing | ✓ | ✓ | ✓ |
Payment Processing | ✓ | ✓ | ✓ |
Tenant Communication | ✓ | ✓ | ✓ |
Document Storage | ✓ | ✓ | ✓ |
Marketing Capabilities | ✓ | ✓ | ✓ |
Rent Receipts | ✓ | ✓ | ✓ |
Add-ons
- Premium maintenance: Through a partnership with Latchel, landlords can automate maintenance tasks. Latchel will promptly reach out to vendors and provide expert troubleshooting to tenants when maintenance issues arise.
General RentRedi Features
- Lease management
- Electronic rent payments
- Tenant application
- Offers tenant’s rental insurance
- Helps tenants increase credit score
RentRedi provides all the necessary features that help real estate professionals manage their real estate listings. The platform’s ability to process rent, screen, tenants, market available listings, and manage tenant maintenance requests streamlines all tasks into one easy-to-use platform. These features empower investors to attract quality tenants, maintain their properties efficiently, and achieve financial success.
Advanced RentRedi Features
These advanced features not only enhance operational efficiency but also contribute to a more seamless and organized property management experience. Read the details about each feature by clicking on the tabs below:
Cash Rent Collection
- Available at 90,000 retail locations
- Track all payments online
- Reduces lost checks in the mail
Cash rent collection caters to tenants who prefer or rely on making cash payments. The partnership with Chime offers convenience to tenants who may not have bank accounts. Tenants can deposit cash at over 90,0000 locations like Walmart, 7-Eleven, Walgreens, etc. This flexibility can attract a wider range of tenants and reduce the risk of missed or late payments. In addition, the platform streamlines the tracking of cash payments, so property managers save time having to track down or follow up on payments.
Cash payment locations (Source: RentRedi)
Tenant Screening
- Thorough background checks
- Credit history evaluation
- Rental history verification
Performing tenant screening ensures prospective tenants meet specific criteria for responsible renting. With RentRedi’s tenant screening, you can perform background checks, evaluate credit histories, and verify rental histories. This helps in selecting tenants who are more likely to fulfill their lease agreements and maintain the property appropriately.
Credit report example (Source: RentRedi)
By screening tenants rigorously, you can reduce the risk of late payments, property damage, and eviction proceedings. This ultimately leads to a more secure and profitable investment, as it minimizes the potential financial and legal complications that can arise from problematic tenants.
Listing Marketing
- Multi-platform property listing
- Customizable property descriptions
- Share high-quality images and videos
Listing marketing is a pivotal tool to maximize a property’s exposure and attract potential tenants. RentRedi offers a feature-rich listing marketing tool that allows you to create engaging property listings across multiple platforms like Zillow, Trulia, and HotPads. The ability to customize property descriptions and showcase high-quality images and videos enhances the appeal of your properties to prospective tenants.
Listing marketing on various devices (Source: RentRedi)
With the RentRedi listings platform, landlords can share a professionally designed marketing page of their listing to social media sites like Facebook and Craigslist. RentRedi provides unlimited marketing pages and allows for tours to be scheduled directly with qualified tenants.
Electronic Signature
- Secure and legally binding digital signatures
- Convenient lease agreement signing
- Streamlined document management
The electronic signature feature provided by RentRedi allows for the secure and legally binding signing of lease agreements and other important documents directly through the Tenant Application. This feature simplifies the leasing process by enabling tenants to sign agreements digitally, reducing the need for physical paperwork and in-person meetings. Additionally, electronic signatures facilitate streamlined document management, making it easier to keep track of leases, renewals, and other essential paperwork through the platform.
Mobile lease signing (Source: RentRedi)
Tenant Portal
- Online access for tenants
- Rent payment and maintenance request submission
- Convenient communication channel
For landlords, the tenant portal serves as a convenient communication channel to directly interact with tenants and efficiently handle their requests. Within their portals, tenants can easily set up insurance to comply with their lease requirements and report on-time rent payments to support better credit scores. Tenants can also access rent payment and maintenance request submissions through the tenant portal.
Tenant mobile application
(Source: RentRedi)
Streamlined Maintenance Requests
- Centralized maintenance request portal
- Quick submission and tracking
- Integration with preferred vendors
RentRedi provides a centralized portal for tenants to submit maintenance requests quickly and conveniently. This feature allows for efficient tracking and management of maintenance needs to ensure that issues are addressed promptly. Through the app, tenants can include a five-second video accompanying their request for property managers to better understand the issue. When issues are completed, tenants will receive automatic status updates.
Maintenance request video (Source: RentRedi)
Accounting Automation & Reports
- Automated rent reminders and late fees
- Accounting reports and statements
- Income and expense tracking
Accounting and robust reporting tools offered by RentRedi allow investors and landlords to maintain financial control over their rental properties. With automated rent reminders and late fees, you can ensure consistent and timely rent collection, reducing the risk of late or missed payments. RentRedi’s accounting reports and statements simplify the tracking of income and expenses associated with your rental properties. As landlords gain a deeper insight into their finances, they are empowered to make well-informed decisions, optimize their budgets, and strategically plan for future investments.
Accounting dashboard (Source: RentRedi)
Ease of Use
What makes RentRedi exceptionally user-friendly is its intuitive interface that gives property managers easy access to all platform features. RentRedi’s automation features, such as automated rent reminders and late fees, greatly reduce manual administrative work to enhance overall efficiency. Additionally, this investor platform offers a centralized tenant communication hub, making it convenient for property managers to address tenant inquiries and maintenance requests promptly. The video maintenance requests support the communication for a better understanding of the tenant’s needs. These combined features contribute to RentRedi’s ease of use and help simplify property management.
How We Evaluated RentRedi
We evaluated numerous property management solutions based on pricing, feature availability, customer service, and user-friendliness to uncover which provider was best for property owners. We made sure to include features such as tenant screening, communication, and accounting, which are needed to successfully manage a landlord’s properties.
Additional factors used in assessing the best property management software for small businesses are:
30% of Overall Score
Based on various property management features offered that help landlords and property managers simplify list and market properties, screen tenants, and track financials.
20% of Overall Score
Pricing is based on the cost structure and a la carte options of property management services for landlords and tenants.
15% of Overall Score
Based on various tenant communication features offered that help landlords and property managers to engage and connect with their tenants.
10% of Overall Score
Based on how easy it is to navigate the provider interface and if it provides hassle-free transactions and communication between property owners and tenants.
10% of Overall Score
Based on customer feedback for each program, with particular attention given to reviews of the product and popularity of the provider, to certify the course meets user satisfaction.
10% of Overall Score
Expertise in the field and firsthand experience with the providers allow us to evaluate the standout features, value for the money, and ease of use of property management software.
5% of Overall Score
We looked into the convenience and attainability of customer service for technical support, onboarding, and training.
Bottom Line
RentRedi is a versatile platform that empowers landlords with a wide array of features. From property management essentials to tenant-centric tools, it makes the entire rental property management process more efficient and successful. It not only safeguards your investment but also ensures the selection of the right tenants, so investors can enjoy greater peace of mind while optimizing their property portfolio for long-term success.
