Rentec Direct Review - why 4.7 stars?

Shlomi Lavi / updated: Mar 09, 2022

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What is Rentec Direct?

Rentec Direct is a cloud-based property management software built for landlords, property managers, and real estate investors overseeing multiple property units. Rentec Direct has a host of features, with some discussed below:

• Accounting: With Rentec Direct, all stakeholders in real estate can access a full general accounting ledger, electronic payments, online and offline (cash) payment options, robust reporting tools, and regulatory-compliant software.
• Operations: Rentec Direct helps real estate agencies and property managers manage their operations with tools like a professional website for branding and marketing, electronic signature support, owner portal for data access, file library for document storage, track maintenance and repairs with work order management, and add unlimited users through secure access links.
• Leasing & Management: This set of features on Rentec Direct helps property managers manage leases, tenants, and vacancies. They can receive rent payments and maintenance requests on the Tenant Portal, conduct tenant screening, use lead tracking tools to hunt for prospects, and leverage email/SMS to stay in touch with new and existing tenants.

Rentec Direct was founded in 2007, and the company currently has its headquarters in Grant Pass, Oregon, USA, with an employee size between 11-50. Rentec Direct made the Entrepreneur 360 list for the Best Entrepreneurial Companies in America in 2019.

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Who is it best for?

Rentec Direct is best for landlords with one or few properties. Property owners, managers and investors looking for a property management solution for managing one or few properties can use this software. Derry Management and Mase Realty are some of the clients of RenTec property management solutions.

Main features and functionalities

Rentec Direct Pro comes with accounting, expense tracking, reporting, property ledger and tenant screening features. The full property and tenant accounting part can help users to make the record keeping process simple and accurate and offers tab based navigation between tenants, properties and other accounts and checking print directly. The automate ACH payments feature can help tenants to pay their rents securely online with recurring support for scheduled payments.

The tenant screening feature can help users to know the history of tenants, know if they are paying they have always paid their rents on time and built-in real-time financial background checking tool. It is also easy to publish vacant properties online using details and pictures as you will be provided a web address for listing ad to paper or craigslist. Applications can be also received online. The software also supports tracking expenses and income, managing general ledger and can go up and running in just 5 to 10 minutes.

What is the actual cost?

Rentec Direct pricing is based on two subscription plans— Rentec Pro and Rentec PM.

Rentec Pro is built for landlords and apartment managers and has features like a tenant portal and online rent payments. Pricing starts at $35 per month, with a 2-week free trial period offer. Rentec PM is built for large-scale property managers and has all Rentec Pro features plus owner portal and automated CAM charges.

Pricing starts at $40 per month, and a two-week free trial is available. Add one like tenant screening, electronic payments, and ACH payments can also be purchased for both plans.

ITQlick pricing score is 2.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Rentec Direct. You can also find here pricing information from Rentec Direct's website.

Pros

• Rentec Direct has reliable support personnel
• The marketing features on the platform convert excellently
• Rentec Direct has an effective Tenant Screening feature
• The property management solution offers auto sync bank transactions feature unlike other similar tools
• The property management software supports unlimited number of tenants and properties for users

Cons

• Deleting accounting errors can sometimes be problematic
• Creating reports on Rentec Direct does not allow customization and flexibility
• Paying owners via ACH feature of RenTec is not available for RenTec Pro users
• The property management solution doesn’t offer automate CAM charges feature like other similar tools
• The property management software doesn’t offer Trust account management and reporting features like other similar tools

How it stacks up?

Access a head to head analysis of Rentec Direct vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Rentec Direct right for you or your business?

Rentec Direct is a cloud-based property management solution built for landlords, homeowners, and property managers in charge of units between 10 and 1000+ in the real estate industry. Midriver Rentals, Oak Trail Properties, and Synergy Real Estate Group are customers that use Rentec Direct.