RentRedi Review - why 4.9 stars?

Shlomi Lavi / updated: Apr 20, 2022

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What is RentRedi?

RentRedi is a property management software that provides customizable payment options for both landlords and tenants. These payment options include bank account, credit card and cash. With this software, landlords can prescreen prospective tenants, allowing them to identify high-quality tenants by running background checks, criminal history and financial information. Also, landlords do not have to bother about handling maintenance requests as tenants can submit all maintenance requests via the software tenant app, and the software handles the requests and provides status updates.

The software key features include rent collection, tenant & team communication, tenant screening, and maintenance coordination. RentRedi is a privately held company founded in 2016 by Ryan Barone. The company has about 11-50 employees with its headquarters in Manhattan, New York City, United States. RentRedi was recognized by CIO as one of the 20 Most Promising PropTech Solution Providers in 2020.

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Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

RentRedi pricing includes a monthly subscription, 3-month subscription and an annual subscription. The monthly plan costs $19.95, the 3-month subscription goes for $15/month, and the annual subscription costs $9/month. All the plans include unlimited tenants, properties, units and team members. However, tenants incur payment processing for each payment made to the landlord. If ACH is used, the payment processing fee is $1.00, and for cards, 2.9% + $0.30. Also, the tenant screening feature is for and paid by tenants at $35 only.

ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for RentRedi.

Pros

• RentRedi notifies landlords when tenants pay their rent
• The software offers a mobile app for tenants
• It makes it easy for users to send maintenance requests
• It allows tenants to schedule automatic rent reminders, and they can set up auto-pay as well

Cons

• Deposits do take over a week after payments have been made
• Better reporting options would be appreciated

How it stacks up?

Access a head to head analysis of RentRedi vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is RentRedi right for you or your business?

The software is fit for small, medium and large-sized businesses in the real estate industry. RentRedi is beneficial to both landlords, tenants and property managers.