RentRedi is a property management software that’s a great fit for small landlords or investors with a growing rental portfolio, however, it’s not a suitable application for property managers or associations.
RentRedi is property-centric management software, which means everything revolves around the property and not the property owner.
That’s why the first thing that a landlord should enter is the property address. The next is the property owner information including bank account details
Does RentRedi syndicate their listings with Zillow and the other real estate portals?
Unfortunately, the answer is no. RentRedi syndicates rental listings to Realtor.com and Doorsteps but not to Zillow and the other major real estate websites. This is the one thing that I don’t like about this app. Having to manually enter the property information on each website is a hustle but I understand why they can’t do it. Zillow started charging for listings and Apartments.com, the website that bought Cozy.co doesn’t want to play either.
However, Realtor.com is becoming a bigger player in the rental space, mostly because it syndicates most listings from the MLS and because it’s free.
Listing the property is done from the Properties tab with one click. There is also an option to ask potential applicants prequalifying questions before showing the property.
Screening Tenants is Easy Peasy
After a potential candidate is found, the landlord can email an application in seconds. Applicants can pay $35 and get screening from Transunion or the landlord may choose to process the application without the credit score and background.
Under the tenants’ tab, the rental owner can see all the applicants’ pending applications and can accept or reject the candidates from here.
The wording for the rejection is not legally adequate but could be copied from our website Rentce.com. The form is called Adverse Action letter.
What’s great about the Transunion Screening is that they give you not only a credit score but also a recommendation for accepting or rejecting a tenant. I find that their recommendations are spot on.
In addition to the credit report, the background check includes eviction and criminal check.
The eviction report is only from one state only so if the tenant had an eviction in another state, you wouldn’t see it. The criminal report sometimes is wrong. I also cross-check the report with the information from the application to make sure it’s the same person.
My favorite features: e-lease signing, autopay, tenant’s insurance, and in-app late rent payment reminders.
After an application is accepted, the landlord can upload a lease and email it to the tenants for e-signature. From the software, the property owner can also ask the tenant to turn the autopay option. This means no more late rent, of course, that’s optional but many tenants will do it especially if you give them an incentive to turn it on.
Our leases require tenants to carry insurance but it’s hard to keep track of when the insurance was taken and when it expires. RentRedi allows the tenant to purchase insurance and display it in the app.
Landlords can send a late rent push notification in the app or by email. Check Rentce’s rental forms for a sample letter.
What about maintenance?
For the landlords who hate dealing with maintenance issues, RentRedi in cooperation with Lachel offers maintenance coordination: emergency only or full coordination.
Latchel is an optional service, Rentredi maintenance requests will work without it.
The pricing for the emergency service is $25 per month plus $4 per unit and full coordination is $25 per month plus $12 per unit. But can you imagine never having to deal with tenant’s maintenance issues?!.
For more than five units, the cost is definitely worth it.
Latchel has their own contractors or they can dispatch the landlord’s contractors.
Reports: your rental portfolio at a glance
RentRedi offers a lot of reports. Landlords can see the total rent collected, late rent, and more. From the late rent report, the property owner can send a late rent message to all tenants who are late in minutes.
RentRedi has different pricing for small landlords and for investors with growing portfolios.
- Pricing starts at $15 per month or $9( prepaid for one year) for 1 to 3 units.
- For growing portfolios 4 to 10 units, $25 per month.
- Large portfolios of over 20 units, $99 per month.
Some of the links in this article are affiliate links. We get a small commission if you buy something using those links.