Is RentRedi Worth the Money? Features, Savings & Time Gains for Landlords

RentRedi offers an award-winning property management software dedicated to simplifying and streamlining the rental experience for landlords and tenants. We provide a comprehensive set of tools that help investors and landlords manage their rental business—from rent collection to tenant screening to maintenance, all in one platform.

However, budgeting is important when it comes to managing rentals. So, is RentRedi worth the money it costs to manage your rentals using our platform? Yes, you can collect on Zelle, go list on Zillow, and run your own application. But those platforms are all in different places and time-consuming—creating a separate account for all these various platforms! Instead, with RentRedi, you get a smart app you can use to present yourself as a real estate professional to your tenants and other landlords.

Key RentRedi Features

1. Online Rent Collection

• Automatic payments, deposit tracking, and status updates
• Create custom automated late fees
• Collect ACH, cash, card payments

Time Savings: Traditional methods like paper checks and in-person collection can take 5-10 hours a month, depending on the number of tenants. RentRedi automates this, saving nearly all that time. Additionally, avoiding legal fees or chasing late payments could proactively save another $200-$500 a year.

2. Prequalification, Application, and Screening

• Credit, criminal, and eviction reports certified by TransUnion
• Automatically verify a tenant’s assets and source of income
• Create custom applications and prequalifications

Landlords spend 1-3 hours per applicant to screen and review documents. RentRedi automates prequalification, screening reports, and application collection, saving around 2-4 hours per applicant.

3. Maintenance Your Way

• Tenants submit maintenance requests through the RentRedi tenant app
• Add your maintenance team for free
• See videos and photos of the issues
• If you prefer, one of our partners can handle all of the maintenance for you.

Tracking and managing maintenance manually takes around 3-5 hours per request. RentRedi allows tenants to submit requests, track progress, and send invoices, saving 10+ hours a month for a landlord managing multiple properties.

Prevent expensive repairs by addressing issues faster. Fewer missed or delayed repairs due to disorganization means fewer costly issues down the line. If one emergency repair is avoided, you could save $1,000 or more, depending on the repair type and severity of the issue.

4. Listing and Marketing

• Post listings to Zillow, Trulia, HotPads, and Realtor.com
• Get shareable listing page for social media, email, text, websites, and more
• Reduce vacancy and turnover time
• Build your own custom website builder

Listing properties on multiple sites manually can take 5-8 hours per vacancy. RentRedi automatically distributes listings across platforms, potentially saving 3-5 hours per property listing.

5. Lease & Document Management

• Store digital lease agreements securely within the app
• Send and sign lease contracts to tenants
• View upcoming expiring leases

Save 2-5 hours trying to negotiate with tenants on when and where they can sign their leases. Instead, RentRedi enables you to send the lease through the app, directly to your tenant. This saves the amount of time spent trying schedule and navigate settings to get leases signed.

6. The Home Depot Pro Savings

RentRedi costs landlords $144 per year or $12/month for those choosing the annual plan.

According to The Home Depot, our average customer savings for RentRedi landlords is 8.3% of spend, so most landlords using our Home Depot Pro account recouped their RentRedi annual cost in just 3 months at The Home Depot!

Benefits of Using RentRedi

• Efficiency: Automates and simplifies time-consuming tasks, allowing landlords to manage properties more effectively.
• Organization: Keeps all rental information, documents, and communications organized in one place.
• Convenience: Offers flexibility and accessibility through mobile and web platforms, enabling management on-the-go.
• Professionalism: Enhances the rental experience for both landlords and tenants through streamlined processes and effective communication.
• Scalability: Suitable for landlords managing a single property or multiple units, with features that support growth and expansion.

RentRedi Pricing

RentRedi offers subscription-based pricing plans tailored to different needs and property portfolios. Plans typically include access to all features with options for monthly, 6-month, or annual billing. 

Here’s a breakdown of how RentRedi is worth the cost and saves you money:

Tax Benefits and Time Savings

Your time using RentRedi to manage rentals helps to establish yourself in the eyes of the IRS as a real estate professional which can result in thousands of dollars in allowable deductions each year!

Time-saving RentRedi Features that Increase Value

• Credit Boost Feature: RentRedi helps tenants improve their credit by reporting on-time rent payments to the 3 major credit bureaus TransUnion, Experian, and Equifax—leading to more on-time payments for landlords.
• Tenant Screening: The importance of thorough tenant screening is astronomical, and RentRedi simplifies this process. Get TransUnion-certified credit, criminal, and eviction reports. Plus, get Plaid-certified Proof of Income verifications.
• Auto-Pay and Auto-Late Fees: Tenants can set up automatic payments to ensure they pay rent on-time, every-time. Additionally, landlords can set up automatic late fees so that they are automatically enforced and tenants are charged based on customizable late fee rules.
• Syndication and Application Management: These features save landlords time and reduce vacancies when using RentRedi’s custom prequalifications, applications, tenant screening, and listing services. In conjunction, landlords have a powerful tool in their hands to streamline the entire renting process.

RentRedi Reviews & Real-Landlord Testimonials

“Having access to tenant screening is really important to me—not sure how I’d screen a tenant without RentRedi. It helps that its integrated. The value is its ease of use and peace of mind knowing it’s a legit screening.

Also, collecting rent is convenient and easy, I get my money faster. And I’ve saved over $600 a year with RentRedi’s Home Depot discount—and I use it every year doing renovations and buying appliances.” – Kelly, RentRedi landlord.

Conclusion

RentRedi serves as a comprehensive solution for smart property management, combining essential tools and features into an intuitive platform. It aims to reduce the complexities of renting properties by providing efficient, organized, and user-friendly services that benefit both landlords and tenants.

For more detailed information or to explore specific features, visit RentRedi’s website.