RentRedi, a leading property management software transforming the real estate and rental property industry, has raised $12 million in a Series A funding round led by K1 Investment Management (“K1”), with participation from TIA Ventures, Tribeca Early Stage Partners, and RiverPark Ventures.
More than 4 years ago, RentRedi was launched from CEO Ryan Barone’s personal difficulties with trying to rent an apartment in NYC. Speaking with friends, he found the application process for rentals was difficult for everyone, tenants and landlords. Gathering and storing documents and having them easily available for landlords was a problem – and RentRedi became the solution.
“Since then, RentRedi has continued to expand its range of services to cover the entire lifecycle of the rental process, including tenant screening, rent collection, listing syndications, maintenance, accounting and more. It has also seen impressive growth in the past two years, adding 10,000 actively subscribing landlords who manage 85,000 properties since 2020.” – FinLedger
The Future of RentRedi
Built with a customer-first mindset, RentRedi has created a platform-based directly on landlord feedback: mobile and web apps, automated rent collection, free listing syndications, tenant screening, maintenance, credit boosting for on-time payments, lease signing, and accounting.
“RentRedi is different from other players in the industry because [their] focus is on building features directly based on landlord feedback. This allows their tech to be more dynamic and constantly involved to solve the current, modern problems their customers face in the real estate market.” — AlleyWatch
Most recently, their release of a tenant web portal promises a progressive web and mobile app for not only landlords but their tenants as well.
RentRedi’s latest round of funding brings the focus on scaling their rental management platform: “RentRedi aims to continue to expand its automation of processes and add partnerships and integrations that will streamline the renting experience.” — PYMNTS. These partnerships currently include Plaid, TransUnion, REI Hub, and Latchel.
RentRedi is currently looking forward to continuing to be a pioneer in the PropTech space and optimizing their mobile-first tech for independent landlords.