RentRedi

About RentRedi

RentRedi offers a cloud-based property management software platform tailored for independent landlords managing small to medium-sized portfolios. The company was founded in 2016 by the father-and-son team of Ryan and Ed Barone. The inspiration for the company came from CEO Ryan Barone's own frustrating experience with the rental application process in New York City. This personal pain point, combined with feedback from other landlords, evolved the initial concept from a tenant-focused app into a comprehensive management tool for property owners.

The firm operates on a subscription-based model, generating revenue through fixed-rate monthly, semi-annual, or annual plans that allow for an unlimited number of properties, tenants, and team members. Current pricing starts at $12 per month for the annual plan. Additional revenue streams are derived from fees for specific services, such as tenant-paid screening reports conducted in partnership with TransUnion, transaction fees for rent payments made via card, and optional add-ons like rental property accounting through an integration with REI Hub. The platform is designed with a mobile-first approach, providing landlords with a dedicated dashboard accessible via web and mobile apps, and a separate mobile app for tenants. This structure allows landlords to manage their properties remotely and efficiently.

The software provides an end-to-end solution for the entire rental lifecycle. For landlords, key features include syndicating listings to major portals like Realtor.com and Zillow, tenant pre-qualification and screening, electronic lease signing, and maintenance request management. A central feature is online rent collection, which accepts ACH, credit/debit cards, and even cash payments through a partnership with over 90,000 retail locations. The system also supports automated late fees, payment blocking, and financial reporting. For tenants, the mobile app facilitates rent payments, setting up autopay, submitting maintenance requests (including short videos), and an option to report on-time rent payments to credit bureaus to help build their credit history. Significant milestones for RentRedi include securing over $17 million in total funding, highlighted by a $12 million Series A round in 2022 led by K1 Investment Management. The company has demonstrated substantial growth, reporting a 395% two-year revenue increase and managing assets valued at over $28 billion as of early 2025.