Latest news with #RentRedi
Yahoo
2 days ago
- Business
- Yahoo
RentRedi Launches Custom Website Builder to Help Landlords Personalize Rental Listings
New feature allows landlords to create branded listing pages directly within RentRedi's rental app without coding or third-party tools NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- RentRedi, the fastest-growing landlord software that makes renting easy for everyone, has launched a new Custom Website Builder. The user-friendly feature is designed to help landlords easily create personalized, professional websites to market their rental properties directly from within the RentRedi platform, providing them with a powerful new way to attract tenants. A video accompanying this announcement is available at: No technical expertise is required to use the RentRedi Custom Website Builder, where landlords can centralize their listings, highlight unit features, and provide application access on a branded webpage. Whether managing a single property or a larger portfolio, landlords can use the Custom Website Builder feature to streamline their marketing efforts and increase visibility with prospective tenants through a tailored online presence. 'We built the Custom Website Builder to simultaneously improve and simplify how landlords connect with renters,' said RentRedi Co-founder and CEO Ryan Barone. 'By giving landlords the ability to easily create and personalize a professional listing webpage in just a few clicks, we're helping them stand out in a competitive rental market, while keeping everything they need to promote and manage their rental business in one platform.' Within the RentRedi dashboard, landlords can enable their custom website with a single toggle, switching it on to create the webpage and keep it visible, and turning it off at any time with the same easy toggle feature when they no longer wish to display the site. Key features of the RentRedi Custom Website Builder include: A centralized webpage to showcase all available rental units Customizable branding, including company name, logo, and theme colors A live preview mode to view edits in real-time A unique, shareable URL to promote listings across marketing channels The Custom Website Builder is now available and marks another step in RentRedi's mission to empower landlords with accessible, tech-forward tools that simplify the rental process and enhance the tenant experience. For more information, visit About RentRedi RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi's all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi's easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests. Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company's Next Big Things in Tech list in 2024, as well as HousingWire's Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit CONTACT: RentRedi Media Contact: Jennifer Tolkachev jen@ in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
RentRedi Launches Custom Website Builder to Help Landlords Personalize Rental Listings
New feature allows landlords to create branded listing pages directly within RentRedi's rental app without coding or third-party tools NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- RentRedi, the fastest-growing landlord software that makes renting easy for everyone, has launched a new Custom Website Builder. The user-friendly feature is designed to help landlords easily create personalized, professional websites to market their rental properties directly from within the RentRedi platform, providing them with a powerful new way to attract tenants. A video accompanying this announcement is available at: No technical expertise is required to use the RentRedi Custom Website Builder, where landlords can centralize their listings, highlight unit features, and provide application access on a branded webpage. Whether managing a single property or a larger portfolio, landlords can use the Custom Website Builder feature to streamline their marketing efforts and increase visibility with prospective tenants through a tailored online presence. 'We built the Custom Website Builder to simultaneously improve and simplify how landlords connect with renters,' said RentRedi Co-founder and CEO Ryan Barone. 'By giving landlords the ability to easily create and personalize a professional listing webpage in just a few clicks, we're helping them stand out in a competitive rental market, while keeping everything they need to promote and manage their rental business in one platform.' Within the RentRedi dashboard, landlords can enable their custom website with a single toggle, switching it on to create the webpage and keep it visible, and turning it off at any time with the same easy toggle feature when they no longer wish to display the site. Key features of the RentRedi Custom Website Builder include: A centralized webpage to showcase all available rental units Customizable branding, including company name, logo, and theme colors A live preview mode to view edits in real-time A unique, shareable URL to promote listings across marketing channels The Custom Website Builder is now available and marks another step in RentRedi's mission to empower landlords with accessible, tech-forward tools that simplify the rental process and enhance the tenant experience. For more information, visit About RentRedi RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi's all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi's easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests. Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company's Next Big Things in Tech list in 2024, as well as HousingWire's Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit CONTACT: RentRedi Media Contact: Jennifer Tolkachev jen@
Associated Press
2 days ago
- Business
- Associated Press
RentRedi Launches Custom Website Builder to Help Landlords Personalize Rental Listings
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- RentRedi, the fastest-growing landlord software that makes renting easy for everyone, has launched a new Custom Website Builder. The user-friendly feature is designed to help landlords easily create personalized, professional websites to market their rental properties directly from within the RentRedi platform, providing them with a powerful new way to attract tenants. A video accompanying this announcement is available at: No technical expertise is required to use the RentRedi Custom Website Builder, where landlords can centralize their listings, highlight unit features, and provide application access on a branded webpage. Whether managing a single property or a larger portfolio, landlords can use the Custom Website Builder feature to streamline their marketing efforts and increase visibility with prospective tenants through a tailored online presence. 'We built the Custom Website Builder to simultaneously improve and simplify how landlords connect with renters,' said RentRedi Co-founder and CEO Ryan Barone. 'By giving landlords the ability to easily create and personalize a professional listing webpage in just a few clicks, we're helping them stand out in a competitive rental market, while keeping everything they need to promote and manage their rental business in one platform.' Within the RentRedi dashboard, landlords can enable their custom website with a single toggle, switching it on to create the webpage and keep it visible, and turning it off at any time with the same easy toggle feature when they no longer wish to display the site. Key features of the RentRedi Custom Website Builder include: The Custom Website Builder is now available and marks another step in RentRedi's mission to empower landlords with accessible, tech-forward tools that simplify the rental process and enhance the tenant experience. For more information, visit About RentRedi RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi's all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi's easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests. Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company's Next Big Things in Tech list in 2024, as well as HousingWire's Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi Media Contact: Jennifer Tolkachev [email protected]
Forbes
3 days ago
- Business
- Forbes
How Leveraging IRAs May Help Expand Your Real Estate Portfolio
Ryan Barone is cofounder and CEO of RentRedi, a property management software that simplifies the renting process for landlords and renters. Traditional real estate financing has become increasingly challenging due to high interest rates and lending standards that often require larger down payments. For landlords who may already be fully leveraged or who want to avoid taking on more personal debt, these market conditions create a significant hurdle to expanding a real estate portfolio. As a property investor and long-time renter, and through my interactions with customers and partners in the real estate space, I'm constantly learning about how investors can leverage alternative funding sources to grow their real estate portfolios and build long-term wealth. Here's what I've learned about using individual retirement accounts (IRAs) as a potential means to invest in real estate. By tapping into existing retirement funds, investors can often sidestep traditional loan restrictions, avoid personal debt and unlock capital that would otherwise be tied up in the stock market. However, the rules around using retirement funds for real estate can be complex. Therefore, it's important to work with a tax or legal professional to make sure you're compliant and understand the risks. If you want to directly invest in real estate, a self-directed IRA (SDIRA) is one option to discuss with your advisor. An SDIRA is a type of IRA that can give you more control over your investment choices, as you're able to invest beyond traditional stocks and bonds. The account is managed by a custodian who holds the assets on your behalf and helps make sure everything stays compliant. Using an SDIRA, you may be able to buy a variety of rental properties, from single-family homes and multi-family buildings to land and commercial properties, if they comply with IRS rules. The IRA must cover maintenance and other ownership-related expenses, and any income from these investments must stay in your IRA. That income may then grow either tax-deferred (with a traditional IRA) or tax-free (with a Roth IRA). However, there are strict rules you need to follow with an SDIRA. For example, the properties you buy cannot be for personal use, and you can't engage in property transactions with "disqualified persons," such as close family members or certain people related to you within an account. Additionally, all property expenses and income must go through the IRA account, not your personal finances, to keep everything separate. You don't need a self-directed IRA to add real estate to your retirement strategy. Using traditional or Roth IRAs, you may be able to invest in real estate investment trusts (REITs), real estate mutual funds, exchange-traded funds or publicly traded real estate companies. If you opt for an SDIRA, you may be able to partner with other investors, which can help you scale your portfolio faster. According to The Entrust Group, which specializes in SDIRAs, you may partner your IRA's funds with those from a business partner, another investor, etc., to acquire larger or more valuable properties that might otherwise be out of reach. This strategy can be useful if you're looking to invest in bigger multi-family properties that require more capital. However, when partnering with others, it's crucial to have clear agreements in place regarding the ownership structure, responsibilities and how profits or losses will be distributed. Additionally, be sure to consult with legal and financial professionals to comply with IRS regulations. While IRAs can be a valuable tool for real estate investing, you need to follow the rules carefully to avoid penalties. One important rule I brought up previously is to avoid doing business with family members or people you're closely connected to. If you break this rule, you could lose the tax benefits of your IRA. It's also crucial that you manage your expenses properly. As mentioned above, property-related expenses must be paid directly from your IRA, and any income must go back into the IRA. Mixing personal funds with IRA funds can lead to penalties and threaten your IRA's tax-advantaged status. Moreover, as Kiplinger noted, when you own real estate through your IRA, you can't claim the same tax breaks as landlords typically do, and it could complicate minimum distributions if your IRA requires them. Real estate investing through IRAs is one option investors can consider if they have a long-term vision and understand the basics of property investing. Whether you're buying physical properties through an SDIRA or exploring more indirect real estate investment options, these retirement accounts can provide valuable tax advantages to help grow your wealth. With the right planning and expert guidance, using IRAs for real estate can help you diversify your portfolio and may help position you for a secure financial future. However, keep in mind that investing in real estate through an IRA involves complex rules and tax implications. You should always consult with a qualified tax advisor or legal professional before making any decisions to ensure you're complying with all IRS regulations and avoiding costly penalties. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Forbes
04-04-2025
- Business
- Forbes
How To Leverage DSCR Loans To Start Or Expand Investments
Ryan Barone is cofounder and CEO of RentRedi, a property management software that simplifies the renting process for landlords and renters. I spend a good deal of time talking to landlords and property investors, and I can see that we're in a tough housing market—high prices, rising interest rates and strict lending requirements are making it harder for investors to break into real estate or expand their existing portfolios. Many of the aspiring investors I talk to would love to take advantage of the wealth-building benefits of rental properties, but their struggle to qualify for traditional loans due to insufficient income or a lack of steady, salaried employment can be a major barrier to reaching their goals. After speaking with investors at multiple conferences, I realized that many people don't know about debt service coverage ratio (DSCR) loans, a financing option specifically designed for rental properties. Unlike conventional mortgages, which rely on personal income verification, DSCR loans are based solely on the income potential of a renter-ready property. This means investors can qualify based on how much rent the property generates rather than their personal earnings. A DSCR loan is a financing option available to real estate investors solely for the purchase of rental properties. With this, lenders evaluate the property's income potential instead of the borrower's personal income. In order to determine who qualifies for a DSCR loan, lenders consider the debt service coverage ratio of a property, which measures its ability to generate sufficient revenue to pay back the loan. Lenders calculate this ratio by dividing the property's net operating income by its total debt obligations. A DSCR score of 1.25 indicates that a property's income projection is 125% of its debt obligations. This is typically the minimum score required by lenders because it provides some cushion to pay back the debt. One strategy you can use to improve your DSCR score is to optimize your rental income by reducing operating expenses and screening tenants to ensure reliable, on-time payments and reduced vacancies. Property management software can help you automate rent collection, maintenance requests, tenant screening and financial tracking. Unlike traditional financing, DSCR loans have strict requirements and restrictions. DSCR loans require properties to be move-in ready, with only minimal repairs allowed—typically no more than $2,000. Like score thresholds, though, repair allowances and criteria can vary by lender. Additionally, DSCR loans are strictly for investment purposes, meaning that you cannot reside in the property. Lenders expect these properties to generate rental income, and this is how they ensure your property will not serve as a primary residence. I find that the biggest draw of DSCR loans is their flexibility in terms of income requirements and loan repayment terms. Many lenders also offer customized terms, such as interest-only payments or longer-term loans with extended repayment periods (DSCR loans are available in 15-year, 30-year and 40-year terms), to help property investors maximize their cash flow. This is particularly useful if you're looking to acquire multiple rental properties since DSCR loans have no limits on the number of properties you can finance. This can help you to scale your portfolios more rapidly than you might with conventional loans. While DSCR loans offer compelling advantages, investors should also be aware of certain drawbacks. Down payment requirements tend to start at 20% to 25% of the property's purchase price, with interest rates ranging from 6.125% to 9.5%. These rates exceed those of conventional mortgages, leading to larger monthly payments and higher overall borrowing costs. On top of this, the maximum loan amount for DSCR financing typically ranges between $2 million and $5 million, which is no problem if you're purchasing a smaller investment property, but can restrict access to larger-scale investments. Additionally, some lenders require six months' worth of cash reserves, which can be challenging for those without significant liquid assets. Investors should also be mindful of potential prepayment penalties, limiting flexibility for refinancing or early sales. Moreover, these business-purpose loans lack the same consumer protections (such as the ban on prepayment penalties and slower foreclosure processes for missed payments) as conventional mortgages. While I have outlined DSCR's unique advantages, because of the potential pitfalls, it is even more important that you select properties that meet lender requirements and are more guaranteed to generate strong rental income. To ensure positive cash flow, I recommend that you focus on properties with rental income that significantly exceeds loan payments. Negotiate favorable purchase prices, set competitive rental rates and minimize vacancy periods through effective property management. On this last note, think about how you will manage the property. Hiring help can be expensive. If you can do it yourself using property management software, you can avoid spending 8% to 12% of your monthly rent on property management fees. Even though DSCR loans limit upfront repair costs, keeping your properties in excellent condition is essential for attracting and retaining tenants, lowering long-term operating costs and increasing net operating income (NOI). If needed, a property management tool can help you automate and schedule routine maintenance. Just be sure to set aside a reserve fund to avoid unexpected financial strain. Since DSCR loans rely on rental income, any disruption—such as vacancies, late payments or unexpected repairs—can strain cash flow and impact debt repayment. To mitigate this risk, investors should build in a buffer. For instance, if your lender requires a DSCR score of 1.25, shoot for 1.3 to 1.4 instead. This gives you breathing room for irregularities like seasonal vacancy or one-off repairs. Proper planning and setting aside cash can help protect against shortfalls and maximize the benefits of DSCR financing. This financing strategy can provide you with a competitive advantage and a greater potential for accelerated growth. By focusing on properties that are turnkey, renter-ready and produce strong cash flow, you can leverage DSCR loans to build a sustainable and profitable real estate portfolio. The information provided here is not investment, tax, or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
