Bill Staniford, CEO
The real estate sector is targeted as one of the main sources of tax revenue by state governments across the U.S. It is thought that people associated with the real estate sector, especially property owners, are multi-millionaires due to which, they are weighed down by huge tax amounts or taxed into oblivion. However, in reality, the real estate industry operates on wafer-thin margins. There is a pressing need for financial solutions that help in adding additional revenue to property owners and function without being charged exorbitant rates by the solution provider. Here, a fitting solution that is uniquely positioned at the convergence of proptech and fintech and offers financial products with assistance in property management can be of great help to the real estate landscape. En route to changing the traditional property management ecosystem is Rentigo. With its groundbreaking technology, the company helps landlords and property managers make property management more profitable.
Rentigo’s revolutionary platform enables property owners and managers to connect with tenants, and handle the monthly rent collection, daily maintenance requests, and the ongoing property management tasks. The comprehensive platform unites payments, marketing, and operational processes for property owners and managers and offers it through its free, end-to-end tenant facing platform.
“We create customized applications that provide quick on-the-go solutions from vacancy tracking to digitally processing payments and dues for property owners and managers bringing great benefits to their company and tenants,” says Bill Staniford, CEO of Rentigo. With a long history in the proptech space, Staniford’s fore vision of a company at the crossroads of proptech and fintech that delivered solutions to property owners and property managers resonated with Rentigo’s ideology and thus began his journey with Rentigo.
The company goes the extra mile to provide best-in-class technology to both tenants and property managers. Owners can handle multiple properties or units by organizing their buildings or communities as per their convenience. They can sort the blocks, building, or a particular line using Rentigo and easily communicate with tenants and respond to maintenance issues quickly. In addition to streamlining accounting systems and simplifying different tasks for property owners and managers, Rentigo offers increased convenience to tenants as well. Upon installing the application, tenants can pay rent online through their choice of payment —ACH, debit, or credit cards. They have direct access to owners and can report any maintenance issues in their living quarters. Rentigo performs all the necessary integrations and streamlines the information filled in by the tenants in an automated manner and conveys to the manager. The robust platform integrates with major building management systems such as Yardi, Rent Manager, and MRI, or can be utilized as a standalone system.
What is unique about Rentigo is their ability to help customers grow as a brand rather than building themselves as a brand, that too, without charging them. Rentigo has added another feather to its cap by being the first payment processor for the Department of Housing and Urban Development. The department had decided to discontinue the acceptance of physical checks and embrace digitalization and Rentigo’s platform ticked off all the boxes on their checklist for a flexible payment processing solution. The company assists partners in using the software through emails, and YouTube tutorials and its support team helps tenants in uploading their information on the platform and clearing their doubts.
As contactless solutions become the ideal choice due to the current pandemic scare, Rentigo has strengthened its market presence with a far-sighted solution that removes the physical contact, cost, and legwork involved in chasing written checks by facilitating online payments. Going forward, the company plans to create more financial products and services like flexible rent, deposit alternatives, and insurance products and offer them through the platform. Through its partnership with the Department of Housing and Urban Development, Rentigo is expanding rapidly and intends to go global in the coming years.