RentRedi offers 2-day financing and same-day billing for rental payments

New Stripe integrations provide RentRedi landlords and tenants with more convenience and benefits through accelerated payment processing and more payment options

NEW YORK, 20 August 2024 /PRNewswire/ — RentRedian award-winning property management software that simplifies the rental process for landlords and tenants, has made its rent collection and payment features more convenient and user-friendly through integrations with Stripe Connect and Stripe Checkout. The new upgrades speed up the time it takes landlords to receive their rent payments by offering faster payment processing and more convenient payment options for tenants.

RentRedi uses Stripe Connect’s infrastructure for faster payment processing and has its Mobile and online rental collection features to provide more control over underwriting and onboarding processes, resulting in faster turnaround of rental payment funding. This reduces the time it takes for landlords to receive rental payments in their bank account to two business days.

“Landlords need an efficient and secure way to process the payments they collect from their tenants,” said RentRedi co-founder and CEO Ryan Barone. “We continue our customer-centric approach to product development by leveraging Stripe integrations to deliver the industry’s fastest payment processing solution, getting money to our landlords faster without charging an additional fee for express funding.”

RentRedi’s accelerated funding also includes same-day processing of ACH payments, which completes the payment transaction and makes funds available to landlords. This also benefits renters who use ACH to pay their rent, as funds are debited from their accounts faster and they have more accurate, up-to-date account balances, reducing the likelihood of overdrawing their accounts and the associated fees and penalties.

The Stripe Connect integration also allows landlords to accept payments from multiple sources, including cash via Chime payments, ACH, or credit card, making it more convenient for renters as well. “Landlords who offer their tenants convenient and flexible payment options are more likely to receive their rent payments more regularly and on time, which translates into more stable cash flow for landlords,” Barone added. “It’s a win-win situation that benefits both landlords and renters.”

An additional integration with Stripe Checkout allows RentRedi landlords to use a variety of different payment options when setting up and paying for RentRedi subscriptions – including Apple Pay, Google Pay, and all types of credit cards. The new integrations with Stripe Connect and Stripe Checkout provide RentRedi customers with an improved dashboard and user experience.

ABOUT RENTREDI

RentRedi offers an award-winning, comprehensive property management platform that simplifies the rental process for landlords and tenants by automating and streamlining processes. For landlords, RentRedi offers all-in-one web and mobile apps for collecting rent, listing and marketing vacancies, finding and screening tenants, signing leases, and managing maintenance and accounting. Tenants can use RentRedi’s easy-to-use mobile app to pay rent, set up automatic payments, build credit by reporting rent payments to major credit agencies, pre-qualify and sign leases, and submit maintenance requests.

Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks #180 on the 2024 Inc. 5000 list and #12 on the Inc. 5000 Regionals list and has been named an Inc. Power Partner, GetApp Category Leader, Capterra Established Player, and G2 High Performer and Momentum Leader based on user ratings and popularity of the software. To date, RentRedi has more than 35 billion US dollars of assets under management and nearly 200,000 landlords and tenants use the platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Plaid and Stripe to create the best possible customer experience. For more information, visit RentRedi.com.

Source: RentRedi