Rentigo

Rentigo is a boutique financial management platform offered by Qira that caters to the needs of property managers. According to the vendor, Rentigo provides solutions to improve cash flow and avoid bad debt for property management firms of all sizes. It offers a range of features including security deposit alternatives, rent payment services, end-of-lease settlements, and resident screening. Property managers, real estate professionals, rental property owners, leasing agents, and property management companies from various industries rely on Rentigo to streamline their financial operations.

Key Features

Security deposit alternatives: According to the vendor, Rentigo offers multiple solutions to replace traditional security deposits, allowing property managers to collect, manage, and refund security deposits in a more efficient and flexible way. These alternatives are designed to help renters avoid the burden of a large upfront payment and give them more control over their finances.

Rent payment services including Pay Later: Rentigo provides rent payment services, including the Pay Later feature, which allows residents to defer all or a portion of their rent and pay on their own terms. The vendor claims that with Pay Later, Rentigo pays the rent on behalf of the resident, ensuring a 100% collections rate for property managers. This feature offers flexibility to residents and helps them avoid late fees and other delinquency charges.

Dedicated support team: Rentigo offers 24/7 support for both renters and property management partners, according to the vendor. The dedicated support team is available to assist with any inquiries, issues, or concerns, ensuring that both renters and property managers receive timely and reliable support whenever they need it.

Fully integrated: Rentigo is bi-directionally integrated with most property management software partners, such as Yardi, Realpage, and RentManager, according to the vendor. This seamless integration is said to streamline the financial operations for property managers, eliminating the need for manual data entry and reducing the risk of errors. Property managers can easily access Rentigo's features and functionalities within their existing property management software.

Resident-friendly: According to the vendor, Rentigo focuses on providing resident-friendly services, such as Pay Later and Security Deposit Programs. These services are designed to empower residents to take control of their finances at a fraction of the cost compared to competitors. Rentigo aims to make the financial journey of residents easier and more accessible.

Make and save money at the same time: According to the vendor, Rentigo takes the burden off property managers by handling all aspects of the financial journey for residents. Additionally, Rentigo offers revenue-share opportunities, allowing property managers to make money while benefiting from Rentigo's services. This revenue-sharing model is claimed to create a win-win situation for both property managers and Rentigo.

Payment Processing: According to the vendor, Rentigo offers a fully integrated payment flow for residents to pay rent via credit or debit card, ACH, or scanned checks. Residents can sign up for Autopay, making the rent payment process more convenient and efficient. Rentigo also provides customization options for the payment processing stack to meet the unique business needs of property managers.

Pay Later: Rentigo's Pay Later feature allows residents to defer a portion or all of their outstanding balance for a low fee, according to the vendor. The fee for the amount deferred is claimed to be as low as 1.5%, which is significantly lower than the cost of late fees and other delinquency charges. By enabling residents to pay later, property managers can ensure a higher collections rate and avoid the hassle of chasing down overdue payments.

Security Deposit Programs: According to the vendor, Rentigo's security deposit program offers an alternative to the traditional lump-sum payment at move-in. Renters have the option to pay a nominal monthly fee instead of a large upfront security deposit. Rentigo assumes the risk and responsibility for the security deposit, providing peace of mind for both renters and property managers.

End-of-lease Settlements: According to the vendor, Rentigo's collections service simplifies the process of cleaning up delinquent accounts at the end of a lease. Rentigo acts as a property manager's third-party collections agency, tracking down residents and creating payback plans. This service is claimed to help property managers recover outstanding balances and ensure a smoother transition between leases.