Rentec Direct Review, Features, Pricing, And More
Rentec Direct is a cloud-based property management software with features such as online payments, tenant screening, and lease agreement storage. It offers excellent customer support and is affordable and customizable.
Rentec Direct Review: Rentec Direct is a cloud-based property management software designed for landlords and property managers. Founded in 2007 by Nathan Miller, who was managing his own rental properties and found it increasingly difficult to keep track of maintenance, rent payments, and other resident requests without property management software. With a background in software development, Nathan began creating a robust property management software application to automate and streamline many activities that save time and increase accuracy.
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Since releasing its first property management product, Rentec Basic, which is still available today for free for anyone managing up to 10 properties, Rentec Direct has expanded its offerings with Rentec Pro and Rentec PM. It has established itself as a dependable provider of software and data analytics to the real estate industry, providing nuanced features for property accounting like trust accounting and 1099-MISC eFiling.
Rentec Direct offers a range of features, including customized websites, online payments, vacancy listings, tenant screening, lease agreement storage, and more. The software is user-friendly, with a mobile app and portal for both property owners and tenants. Rentec Direct provides excellent customer support, with live customer service, online chat, and quick response times. The software is affordable and customizable based on the number of units to be managed. Rentec Direct has grown over the years, and its software is easy to learn and use, making it a popular choice for property management needs. In this Article You get full Rentec Direct Review.
- User-friendly software with a range of features for property management.
- Affordable pricing and customizable plans based on the number of units managed.
- Excellent customer support, with live customer service and quick response times.
- Mobile app and portal for both property owners and tenants.
- Nuanced features for property accounting like trust accounting and 1099-MISC eFiling.
- No option for manual rent collection or paper checks.
Rentec Direct Review: Rentec Direct Benefits
The benefits of using Rentec Direct as a property management software are numerous, including:
Automating and Streamlining Activities
Rentec Direct helps automate and streamline many activities related to property management, which saves time and increases accuracy. It includes features such as automated rent collection, work order management, maintenance requests, and more.
Rentec Direct provides customizable features based on the number of units to be managed, making it an affordable option for small to medium-sized property management companies.
Nuanced Property Accounting
Rentec Direct offers nuanced property accounting features like trust accounting and 1099-MISC eFiling, making it easier to manage finances and taxes.
Mobile App and Portal
Rentec Direct provides a mobile app and portal for both property owners and tenants, making it easier to manage properties on the go.
Excellent Customer Support
Rentec Direct provides excellent customer support with live customer service, online chat, and quick response times.
Rentec Direct offers a tenant screening service, which helps property managers find the best tenants for their properties, reducing the risk of eviction and property damage.
Rentec Direct is an affordable option for property management needs, with a free version available for managing up to 10 properties.
Rentec Direct’s software is easy to learn and use, making it a popular choice for property managers with varying levels of experience.
Overall, Rentec Direct provides a comprehensive property management software solution that saves time, increases accuracy, and makes it easier to manage rental properties.
Rentec Direct Review: Rentec Direct Features
Rentec Direct Software offers a comprehensive suite of features designed to streamline property management tasks and make them more efficient. Here are some of the key features of Rentec Direct:
Rentec Direct Accounting Feature:
Rentec Direct offers a range of accounting features that help property managers and landlords effectively manage their finances. Here are some benefits of these features:
Online Property Management
Rentec Direct allows you to manage all your properties online, from anywhere in the world. You can access your accounts, manage your portfolio, and communicate with your tenants, owners, and vendors with ease.
Rentec Direct’s ledger accounting system is designed to help property managers and landlords keep track of all their financial transactions. It provides a comprehensive general ledger accounting system for properties, tenants, and owners.
Trust Account Certification
Rentec Direct is a trust account-certified software that complies with your state’s real estate board. It ensures that all your transactions are recorded accurately and compliant with state regulations.
Rentec Direct’s reporting system is an extremely robust tool that allows you to track and manage your portfolio performance. You can generate detailed financial reports, including balance sheets, income statements, and cash flow statements.
Online Rent Payments
Rentec Direct allows you to collect rent online via ACH, credit card, or electronic cash payments. This feature simplifies the rent collection process and automatically tracks and records all payments in your software.
Rentec Direct Operations Feature:
Managing rental properties is no easy task, but with Rentec Direct’s Operations Features, property owners and managers can easily streamline their daily tasks. Here are some of the top features of Rentec Direct’s Operations module:
Free Professional Website
With Rentec Direct, you get a free professional website to promote your company and listings online. You can customize your website with your branding, logo, and colors, making it stand out in your local market.
Create, share, and store custom forms and accept electronic signatures. This feature allows you to manage and sign lease agreements, move-in and move-out checklists, and other important documents quickly and easily.
Rentec Direct offers integrated options for renters insurance, landlord insurance, and security deposit insurance, providing you and your tenant’s peace of mind in case of unforeseen events.
Rentec Direct’s Owner Portal gives your owners access to valuable property data. They can log in to view financial reports, see maintenance requests, and view other important documents related to their property.
Work Order Management System
With the work order management system, you can keep track of maintenance and repairs easily. You can create work orders, assign tasks to vendors, and track the progress of repairs.
Electronic Vendor Payments
The vendor ACH payments tool allows you to eliminate the need to print or fill out a check to send payments. You can easily pay vendors electronically, saving you time and money.
Unlimited User Accounts
Set up unlimited user accounts for your team to access the software securely. You can control each user’s access level, ensuring they only have access to the information they need.
Rentec Direct allows you to report rent payments to the credit bureaus to help tenants boost their credit scores. This feature incentivizes on-time rent payments, benefiting both the tenant and property owner.
Rentec Direct Leasing & Management Feature
Rentec Direct features leasing and management features provide landlords and property managers with powerful tools to efficiently manage their properties. Some of the benefits of these features include:
Easy lease management
The platform simplifies lease management, allowing landlords to track lease terms, rent amounts, and lease renewals in one place.
The tenant portal streamlines rent collection and maintenance requests by allowing tenants to pay rent online and submit maintenance requests electronically.
Accurate tenant screening
Rentec Direct offers an advanced tenant screening tool to ensure landlords find the most qualified tenants for their properties.
The platform includes an advanced lead-tracking tool that allows landlords to create their own websites and track prospective tenants.
Rental property marketing
With Rentec Direct’s easy-to-use marketing tools, landlords can quickly and professionally market their vacant rental properties to attract qualified renters.
Rentec Direct Review: Conclusion
Rentec Direct offers a comprehensive property management software solution for landlords, investors, and property managers alike. With Rentec Pro, landlords and investors have access to robust accounting and reporting features, online rent payments, tenant screening, and marketing tools to help fill vacant properties. The software also includes features for work order tracking and maintenance management, as well as a tenant portal and mobile app for easy communication with residents.
Rentec Direct Review: FAQs
What is Rentec Direct?
Rentec Direct is a property management software designed to help landlords and property managers manage their properties, tenants, finances, and more.
How much does Rentec Direct cost?
Rentec Direct offers two pricing plans: Rentec Pro at $45/month and Rentec PM for property managers (pricing varies based on the number of units managed). Rentec Direct also offers a free trial for the first two weeks.
What features does Rentec Direct offer?
Rentec Direct offers a variety of features including complete accounting and reporting, free online rent payments, tenant screening, marketing for vacant properties, a tenant portal mobile app, work orders and maintenance tracking, and more.
What types of properties can Rentec Direct manage?
Rentec Direct is designed to manage any type of residential or commercial property, including single-family homes, multi-unit buildings, apartments, condos, and commercial properties.
Is Rentec Direct easy to use?
Yes, Rentec Direct is user-friendly and designed to be easy to use, even for those with little to no experience in property management or accounting.
Does Rentec Direct offer customer support?
Yes, Rentec Direct offers unlimited US-based great customer support for all subscribers. They also provide free training to help you get started and make the most of the software.
Can tenants pay rent online through Rentec Direct?
Yes, Rentec Direct allows tenants to pay rent online through free ACH payments. They also have the option to pay with credit or debit cards or electronic cash payments.
Does Rentec Direct offer tenant screening?
Yes, Rentec Direct offers tenant screening as part of its software. They provide access to instant background screening reports, including criminal records, credit reports, eviction history, income verification, and more.
Rentec Direct Pricing
Rentec Pro Pricing
|Plan Name||Rentec Pro|
|Billing cycle||Monthly or Annual|
|Units managed||1 to 2500+|
|Features||Full Bank, Property, and Tenant Accounting, Tenant Screening, Market Vacant Properties, Online Rent Payments, Tenant Portal Mobile App, Workorders & Maintenance Tracking, Free Training & Unlimited US-Based Customer Support, Cash Payment Network, Renters Insurance, Mobile App, Online Rent Payments, Customizable Income and Expense Reports, Online Rental Applications, Tenant & Owner Portals, Automated CAM Charges, Pay Owners via ACH, 1099 E-File & Schedule_E Tax Reports, Tenant Screening & Criminal History|
|Tenant Screening Rates||Basic Package: $10, Enhanced Package: $13, Premium Package: $18|
|Electronic Payments||Tenant ACH Payments: Free, Outgoing ACH Payments: 50 cents, Credit/Debit Card Transactions: 2.95%|
|Cash Payment Network||Setup Cost: $200, Monthly Cost: Free, Cash Payments (paid by tenant): $3.99, 10 payments per month minimum are required on the cash payment network.|
|Free Trial||The first two weeks are free!|
Rentec PM Pricing
|Pricing Plan||Rentec PM|
|Features||Full bank, property, and tenant accounting; tenant screening; market vacant properties; online rent payments; tenant portal mobile app; work orders and maintenance tracking; trust account management and reporting; owner portal mobile app|
|Units Managed||1 to 2500+|
|Billing Cycle||Monthly or Annual|