Rentalutions Service Review

Rentalutions Service Review

Rental Property Investor · Danbury, CT · Member since 2014 · 43 posts · 22 votes

Hi Guys. I recently went through my first turnover and used Rentalutions.com for the whole re-renting process. I want to share my review of the service for anyone that might be considering it.

Executive Summary: Rentalutions seems to have fuller functionality than most of its competition. It handles everything from the listing and screening to maintenance tickets and rent collection. There were some minor bugs, especially in the listing stage, such as a failed listing syndication. The interface is user friendly; I only received a couple questions about usability from applicants in the 25+ applications I got. The mobile website looks great and it’s almost as easy to use from your phone. You can get more functionality by individually using other, narrow core competency services, such as Trulia or Transunion SmartMove, but it’s nice to have everything in one place. I plan to continue using Rentalutions, but will use other sites for the listing process in the future.

Listing: Rentalutions syndicates to the Zillow network: Zillow, Truilia, Hotpads, as well as their own website. Listing status is provided for these sites. Replies to your listing from all these sites come into a central location. You can reply to prospects once, directly through the site, but there is no conversation history shown. I didn’t receive a single response from any of the 50+ listing replies I replied to. I don’t know if this was a bug or coincidence, but I started replying outside of the site and had a much better response rate. Additional “partners” are listed without status’ and links such as: PadMapper, Apartments.com, lovely, apartable, apartment list, and Zumper. I couldn’t find any indication that my listing showed up on those sites, so I posted to them separately. Upon renewing the listing after the 14 day expiration, the listing failed to syndicate to the primary partners, so I listed separately on those as well. I found that some of those sites, when used separately, offer nice features such as quick pre-scripted replies and prospect resumes sent right to your inbox from their first inquiry.

Applications: The application is standard and not editable, but mostly complete. I collected a “pre-application” so I could invite them to the application via email and to collect their social security numbers, among a few other basic pieces of information. The applicant pays for and completes the credit and background checks on their own. The results provided, although they’re through Transunion, appear to include less information (no resident score or eviction report) and costs more than SmartMove ($45 vs $35).

Leases: The lease template is advertised as federal and state compliant with state specific clauses. It did appear very similar to my previously used, attorney created, lease, however I did find one conflict with state law about when a late fee can be collected (5 days in lease, 10 days per CT state law). It was easy to add a few clauses that I felt were missing. The lease is signed digitally.

Payments: My new tenant prefers to pay with a physical check, but I am able to keep track of when he has paid. There are automated email reminders sent to the tenant and me when rent is due, past due, and late.

Maintenance: Again, my tenant prefers more traditional means of requesting maintenance, but I am able to enter requests myself for record keeping.

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Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
9y

hi @Steve Vaughan  yeah I do think this may be difficult with section 8 but the first girl I've rented too is 26 and has no issues with online payments or leases. I'll see how it goes with the next 2 units in the place. The total market size is about 1.1m and we're very close to Boston - NYC so it's not really a small town. More of a small city in comparison to Boston. 

Anyway, I like the online part of it and if that means logging cash then I'll see how it goes after the first year. I'd rather just have everything tracked for me. I'll also see what the PHA has to say about my lease when I submit 

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  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Hi @Account Closed... i have only 3 units I'm looking to fill and they're section 8.  I'm getting a ton of action just off of 1 craigslist post but still would like a place to manage everything going forward.  So my question is, if I'm getting paid mostly by direct deposit from the government will this software capture that as rent paid?

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    Hi @Stephen Torti- 

    Great! We do allow you to mark payments as paid outside of the system (you would have to input this manually) with cash/check to keep for record, as we wouldn't be able to accept direct deposits from the government. For the remaining portion that the tenant does pay you, you can certainly collect that online with us. We allow tenants to pay with credit/debit card or a checking account (ACH payment). Let me know if you have any other questions. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Great, thanks @Account Closed

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti , you're very welcome. I hope you have a wonderful Friday and weekend ahead! 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Hi @Account Closed, how would I set up the lease / auto payments with section 8?  Should I just make the lease for the amount that the tenant pays or can I put the full rent and then have her responsible for only a certain percentage?

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti I would suggest listing the full and accurate amount of the rent on the lease. If you are on the Beginner Free Plan - you can add a rider explaining the specifics of what portion the tenant will owe to you vs. government and you can upload and attach and section 8 documents to the lease as well under attachments. I would just make sure you add text on the lease that states the tenant's portion and expected monthly due date. Please let me know if you have any other questions. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    @Account Closed Ok great, now I have 1 property with 3 units... if I upgrade to a paid plan, which one will I need to be able to add to "my team" get the reports and what's the limit on adding adding additional properties as I grow?

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti the best plan would the be the Professional Plan at $25/month and that plan is good up to 5 units and if you go over 5 units it is $4/per each additional unit. This plan allows you to have Reports and My Team (this is a growing and new offer)---depending on your city we might not have professionals in your area. We are always looking for recommendations for lawyers, real estate agents and accountants across all cities. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Ok great, thanks for the quick responses @Account Closed.  So I can't add who I have on my team now?  They need to be registered with rentalutions?

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti You're very welcome. That's correct we are trying to build our own teams out in each major city to provide these professionals contact information to all landlords in the area. It looks like you are in the Rhode Island area, so if you have specific people you currently work with and have had good experiences with we would love their contact information to reach out to about this opportunity. 

  • Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes
    9y

    Rentalutions sounds like a neat platform!  @Account Closed sounds responsive and very helpful!

    I will just comment on my experience with HAP and section 8.  I have and have had about 6 of them ongoing for years.  They look at me cross-eyed when I offer online payment options. They tend to use cash and money orders, but some have checkbooks.  All of mine are in a small town and they walk into the bank to deposit directly.  The teller has a stack of deposit slips for us at the ready.  They like getting receipts right there because, again, they use cash.

    Financial determinations are reviewed every year, so their portion may change especially if rent rates change as well. HUD required 60 days notice for things and they have quite a few specific lease addenda. Be sure to keep good records and keep any online platforms current. Double reporting may turn into a bit of a task.

    Anyway - just thought I'd throw that out there. I will check into it for some of my non-section 8 folks for sure!

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    hi @Steve Vaughan  yeah I do think this may be difficult with section 8 but the first girl I've rented too is 26 and has no issues with online payments or leases. I'll see how it goes with the next 2 units in the place. The total market size is about 1.1m and we're very close to Boston - NYC so it's not really a small town. More of a small city in comparison to Boston. 

    Anyway, I like the online part of it and if that means logging cash then I'll see how it goes after the first year. I'd rather just have everything tracked for me. I'll also see what the PHA has to say about my lease when I submit 

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Steve Vaughan Thank you for the kind words. Let me know if you have any specific questions about the software. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Hi @Account Closed, how can I take down my listing?  I'm getting nailed with inquiries and the unit has been taken

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti if the listing is un-published then we have stopped syndicating the listing across all feeds. But I can certainly look into your account and make sure that is the case. What is the name on the account or property address? I can reach out to all our partner sites and verify this is removed. I am so sorry about that inconvenience. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    No, I don't know how to un publish it.  38 Pengrove st, cranston, ri 02910

    @Account Closed

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    Nevermind, figured it out.  Haha sorry about that, idk how I missed that button @Account Closed

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    9y

    @Stephen Torti haha, no problem at all. I am glad you found it! Just let me know if you have any other questions. 

  • Investor · Providence, RI · Member since 2016 · 142 posts · 40 votes
    9y

    HI @Account Closed, I've had a listing for a new unit posted for... I'm guessing about a week and 2 of them still say "processing" what's the hold up on that end? 

    It's the Zillow and Truilia listings... is that on their end too?

  • Rental Property Investor · Norfolk, VA · Member since 2016 · 90 posts · 26 votes
    8y

    I also been using Rentalutions.com since July of 2017 with no problems.  They check in with you from time to time to see if you need any assistance but I am thoroughly pleased so far.

  • Investor · Toledo, OH · Member since 2017 · 38 posts · 11 votes
    8y

    Has anyone been able to customize the online application?  On one part of the rentalutions website, it states that the application is not able to customize, but then the FAQ says you can.

    Does anyone know if Rentalutions have "rejection" letters?  I think its important to notify those potential tenants they were not selected.

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    8y

    @David Hansen Yes, the application is customizable. This is an upgraded feature that requires you to be on the Landlord Plan or higher. This will allow you to add in as many customized questions you would like into the applications on a per applicant level or you can make these your standard questions across all applicants. You can complete this in the "applications" tab under step #3 when sending off an application request. 

    Rentalutions does provide rejection messages that are auto-filled and accessible by clicking the envelope icon above the applications. Please be mindful that this will send to everyone connected to the application. We also provide acceptance messages as well. Please let me know if you have any other questions. 

  • Community Manager · Chicago, IL · Member since 2016 · 67 posts · 19 votes
    8y

    @Roberto Costa Great, we are so happy to hear you are enjoying the service! Please never hesitate to reach out with any questions, always glad to help! 

  • Real Estate Investor · Katy, TX · Member since 2017 · 24 posts · 1 vote
    8y

    I have been using Rentalutions.  However, over the last couple of days I have not been able to log onto the Rentalutions website (it just "locks" when I enter my login and password).  In addition, I tried to contact support @ rentalutions.com to inquire as to the problem, and it bounced back.  Anyone else having such problems?  Thanks

    P.S. Up until now, I have been satisfied with Rentalutions.  Just now, cannot get through.

  • Investor · Houston, TX · Member since 2017 · 7 posts · 5 votes
    8y

    Harrison, 

    Thanks for your review. I've been researching on which of the numerous property management software will best suit my business. Your review provides some directions. 

    Thanks!

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