All Forum Posts by: Jonathan Scheeler

I have been using RentRedi for 4 months now with our 9 unit apartment building. I would NOT recommend it for the following reasons:

1. No adaptability for pre-screening questions - remember that book that random bearded dude wrote on about managing rental properties. Remember that section on pre-screening and application processes/questions. Yea, RentRedi lacks the ability to even get the prior two landlords without having to use an external form.

2. Application process - see above comments

3. Notifications/Communications - If a tenant submits a maintenance request, there is no linked communication route to that request. You can send a push notification, but it does not link to the maintenance request

4. Fees - they charge your tenant quite a bit if they do not use ACH

5. Fees - oh, and did they mention they charge YOU the fees to? Yes, they do, even though they don't say so. Just got my 1099 for last year and those fees (to which we never received) were included (even the $1 ACH fee they collect). Want to appropriately write them off as expense? Good luck getting a W9 from them.

6. Lease - yep, you will need docusign or another software as well. Their "lease" signing is not actual signing, it is just a confirmation email. So, add that expense to your list as well

7. ACH and the WTF that goes with it. Your tenants can set up automatic drafts for their rent payments, but make sure they do not set them up for the due date, as they will not process. Why? Who the frank knows. Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks. HOWEVER, they do not tell anyone that, so your tenants and you will be thinking WTF happened to their automatic payments.

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you! They even have Latchel, to which I have not used, nor will not, as I am more concerned about basic landlord responsibilities over fluffy useless third party crap-ola.

I have been using RentRedi for 4 months now with our 9 unit apartment building. I would NOT recommend it for the following reasons:

1. No adaptability for pre-screening questions - remember that book that random bearded dude wrote on about managing rental properties. Remember that section on pre-screening and application processes/questions. Yea, RentRedi lacks the ability to even get the prior two landlords without having to use an external form.

2. Application process - see above comments

3. Notifications/Communications - If a tenant submits a maintenance request, there is no linked communication route to that request. You can send a push notification, but it does not link to the maintenance request

4. Fees - they charge your tenant quite a bit if they do not use ACH

5. Fees - oh, and did they mention they charge YOU the fees to? Yes, they do, even though they don't say so. Just got my 1099 for last year and those fees (to which we never received) were included (even the $1 ACH fee they collect). Want to appropriately write them off as expense? Good luck getting a W9 from them.

6. Lease - yep, you will need docusign or another software as well. Their "lease" signing is not actual signing, it is just a confirmation email. So, add that expense to your list as well

7. ACH and the WTF that goes with it. Your tenants can set up automatic drafts for their rent payments, but make sure they do not set them up for the due date, as they will not process. Why? Who the frank knows. Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks. HOWEVER, they do not tell anyone that, so your tenants and you will be thinking WTF happened to their automatic payments.

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you! They even have Latchel, to which I have not used, nor will not, as I am more concerned about basic landlord responsibilities over fluffy useless third party crap-ola.

Short answer: no.  The tenant side of things - the payment gateway is clunky and does not work for all banks (even national banks).

My long answer:

I have been using RentRedi for 4 months now with our 9 unit apartment building. I would NOT recommend it for the following reasons:

1. No adaptability for pre-screening questions - remember that book that random bearded dude wrote on about managing rental properties. Remember that section on pre-screening and application processes/questions. Yea, RentRedi lacks the ability to even get the prior two landlords without having to use an external form.

2. Application process - see above comments

3. Notifications/Communications - If a tenant submits a maintenance request, there is no linked communication route to that request. You can send a push notification, but it does not link to the maintenance request

4. Fees - they charge your tenant quite a bit if they do not use ACH

5. Fees - oh, and did they mention they charge YOU the fees to? Yes, they do, even though they don't say so. Just got my 1099 for last year and those fees (to which we never received) were included (even the $1 ACH fee they collect). Want to appropriately write them off as expense? Good luck getting a W9 from them.

6. Lease - yep, you will need docusign or another software as well. Their "lease" signing is not actual signing, it is just a confirmation email. So, add that expense to your list as well

7. ACH and the WTF that goes with it. Your tenants can set up automatic drafts for their rent payments, but make sure they do not set them up for the due date, as they will not process. Why? Who the frank knows. Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks. HOWEVER, they do not tell anyone that, so your tenants and you will be thinking WTF happened to their automatic payments.

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you! They even have Latchel, to which I have not used, nor will not, as I am more concerned about basic landlord responsibilities over fluffy useless third party crap-ola.

I have been using RentRedi for 4 months now with our 9 unit apartment building. I would NOT recommend it for the following reasons:

1. No adaptability for pre-screening questions - remember that book that random bearded dude wrote on about managing rental properties. Remember that section on pre-screening and application processes/questions. Yea, RentRedi lacks the ability to even get the prior two landlords without having to use an external form.

2. Application process - see above comments

3. Notifications/Communications - If a tenant submits a maintenance request, there is no linked communication route to that request. You can send a push notification, but it does not link to the maintenance request

4. Fees - they charge your tenant quite a bit if they do not use ACH

5. Fees - oh, and did they mention they charge YOU the fees to? Yes, they do, even though they don't say so. Just got my 1099 for last year and those fees (to which we never received) were included (even the $1 ACH fee they collect). Want to appropriately write them off as expense? Good luck getting a W9 from them.

6. Lease - yep, you will need docusign or another software as well. Their "lease" signing is not actual signing, it is just a confirmation email. So, add that expense to your list as well

7. ACH and the WTF that goes with it. Your tenants can set up automatic drafts for their rent payments, but make sure they do not set them up for the due date, as they will not process. Why? Who the frank knows. Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks. HOWEVER, they do not tell anyone that, so your tenants and you will be thinking WTF happened to their automatic payments.

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you! They even have Latchel, to which I have not used, nor will not, as I am more concerned about basic landlord responsibilities over fluffy useless third party crap-ola.

I have been using RentRedi for 4 months now with our 9 unit apartment building.  I would NOT recommend it for the following reasons:

1. No adaptability for pre-screening questions - remember that book that random bearded dude wrote on about managing rental properties.  Remember that section on pre-screening and application processes/questions. Yea, RentRedi lacks the ability to even get the prior two landlords without having to use an external form.

2. Application process - see above comments

3. Notifications/Communications - If a tenant submits a maintenance request, there is no linked communication route to that request.  You can send a push notification, but it does not link to the maintenance request

4. Fees - they charge your tenant quite a bit if they do not use ACH

5. Fees - oh, and did they mention they charge YOU the fees to?  Yes, they do, even though they don't say so.  Just got my 1099 for last year and those fees (to which we never received) were included (even the $1 ACH fee they collect).  Want to appropriately write them off as expense?  Good luck getting a W9 from them. 

6. Lease - yep, you will need docusign or another software as well.  Their "lease" signing is not actual signing, it is just a confirmation email.  So, add that expense to your list as well

7. ACH and the WTF that goes with it. Your tenants can set up automatic drafts for their rent payments, but make sure they do not set them up for the due date, as they will not process.  Why?  Who the frank knows.  Ed (owner) finally stated that it is because payments are processed the night/morning AFTER the date in which the tenant picks.  HOWEVER, they do not tell anyone that, so your tenants and you will be thinking WTF happened to their automatic payments.  

So, if you are not concerned about tenant screening, tenant application, lease signing, tenant payments, or being overbilled to the IRS for funds you did not receive, then RentRedi is the software for you!  They even have Latchel, to which I have not used, nor will not, as I am more concerned about basic landlord responsibilities over fluffy useless third party crap-ola.

Hello all,

Rehabing a small apartment building we just purchased in Hagerstown MD.  Looking for recommendations on a GC, or subs.  Need framers, dry wall, and plumbers (have an electrician, but would also look into more as well).

Currently looking to turn 2 studios into 1 bedrooms and update another studio. Pretty crappy layout (bathroom sink is outside the bathroom and "closet room" is too big to be a closet and too small to be a room).

Thanks!

Jonathan

So, listening to the great Greene & BT books on landlording, they mention creating a policy book.  Anybody know if there are some examples out there so as to not recreate the wheel?

thanks Jennifer! This is very helpful, as that is exactly what I am looking for and to grasp a better understanding of the huge disparity between HUD/HA FMR's, current market rates, and S8 rates. Hoping to find that local landlord to assist :-)

Very much appreciate your insight !

 Thanks Steve.  And that is what I thought as well, and hence my mass confusion.  All my research on rent values show it being lower (much lower) than what the Housing Authority says.  

Our numbers are solid as is on the property.  Just looking at different avenues for the area.

Thanks for your thoughts.

Alright S8 wizards. We are on a ratified contract for a duplex (3/1 each side) in Petersburg, VA. Current rents are $700, but market is around $900. However, in looking at different strategies for this property, Affordable Housing may be an option. The link shows $1,340 for a 3 bedroom --> https://www.petersburgrha.org/...

So, how does one go about navigating these waters?  Do you market the unit(s) at $1,200-$1,400 and note that vouchers are welcome to apply?  

Thanks for your insight!