RentRedi Acquires eRentPayment and PaymentReport
NEW YORK, Aug. 8, 2023 /PRNewswire/ -- PropTech leader RentRedi has acquired eRentPayment and PaymentReport, further enhancing its award-winning rental management software that simplifies the renting process for both landlords and renters. The acquisition results in an expansion of the RentRedi team, along with providing substantial growth to the company's subscribers base. In addition, the deal provides eRentPayment customers with access to RentRedi's more robust feature set.
- "This acquisition will enhance our technology and significantly grow our customer base, positioning RentRedi as an even bigger player in the PropTech space," said RentRedi Co-founder and CEO Ryan Barone.
- Under the terms of the agreement, eRentPayment and PaymentReport will become part of RentRedi, with the founder of the two acquired companies, Rick Sands, serving as RentRedi's Head of Payments.
- eRentPayment and PaymentReport customers now have access to a number of new features that the RentRedi rental software provides, including:
Full accounting services — RentRedi partners with REI Hub to provide automated accounting designed specifically for real estate investors and rental property owners, such as importing all RentRedi properties and charges, adding financial accounts, tracking expenses, and pulling reports. - Prior to the acquisition, RentRedi offered payments reporting to TransUnion, and eRentPayments offered payments reporting to Experian through PaymentReport.