Product Overview of Rently
Rently is a leading provider of innovative proptech solutions, specializing in self-touring and smart home technology for the rental housing industry. Here’s a comprehensive overview of what Rently does and its key features:
What Rently Does
Rently is designed to streamline leasing activities, optimize property management, and enhance the overall resident experience. The platform combines top-tier hardware with an advanced software platform to help real estate operators manage their properties more efficiently and increase revenue opportunities.
Key Features and Functionality
Self-Touring Technology
Rently pioneered self-touring technology, allowing renters to view properties outside of regular business hours. This feature has facilitated over 20 million self-guided tours to date, significantly expanding the availability of properties for prospective renters.
Smart Home Solutions
Rently’s smart home technology integrates seamlessly with their self-touring system. Key features include:
- Smart Home Hub: A central device that wirelessly links all smart devices via flexible tri-band connectivity (Wi-Fi, cellular, or Ethernet).
- Smart Locks, Thermostats, and Sensors: These devices enhance security, energy management, and damage prevention. Additional options include video doorbell cameras, motion sensors, light switches, water leak detectors, and smoke/CO alarms.
Leasing Automation
The platform offers an “all-in-one” smart leasing solution that automates every phase of the leasing cycle:
- Automated Rent Collection: Streamlines financial transactions.
- Lead Management: Automatically nurtures leads, increases engagement, and reduces no-shows.
- Vacancy Advertising: Utilizes an Internet Listing Site (ILS) to increase property visibility and match leads to rental criteria.
- Move-In/Move-Out Management: Simplifies the transition process for residents.
Property Management
Rently’s platform is designed to boost operational efficiency:
- Access Control: Advanced access panels with intercoms for secure and convenient keyless entry, suitable for front gates, common areas, and other controlled access points.
- Real-Time Security Monitoring: Enhances property security through integrated motion, window, and door sensors.
- Utility Management: Helps in managing energy consumption and reducing utility costs by up to 20% annually.
User Interface and Support
The platform is user-friendly and accessible from a single login, allowing property managers to control every aspect of the renter journey. Rently provides world-class installation support and dedicated client success teams to ensure smooth deployments and satisfied customers.
Additional Features
- Online Booking and Scheduling: Allows prospective renters to schedule self-guided tours easily.
- Customer Communication: Automated notifications and SMS capabilities to keep leads and residents informed.
- Reporting and Analytics: Provides customizable reports and analytics to help property managers make informed decisions.
- Third-Party Integrations: Compatible with various third-party systems and Z-wave enabled devices, ensuring no retrofitting is required for existing smart devices.
Benefits
Using Rently can result in significant benefits, including:
- Increased Tenancy Rates: By expanding showing times and enhancing the resident experience.
- Operational Efficiency: Automating up to 90% of repetitive leasing tasks.
- Cost Savings: Reducing utility costs, insurance premiums, and water damage expenses.
- Revenue Increase: Potential for higher rental rates and improved NOI (Net Operating Income).
Overall, Rently offers a comprehensive proptech solution that leverages smart home technology and leasing automation to optimize property management, enhance resident experiences, and drive business growth.