Monday, September 1, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Press Release GlobeNewswire

Multimedia Update – RentRedi Reports Landlords Enjoy 99% On-time Rent Payments When Tenants Use Autopay

October 7, 2024
in GlobeNewswire
Reading Time: 7 mins read
5
SHARES
244
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — RentRedi, the fastest-growing property management software, released new data that demonstrates the effectiveness of its automatic payments (“autopay”) feature in ensuring landlords collect rent on time. According to data collected between January 2020 and August 2024, units with at least one tenant using RentRedi’s autopay feature reported on-time rent payments 99% of the time. Conversely, units without tenants using autopay had an 88% on-time payment rate.

RentRedi Data

The autopay feature is widely used on the RentRedi platform across a variety of rental property types. While units associated with classic residential property categories (single-family residential, duplex, etc.) dominate the top of the list of RentRedi’s autopay users, other property types using automatic payments include sorority and fraternity housing, parking garages, and storage/warehousing facilities.

Tenants can set up autopay to ensure that their rent payments will be made consistently for the same amount every month. If tenants have not already set up autopay on their own, their landlords can invite them to do so using the rent collection features within the RentRedi app. Tenants who share rent for the same unit can also take advantage of a RentRedi’s ability to allow multiple tenants to set up autopay to split rent charges.

“We are fundamentally focused on making renting easier for both landlords and tenants, and our autopay feature is proven to benefit both parties,” said RentRedi Co-founder and CEO Ryan Barone. “There is a great incentive for tenants to use the autopay feature, because it removes the risk of missing payments and incurring late fees. This saves tenants time and money, and also provides a more reliable cash flow to landlords.”

Autopay’s benefits remain consistent for tenants with different economic situations, resulting in similar on-time payment patterns. For example, data collected between January 2020 and August 2024 show that units with tenants that had weaker credit scores still pay 98.8% of their monthly payments on time when using autopay, as opposed to 85.4% for those who do not enable the feature.

Additionally, RentRedi recently expanded its on-time rent reporting to all three major credit bureaus: Equifax, Experian, and TransUnion. The ability to report on-time rent payments helps tenants build and boost their credit scores. RentRedi data shows that landlords are likely to see a 13% jump in on-time rent payments when a tenant is benefitting from the RentRedi Credit Boost feature.

When Credit Boost is combined with autopay, there is added incentive and convenience to being punctual with rent payments. More information about this and other related data can be found in the RentRedi white paper: The Secret Success of Self-Managing Your Rentals.

Methodology
For this analysis, as long as one tenant occupying a unit was using autopay at the time of payment, the entire unit is considered to be benefiting from that feature. Payment status categories (on-time, late, and unpaid) are from the same methodology used in the Chandan Economics Independent Landlord Rental Performance Report. Critical features of Chandan Economics’ methodology are:

  • It only includes rent income charges.
  • It only contains charges between $500 and $10,000.
  • It removes units that are inactive for more than two months from the sample.

About RentRedi

RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. For landlords, RentRedi provides all-in-one web and mobile apps to collect rent, list and market vacancies, find and screen tenants, sign leases, and manage maintenance and accounting. For tenants, RentRedi’s easy-to-use mobile app allows them to pay rent, set up auto-pay, build credit by reporting rent payments to major credit agencies, prequalify and sign leases, and submit maintenance requests.

Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the 2024 Inc. 5000 list and No. 12 on the Inc. 5000 Regionals list and was named an Inc. Power Partner, a GetApp Category Leader, a Capterra Established Player, and a G2 High Performer and Momentum Leader based on the software’s user ratings and popularity. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using the platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e7e94793-dcb4-4849-a9b5-4ecdc323f94f

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

Caddis Cloud Solutions and Lonestar Data Holdings Forge Groundbreaking Partnership to Revolutionize Data Storage and Security

Next Post

Account-Based Orchestration Platform Market Is Booming So Rapidly with Salesforce, HubSpot, Demandbase

Related Posts

FY Energy Launches Multi-Level Affiliate Program to Expand Access to Clean-Powered Crypto Infrastructure

New York City, NY, Aug. 31, 2025 (GLOBE NEWSWIRE) -- FY Energy, a global platform known for delivering encrypted, renewable-powered cloud computing and staking services, today announced the official launch of its multi-level affiliate program — a user-first initiative that enables individuals to earn ongoing rewards by promoting the platform's...

Read moreDetails

FY Energy Expands Green Energy Cloud Computing Contracts to Support Low-Carbon Blockchain Infrastructure

New York City, NY, Aug. 31, 2025 (GLOBE NEWSWIRE) -- As the crypto industry experiences a new wave of mainstream adoption and blockchain networks see record-high usage, FY Energy is reinforcing its commitment to environmentally responsible infrastructure by expanding its suite of Green Energy Cloud Computing Contracts. This initiative supports...

Read moreDetails

FY Energy Upgrades ETH Cloud Infrastructure for Passive Income Through Cloud Computing as Billions Shift Away from Bitcoin

New York City, NY, Aug. 31, 2025 (GLOBE NEWSWIRE) -- As a historic shift in blockchain capital unfolds, FY Energy, a leader in clean-powered Web3 infrastructure, has announced the expansion of its Ethereum cloud computing contracts, now enhanced for users seeking passive income through cloud computing. This strategic move aligns...

Read moreDetails

VEOUT’s V1 Pro portable monitor will officially launch on Black Friday

HONG KONG, Aug. 31, 2025 (GLOBE NEWSWIRE) -- VEOUT (a brand of Hree Display (HK) Co., Limited) - The renowned portable monitor brand, announced that its new V1 Pro portable monitor will be officially launched globally on Black Friday. The product will be available in countries including the United States,...

Read moreDetails

FY Energy Launches BTC Cloud Computing Contracts Backed by Green Energy as Institutional Demand Surges

New Jersey City, Aug. 30, 2025 (GLOBE NEWSWIRE) -- Amid growing institutional participation and regulatory milestones in the cryptocurrency sector, FY Energy is proud to announce the official launch of its cloud computing contracts, powered entirely by renewable energy infrastructure. This development coincides with a transformative shift in the global...

Read moreDetails

FYEnergy Ramps Up ETH Staking Offers as Ethereum Powers U.S. Blockchain Push & DeFi Soars

New York City, NY, Aug. 30, 2025 (GLOBE NEWSWIRE) -- In response to Ethereum’s historic performance this month, FY Energy is planning to announce the launch of its “ETH Infrastructure Boost Program”, designed to reward users staking ETH during one of the most pivotal moments in blockchain history. This announcement comes...

Read moreDetails

Trade Vector AI: How Trade Vector Artificial Intelligence Platform Is Transforming Automated Trading Systems

New York City, NY, Aug. 30, 2025 (GLOBE NEWSWIRE) -- Introduction – What is Trade Vector AI Trade Vector AI is a next-generation artificial intelligence platform designed to bring automation, speed, and accuracy to digital asset trading. Built on advanced algorithms and predictive modeling, the system processes large volumes of...

Read moreDetails

Belvars Platform: This Belvars Platform Redefines Digital Trading in 2025 With Data-Backed Security and ROI

New York City, NY, Aug. 30, 2025 (GLOBE NEWSWIRE) -- Introduction – What is Belvars Platform Belvars Platform is a next-generation digital trading environment built to meet the demands of modern financial markets in 2025. Designed around speed, transparency, and data-driven insights, the platform integrates advanced trading technologies with an...

Read moreDetails

FYEnergy Rolls Out “Rewards Program” to Boost Green Crypto Income Participation

New York City, NY, Aug. 30, 2025 (GLOBE NEWSWIRE) --  With the global cryptocurrency market reaching historic all-time highs in August 2025, FY Energy is celebrating the momentum by launching its new “Rewards Program” — a bonus initiative designed to amplify crypto income for users engaging with the platform’s clean-energy-powered...

Read moreDetails

Spirit Blockchain Capital Reports H1 & Q2 2025 Results, Completes SpiritLinQ, & Advances Institutional Blockchain Strategy

Vancouver, BC, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (“Spirit” or the “Company”) reports key milestones and unaudited financial results for the quarter ended June 30, 2025, and announces key strategic developments, most notably, Spirit Digital AG’s launch of Exchange Traded Products (“ETPs”), “SpiritLinQ” deployment...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    99 shares
    Share 40 Tweet 25
  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    51 shares
    Share 20 Tweet 13
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    54 shares
    Share 22 Tweet 14
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    71 shares
    Share 28 Tweet 18
  • ACET Warriors and Acme Worawat Join Forces to Donate $2.8M in Demining Robots, Proving Crypto Communities Can Save Lives

    5 shares
    Share 2 Tweet 1
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • Energy & Utilities Analytics Market to Surge from USD 3.61 Billion in 2023 to USD 10.40 Billion by 2030 at 16.3% CAGR – Energy & Utilities Analytics Market forecast
  • FY Energy Launches Multi-Level Affiliate Program to Expand Access to Clean-Powered Crypto Infrastructure
  • FY Energy Expands Green Energy Cloud Computing Contracts to Support Low-Carbon Blockchain Infrastructure
  • FY Energy Upgrades ETH Cloud Infrastructure for Passive Income Through Cloud Computing as Billions Shift Away from Bitcoin
  • VEOUT’s V1 Pro portable monitor will officially launch on Black Friday

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.