Rente

Rente is the AAA meets FICO for rent - to automate transactions, validate good renters and reinforce the behaviors that increase both NOI and retention while reducing costs. The residential rental market is built on a structurally inefficient foundation that costs landlords, marginalizes tenants and passes the inefficiency into the larger financial... services industry. Tenants or renters can be separated into 'good', those who consistently pay rent on time, and 'bad', those who are required to relocate or be evicted for a variety of issues including non-payment. Depending on the area - upwards of 10% of all tenants are 'bad'. Every bad tenant reduces NOI and forces turnover/eviction - an average cost of $3500. There are 1M landlords that own on average 35 properties, to which bad tenants cost upwards of $12B lost operating income. Rente automates transactions, validates tenants to compensate good behavior. Renters earn rewards for: airlines, hotels, coffee, yet their biggest monthly expense receives NO recognition - no value, no credit, no reward. Automate - pay rent: removes the friction in rent payments and rewards virtuous behavior while providing the opportunity to round-up rent for charity. Validate - build credit: both traditionally (FICO) and proprietary "FICO for Rent" build upon reputation, transaction history, and behaviors. Compensate - earn rewards: reinforcing virtuous behavior to create value for each stakeholder and improve NOI. The company was founded in 2019 in Redding, California and is headquartered in Cincinnati, Ohio.Read More