RentPost, Inc. - Comprehensive Analysis Report

Summary

RentPost, Inc., established in 2009, is a property management software platform with the mission of simplifying rental property management for landlords, property managers, and tenants. RentPost aims to revolutionize the rental experience by making it easy, efficient, and stress-free for everyone involved. The platform empowers all users to self-serve and stay connected, thus promoting transparency, collaboration, and a modern approach to property management.

1. Strategic Focus & Objectives

Core Objectives

RentPost’s main business objective is to simplify rental operations, reduce busywork, and keep everything organized in one place, providing intuitive tools for leasing, maintenance, accounting, and communication.

Their goal is to allow users to focus less on the hassle of management and more on growing their business.

Specialization Areas

RentPost specializes in providing an all-in-one solution that brings together applicants, tenants, vendors, property managers, and owners.

The platform offers tools for leasing, maintenance, accounting, and communication.

A unique value proposition is that the platform empowers property managers and landlords, fostering transparency and collaboration.

Target Markets

RentPost caters to independent landlords managing residential or commercial properties.

It is also aimed at real estate professionals focused on rental management and property management groups handling multiple homes.

Additionally, RentPost targets new investors exploring real estate investing.

2. Financial Overview

Funding History

RentPost offers multiple plans based on the number of units managed and business needs.

Pricing is calculated at $29 plus $1.00/unit per month.

Some of the pricing plans are as follows:

Mint: $29 per month for 25 units, 10 owner accounts, and 1000MB document storage.

Lime: $169 per month for 250 units, unlimited owner accounts, and 10GB document storage.

Silver: $249 per month for over 500 units, unlimited owner accounts, and 20GB document storage.

For reserving more than 1,000 units, users can contact RentPost for volume pricing and organizational structuring.

RentPost provides a free 30-day trial for new users.

3. Product Pipeline

Key Products/Services

RentPost Property Management Software:

A cloud-based platform that offers features to streamline rental property management.

Currently in active development.

Targets landlords, property managers, and tenants.

Key features include online rent collection, tenant screening, work order management, accounting and reporting, and a tenant portal for communication and maintenance requests.

4. Technology & Innovation

Technology Stack

The platform is cloud-based and offers features for online rent collection, tenant screening, work order management, accounting and reporting, and a tenant portal.

It offers automated rent reminders and real-time payment tracking.

The platform provides tenant screening services in partnership with TransUnion.

RentPost integrates with various applications through its open API.

Payshift: An online payment system that enables rent collection directly from a tenant's account.

Intelligent sorting algorithm: Used to manage and prioritize work orders.

GraphQL API: An API that allows users to connect RentPost with other applications.

5. Leadership & Management

Executive Team

Jacob Thomason: Co-founded RentPost in 2011.

6. Competitive Analysis

Major Competitors

Innago

TurboTenant

Rentroom

LetUs

Buildium

Rent Manager

TenantCloud

AppFolio Property Manager

RemoteLandlord

Rentec Direct

Yardi Breeze

Easy Storage Solutions

7. Market Analysis

Market Overview

RentPost is designed for landlords and property managers who value simplicity and efficiency, offering a way to collect rent, track unpaid units, and manage daily tasks.

The platform is intuitive for landlords and tenants, intended to facilitate communication and payments.

The total addressable market includes independent landlords, real estate professionals focused on rental management, new investors, and property management groups.

8. Strategic Partnerships

RentPost partners with TransUnion to provide basic and premium tenant screening services.

The platform integrates with applications like Gmail, Zoom, Asana, and Mailchimp.

9. Operational Insights

RentPost differentiates itself with features like online payments, maintenance requests, and tenant communication tools.

The platform focuses on trust accounting, offering features like double-entry ledgers, customizable chart of accounts, and financial reporting.

10. Future Outlook

Strategic Roadmap

RentPost is continuously updating its platform with new features and improvements, including a recent update, version 6.2, that lays the foundation for an upcoming UI refresh.