Rentec Direct

Pros

Rentec is very user-friendly. It's functionality is laid out well and it offers modern integrations such as online rent collection, pay owner by ACH, and electronic signatures for lease agreements. I also am impressed with their customer service. They are always very prompt and helpful.

Cons

I wish they offered a mobile app for property managers.

Cons

I honestly can't think of anything. Sure... there's a quirk here or there.... BUT GUESS WHAT?!... They take suggestions for future implementation AND ACTUALLY DO THEM when they are able!.... So my quirks eventually end up going away at some point! I've actually had some of my very suggestions implemented on future updates!

When they say they passed your idea on to the developers, THEY DO!!!... not just "toss it in the bin" after the conversation ends.

Pros

Good for residential properties. Good Support from company

Cons

Was not set up for use with Commercial properties. they tried but should not advertise themselves for commercial

Alternatives Considered

Reasons for Switching to Rentec Direct

Cons

Cannot access login from search engine, locked out.

Pros

Easy to use, excellent and responsive customer service, no issues in the 3 years I have been using it.

Cons

Nothing major.... They are always improving the QOL tidbits and adding new features..... I just make suggestions on improvements wherever I feel something could be improved or implemented.... They do listen to them and I've noticed implementations of things I have wished to see.

Alternatives Considered

Reasons for Choosing Rentec Direct

Reasons for Switching to Rentec Direct

Pros

Simple enough and still has lots of power

Cons

nothing I like the program. and how easy it is to use

Pros

I love this software because it enables easy collaboration between team members. Multiple users can access and work on the same documents simultaneously,

Cons

I haven't encountered any setbacks using this software

Pros

It has all the functions you need and more, it just lacked in some areas.

Cons

It felt like they didn’t want to upgrade to the new era, it wasn’t any app features, the colors weren’t bright like other sites.

Pros

So it is very affordable, and some of the software is pretty simple to set up. They are continuing to add support articles and more functionality.

Cons

Functionality, especially in the accounting area is limited. No ability to select "classes". You have to find work arounds for things that you shouldn't have to. The support team is of little support. I have email chains with OVER 15 EMAILS AND THE QUESTION STILL HAS NOT BEEN ANSWERED. It is difficult to reach anyone when you call most times, so you are relegated to chat/email, and often my main question or issue is NEVER actually answered. I still have issues from my first month, and I am now in month six, that are unanswered. Many of the things I have learned, were from hours of trial and error. If they are not going to have a free support option that is actually helpful, then they at least need to offer a paid option. There is also a big gap in the merchant processing area. Their processor, Forte, often sends you back to Rentec, and Rentec sends you back to Forte, and the pricing of the merchant options is not clear or transparent until you get your bill.

Alternatives Considered

Reasons for Switching to Rentec Direct

Pros

We use the property setup screens, the rental website portal, and syndication. We love that we can list a rental property and either syndicate it to listing services or just advertise it without syndicating it. This has helped us greatly in our marketing, especially for properties that we will only lease and not manage.

Cons

Rentec has accounting built-in but we were never able to make a go of it as it didn't have all of the functionality that we needed so we stayed with Quickbooks Premium for years until deciding to jump to Buildium for accounting and leasing.

Pros

The software is easy to learn, use. The people are very nice. Very good for the money. They have thought of everything.

Cons

Online payment could be easier to use. The app for the phone should be for managers as well. Pay checks should be easier to do.

Pros

I like the customer service and how they can remote into my computer. I am a visual person and being able to be talked through what I need to do while doing it is extremely helpful!

Cons

There are a few things that could be changed with the software but they aren't major issues. Just things that would be more helpful to me while creating certain reports.

Pros

The many features that Rentec has bundled into one package making the management of our apartment leasing streamlined and easy.
Excellent customer service and hands on training!

Cons

At this time we have no dislikes with the software.

Pros

RentecDirect gives us a clear accounting of our properties and our tenants. With intuitive drill-down features, you can easily track and locate tenant's important information in seconds. You can also store important property information as well, such as door key codes. Besides giving you an accurate accounting of everything financial, RentecDirect has thought out every aspect of property management and delivers a package which simplifies the process and gives us a one-click report for our annual taxes.

Pros

Clean, easy, efficient ... and forgiving. It is easy to set-up new owners, properties and tenants. And just as easy to process rents, invoices, etc.

Cons

Some of the suggestions in the knowledge base sound like good ideas. And what about a property manager portal, or app?

Pros

It streamlines so many things for me. There is a bit of a learning curve as with anything but you have their total support to get you through it. Whether it be email, phone, chat or their knowledge base.

Cons

Each state handles some things differently and so in some situations I have to manually do things and it can't be automatically set up.

Pros

I love the option and the way everything I need for my business blend perfectly! Everything I need is in this software

Cons

I only hate that I can’t delete multiple late fees at a time. You can only delete them one at a time.

Pros

Program is very easy to use. I used quickbooks for my rental property accounting and then a combination of paper, Word and Excel to keep track of everyone.With 50 units, I really needed something to keep better track of my tenants. It takes a while to get everything set up, but once you do everything works together seamlessly. I now only need to enter things once and not use multiple systems. The customer service is Amazing!! When I have questions they email me back within a couple of hours and have the answers I need. I haven't moved my website to Rentec yet, but I plan to soon.

Cons

Haven't really found anything that I don't like yet. The only thing I would change would be the deposit slips. I don't like that they don't print each check individually on them, just the total amount of deposit.

Pros

Although I have managed my own real estate investment portfolio for years, I needed to upgrade and strengthen my record keeping and reporting capability as I launch a property management business next year. After reviewing a number of vendors, I selected Rentec initially. The drivers for my selection were the apparent completeness of the capability while being quite simple to scale. Now, six months into the use of the system, my choice has been validated. I might add that one time, early on, I had to contact their tech support for advisement. I was able to reach a real person who had a very simple solution to my question. I'll be staying with Rentec.

Cons

I have "corporate expenses" that really are spread among my properties. I didn't find a straightforward method of capturing these expenses. I created a "Corporate Expense" property to capture these shared expenses. I'm probably missing this capability that likely already exists, but I haven't seen it yet.

Pros

The price is right, but so is the functionality. I am not sure how well this application would work for an operation that had several hundred units, but for our small business it seems to be good. It saves us a great deal of time and enables us to be more productive by allowing us to assess our expenses per property quickly and accurately.

Cons

At times, we have to sort of figure out how to get the output we want. Some of the pages use terms that do not always seem intuitive, but this is really not a major issue.

Pros

I would have to say I like that support has remote access to my system. It makes it so easy to explain an issue that I am having. Although they will not do it themselves, they have me solve the issue so that I can "learn" how do take care of it next time.

Cons

There are a few things that I would change in Rentec and have submitted my requests. It does take a while for them to be implemented, however, I'm sure they get many suggestions daily.

Pros

It was easy to set up, and it's easy to use. I can easily pick and choose how much or how little of the program elements I want to use. It has plenty of report and tracking options, and provided lots of room for growth.

Cons

Really don't have any complaints. I wanted a way to compare properties profitability to one another and it doesn't do that. But I don't know that any of the rental property software out there does.

Pros

Clean, easy to use product.
Very good tech support.
Keeps improving.
Priced reasonably.
Good features like ACH, screening reports.
Automatic posting to rental sites like zillow, hotpads etc.

Cons

Managing marketing info for the unit rental is not very straight forward. Cant easily replicate info from one unit to another. Loading pictures and arranging them could get better.

Pros

Easy to use. Accessible anywhere. Reliable. I have been using for three years and when it is tax time, I just put on a USB stick and give to my accountant.

Cons

Nothing. It was easy to download and easy to see where my problems are -- lack of payment, too high of a water bill, etc.

Pros

Ease of use, great customer support, intuitive and non-intimidating.

Cons

Missing key features and some functions involve too many steps or work around.