RentSpree

Overview
News
Residential PropTech?
Product stageSegments
Go-to-Market
?
Rental management, Transaction closing tools
?

RentSpree simplifies the rental process with a rental management platform that provides automated tenant screening services for landlords, agents, and property managers using tenant information such as residence history, employment and income, credit reports and scores, criminal background checks, and nationwide eviction history. Landlords are also able to approve or deny these applications using RentSpree, which also features tools that enable digital document signatures. RentSpree also offers renters insurance in partnership with Sure, a renters insurance infrastructure provider.

The platform is offered free of charge to landlords, agents, and property managers with an additional paid tier, “RentSpree PRO”, that offers additional services such as document collection, and automated reference checks for a monthly subscription fee. Customers can also purchase rent estimate reports for their properties, for an additional cost of USD 19.99 per report. Rental applicants are charged between USD 39  and USD 49 per application.

In April 2024, RentSpree unveiled a redesigned website featuring a modernized logo, improved font system, and cleaner navigation. The updated design included a modular layout for better scalability, streamlined tabs for “Products” and “Who we serve,” and a recategorized blog. This new design was implemented on the RentSpree site and was planned to be integrated into its product experience.

Key customers and partnerships

As of November 2023, RentSpree had over 2 million users

In August 2024, the company partnered with RE/MAX to integrate its services into RE/MAX's platform. This collaboration provided RE/MAX agents with RentSpree's ApplyLink feature for rental listings, simplifying the rental application process and reducing transaction time. As part of RE/MAX's Approved Supplier program, the partnership aimed to enhance lead generation and streamline rental management for agents at no additional cost. Through this integration, agents automatically received an ApplyLink when adding a property to their RentSpree dashboard, which is conveniently shareable with applicants electronically.

In September 2023, RentSpree partnered with NorthStarMLS, a multiple listing service provider, to expand its platform reach across Minnesota and Western Wisconsin. In May 2023, RentSpree partnered with several MLS providers including Rhode Island Association of Realtors Statewide MLS (focused on Rhode Island), Heartland MLS (focused on Kansas), Intermountain MLS (focused on the Idaho region), and REsides Inc. Through these partnerships, RentSpree planned to integrate its platform with its MLS databases to increase featured property listings and support its users with better lead generation by expanding its platform’s reach across other states within the US. In April 2023, the company partnered with Austin Board of REALTORS, a trade association serving over 18,000 real estate professionals to leverage its Central Texas-based real estate information via MLS integration and support the creation of ApplyLink to feature rental listings. In October 2022, RentSpree partnered with SentriLock, a manufacturer of electronic lockbox systems for residential properties and property management companies. Through this partnership, RentSpree plans to integrate SentriLock’s electronic access management systems into its rental management platform to allow users to manage property access. 

As of August 2022, RentSpree had partnered with over 250 multiple listing services (MLSs), real estate associations, brokerages, and PropTech platforms to serve over one million users. The company recorded over a 30% increase in the year-to-date average monthly rent collection.

HQ location:
15303 Ventura Blvd STE 1150 Los Angeles CA USA
Founded year:
2016
Employees:
101-250
IPO status:
Private
Total funding:
USD 27.7 mn
Last Funding:
USD 17.3 mn (Series B; Aug 2022)
Last valuation:
USD 620.0 k (Mar 2016)
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