If you manage properties for a living (or a side hustle), you already know how beneficial online property management software can be. But with so many viable options on the market today, it can be hard to find the right one. So, today, we’ll compare two popular software solutions— TenantCloud and RentRedi—to help you narrow it down.
f you’ve done any amount of research, you’ve probably noticed a lot of the articles out there are outdated. That’s because TenantCloud has made significant changes to its platform over the last few years, making it an even better contender in the race for the best property management software.
We’re here to give you the most updated information possible, so let’s get to it. We’ll compare them side by side and go into detail about each one so you can know what to expect.
It’s important to note that these features are based on our 2024 research and may change in the future. Now, on to the good stuff!
A Quick Glance at RentRedi and TenantCloud
TenantCloud Overview
Ideal for a wide range of small and large portfolio owners, TenantCloud is an affordable, feature-rich platform worth keeping in your final list. While TenantCloud provides many useful features, such as listings and maintenance requests, the online payment system and tenant screenings are game-changers for landlords looking to simplify.
Features and Benefits
Tenantcloud is designed to support a growing portfolio, with three subscription plans to upgrade to:
Starter Plan
The Starter plan is a good option for do-it-yourself landlords and smaller portfolios. Growth includes several basic features to simplify lives at an affordable price (just $17/month). These features include:
- Applications and screenings in one place
- Online scheduling
- eSignature
- Tenant screenings provided by TransUnion
- List syndication to Rent.com, Zillow, Apartment Guide, Redfin, RealtyStore.com, Rentals.com, Oodle, RentalSource, Rentalads.com, Zumper, Rentler, and more.
- Online rent collection, including auto-pay, rent reminders, and late fees
- Maintenance request system
Growth Plan
The Growth plan is an excellent upgrade for larger portfolios. At just $32 a month, it includes everything in Starter, plus these additional features:
- Custom lease builder
- A built-in lead tracking and CRM (customer relationship management) tool
- Public message board
- Access to important forms such as notices, lease agreements, addendums, and more
Pro Plan
If you want the full TenantCloud experience, the Pro plan at $55/mo is the way to go. Pro provides all the features of Starter and Growth, plus these additional benefits:
- Tax Reports
- Reconciliation
- Application Customization
- Sync with Quickbooks Online and Google Calendar
- Reduced ACH fees
- A free listing website
- Owner portals for separate distributions, contributions, management agreements, etc.
Pricing
TenantCloud offers three plans, ranging from $17/mo to $55/mo, plus a custom price for businesses and large portfolios. While many similar property management solutions charge additional prices for units, TenantCloud has an unlimited number of units and listings included in each plan.
Users can also select an annual plan over a monthly plan and get one month free. And if you’re not sure if you’re ready to commit to a month yet, you can try TenantCloud for free for 14 days.
RentRedi Overview
Similar to TenantCloud, RentRedi provides several features for landlords in a user-friendly platform. It’s worth considering, with its easy-to-use mobile app and online payments.
Features and Benefits
With RentRedi, you can expect these features:
- Listings with the ability to syndicate to Realtor.com, Zillow, and more.
- Tenant screenings provided by TransUnion
- Marketing for vacant properties with photographs, virtual tours, showing scheduler
- Lease creation and eSignature
- Online payments, including rent reminders, late fees, and auto-pay
- Online accounting and financials through REI Hub
- Financial reporting, including tax documents, profit and loss statements, and more
Pricing
RentRedi's pricing is based on a unique billing cycle model. With each subscription type, you can use the platform to manage an unlimited number of rentals, tenants, team members, and listings. For an additional monthly fee, RentRedi partners with REI Hub for financial and accounting capabilities.
Here’s how it works:
- Monthly subscription: $29.95/mo
- 6-month subscription: $20/mo
- Annual subscription: $12/mo
Additional REI Hub pricing:
- 1-3 units: $25/mo
- 4-10 units: $39/mo
- 11-20 units: $59/mo
- Unlimited: $99/mo
TenantCloud vs. RentRedi: Comparing Features
On the surface, TenantCloud and RentRedi are both strong contenders that provide similar offerings. But there are some significant differences that can help you determine which one to pick. Let’s go over the features so you can make the best decision.
Online Payments
One of TenantCloud’s standout features is its online pay system. Tenants can pay their rent via ACH, credit card, or debit card, all online in their own separate portal. Landlords can also add automatic late fees and send payment reminders if they’d like. Another benefit to its payment system is the ability to make partial payments.
Similarly, RentRedi has an online payment system that accepts ACH, credit, and debit payments. Tenants who download the app can also pay via their own app.
Listings
TenantCloud makes it easy to list vacancies across multiple sites at once, with Rentler, Zillow, Apartments.com, and a variety of other popular listing sites. Users can also take advantage of a free listing website where they can add vacancies, customize the design, and receive applications directly into TenantCloud.
RentRedi also syndicates listings to various listing partners, such as Zillow, Trulia, and Realtor.com, although it appears to be a smaller network compared to TenantCloud. However, they do have an option to share on social media and local sites like Craigslist. Additionally, users can schedule tours with qualified tenants, saving time and money.
Accounting and Tax Reports
TenantCloud has several built-in accounting features and integrates with QuickBooks Online, allowing you to track expenses, amortization and depreciation, profit and losses, and more. Users can also take advantage of their simple tax reporting features, like the Tax Preparation Report and 1099 Tax Form PDFs.
RentRedi does not provide financial or tax reporting features alone, but they can be included with a subscription to REI Hub. For an additional monthly fee, subscribers can access financial reports, balance sheets, tax reports, transaction tracking, etc.
Summary
Choosing the right property management solution for you and your business can be tricky. Especially when there are so many great options right in front of you. When comparing platforms like TenantCloud and RentRedi, you’ll find that their features are similar, with a few key differences.
While both platforms have important features like online payments, app functionality, and tenant screening, TenantCloud is the only platform that includes built-in accounting features without separate subscriptions. This can be a bonus for anyone looking for a more budget-friendly alternative to their property management finances. Another advantage of TenantCloud is that they are partnered with a wider range of listing sites, helping you to get more exposure faster.
Ultimately, the best way to decide is to give it a whirl with a free trial. While there is currently not a free trial option for RentRedi, they do have a free demo to check out on their site.
Or, if you want to give it a proper try with your personal information, you can try TenantCloud for free for 14 days.
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