GRANTS PASS, Ore., Aug. 10, 2021 /PRNewswire-PRWeb/ -- Rentec Direct, the highest rated property management software solution, recently announced a new strategic partnership with Rhino, the New York City-based insurtech company that pioneered security deposit insurance. Through a joint Pilot Program, Rentec Direct clients will have access to Rhino's more affordable and convenient alternative to traditional cash security deposits without sacrificing protection. Instead of a large upfront cash deposit, Rentec Direct clients will pay Rhino a small monthly fee that can be as little as $5 per month, and Rhino insures Rentec for damages that might occur and lost rent.
"Our top priority at Rentec Direct is to make life easier for today's landlords, property managers and renters," said Nathan Miller, President of Rentec Direct. "Not only does Rhino provide a safe and affordable alternative to traditional cash security deposits for renters, but it also offers the same protection for landlords against damages and missed rent payments. We are proud to partner with Rhino, another technology leader in the real estate space who shares our visions and values."
Renters will be able to receive a Rhino policy to fulfill their security deposit when moving into a new rental property or renewing a lease agreement. Instead of paying a large cash security deposit upfront, renters pay a small monthly fee for Rhino to insure the rental property in case of damages or missed rent payments. Security deposit insurance is an inexpensive and easy way to provide housing accessibility and flexibility to renters without sacrificing the property protection that landlords need.
"This partnership is a huge win for both the property managers and landlords who use Rentec Direct and their renters," said Andrew Delbridge, SVP of Revenue at Rhino. "Lowering move-in costs for renters means that landlords have access to a wider qualified applicant pool without sacrificing protection, all while keeping renters happy. It's exactly what we mean by a win-win and we couldn't be happier to be working with Rentec Direct to deliver it."
The Rentec Direct-Rhino Pilot Program is available to current Rentec Direct clients.
To learn more about the new partnership between Rentec Direct and Rhino, visit: http://www.rentecdirect.com/blog/rentec-direct-rhino-partnership.
About Rentec Direct
Rentec Direct offers industry-leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, the industry's largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct was named one of the Most Customer Friendly Companies of the Year in the 2020 Best in Biz Awards, received the silver Real Estate Company of the Year Award in the 2020 American Business Awards, has been named to the Inc. 5000 List of Fastest-Growing Private Companies for four years in a row (as of 2020), and was also included on the 2017, 2018 and 2019 Entrepreneur360 list for Best Entrepreneurial Companies in America. http://www.rentecdirect.com
About Rhino
Rhino was founded to give renters everywhere greater financial freedom to plan and enjoy their lives. We eliminate the need for traditional security deposits by replacing them with smart, affordable insurance so renters can maintain control of their cash. Instead of a large upfront cash security deposit, renters pay Rhino a small monthly fee, and Rhino insures the property owner for damages that might occur and lost rent. To date, we are offered in over 1 million homes, and we have saved renters over $300 million in cash.
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Media Contact
Brentnie Daggett, Rentec Direct, 5412918286, [email protected]
SOURCE Rentec Direct
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