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Draft:RentCafe

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This is an old revision of this page, as edited by Procyon117 (talk | contribs) at 16:28, 1 June 2024 (v2.05 - Fix errors for CW project (Reference list missing)). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

RentCafe.com (formerly RENTCafé) is a property management software that provides services for property managers and tenants[1][2] such as leasing tools, online chat and self-guided tours. RentCafe is also a listings site[3] that focuses on multi-family properties across the US and Canada.

History

Launched in 2011 by Yardi Systems, RentCafe was conceived as an internet listings site with a focus on property management and marketing, following a B2C (business-to-customer) model.[4] It provided users with features such as online tenants application, tracking online rent payments, lease renewals and managing maintenance requests.[5]

In 2014, RentCafe started to offer users the option to make payments via Short Messaging Service (SMS) as well as review balances. The platform was the only one at the time to implement an Instagram integration feature that allowed property managers to display images from the social media platform on their website.[6]

In 2023, as a response to the White House announcement regarding hidden fees, the website implemented an update to show a fee disclosure section.[7] This included security deposits, administrative fees, pet fees, along with rent prices and other various charges. 2023 also marked the signing of an API Access Agreement between ApartmentLove and parent company Yardi Systems, with the RentCafe API interface facilitating the exchange of data,[8] the integration of an ID Verify software to facilitate the screening process[9] and the implementation of a new software product that would allow tenants to pay with housing vouchers.[10]

By 2023, RentCafe expanded its client base to include mobile platform and market network Zonetail[11] and Belgian-based real estate company Xior Student Housing.[12]

In 2024, smart home technology platform iApartments announced the integration of RentCafe as a customer relationship management system.[13]

RentCafe has also produced range of reports and studies with a focus on real estate news[14][15][16] and market insights[17][18] for over 130 cities, including a quarterly competitivity report[19] and a monthly rental activity report.[20][21]

References

  1. ^ Major, Mikayla. "RentCafe: A Closer Look at Software and Features". Swiftlane. Retrieved 12 April 2024.
  2. ^ "Yardi RENTCafé Review: Pricing, Pros, Cons & Features". CompareCamp. Retrieved 12 April 2024.
  3. ^ Cooper, Sofia. "RENTCafe Property Management Software Review, Cost, Alternatives". ButterflyMX. Retrieved 12 April 2024.
  4. ^ "RentCafe company profile". Tracxn. Retrieved 10 May 2024.
  5. ^ "Yardi RentCafe Reviews, Features & Pricing 2024". Wheelhouse. Retrieved 10 May 2024.
  6. ^ "Yardi Innovates Multifamily Marketing with New RENTCafé Features". 23 October 2014. Retrieved 20 April 2024.
  7. ^ "RentCafe.com Update Helps Renters Avoid Hidden Fees."". PR Newswire. 29 November 2023. Retrieved 22 May 2024.
  8. ^ "ApartmentLove Announces Agreement With Yardi and the RentCafe Listing Syndication Portal". Financial Post. 27 September 2023. Retrieved 16 April 2024.
  9. ^ "Yardi ID Verify Expands Resident Screening Safeguards to Canada". Yahoo!Finance. 30 November 2023. Retrieved 20 April 2024.
  10. ^ "Yardi Adds Product To Simplify Housing Voucher Acceptance."". socaltech. 16 March 2023. Retrieved 16 April 2024.
  11. ^ Devi, Shora (28 February 2023). "Zonetail (TSXV:ZONE) sings agreement with U.S.-based property management company". The Market Online. Retrieved 28 April 2024.
  12. ^ Biring, Nick (20 February 2023). "Xior selects Yardi as its pan-European operations platform". PBSA News. Retrieved 26 April 2024.
  13. ^ "The Big Four in Property Management Systems Now Integrate With Leading Smart Home Platform". PRWeb. 12 March 2024. Retrieved 23 April 2024.
  14. ^ Cortright, Joe (13 November 2017). "Renters move up-market". CityCommentary. Retrieved 1 May 2024.
  15. ^ Kingston, Jennifer. "An exodus of renters". Axios. Retrieved 10 April 2024.
  16. ^ Kolomatsky, Michael (28 September 2023). "There's a Building Boom, but It's Not for Everyone". The New York Times. Retrieved 19 April 2024.
  17. ^ Bunnell, Caroline (25 September 2023). "Boston ranks among the most competitive rental markets in the U.S". Boston.com. Retrieved 19 April 2024.
  18. ^ Dubicki, Ray (13 May 2023). "The Urbanist PodcastL Your Guide to City Ranking Lists". The Urbanist. Retrieved 16 May 2024.
  19. ^ Meenan, David (5 October 2023). "RentCafe Highlights Rental Competition Across The Country". RISMedia. Retrieved 17 May 2024.
  20. ^ Bond, Michaelle (25 March 2024). "See how high Philly ranked among the best renting destinations in the country". Inquirer. Retrieved 20 May 2024.
  21. ^ Rafter, Dan (18 March 2024). "RentCafe report: Minneapolis remains the most coveted city among apartment hunters". REJournals. Retrieved 12 April 2024.


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