No, RentFund is 100% free for landlords to us. How it works is landlords are giving back 5% of the total rent back to the tenant. For example if you have a rental property that is being rented for $1,500 monthly you would be giving the tenant 5% of the rental payment back as an incentive for them to take better care of the property. So that would be $75 back to the tenant and you would be getting $1,425 directly deposited into your account every month. The rental would be listed on RentFund with the RentFund service fee of $24.99 plus 2.9% trans fee + taxes. The final listing price for the tenant would be $1,568.49.
No, RentFund is free for tenants to use and benefit from. Tenants will be required to take care of the properties they are renting or they will lose their damage deposit and part of their investment fund. If a tenant gets 3 bad ratings their account will be closed and they will lose access to RentFund and all it's features.
Yes, one of the many features RentFund offers to the users is the ability to search and filter through properties using our advanced filtering function within the app.
RentFund can help you build your credit by allowing you to pay your renting using a credit card. You'll also be building your score within the app which will be even more valuable than a credit report to landlords.
Creating a profile takes a few minutes, once you create your profile and you provide a photo ID to verify yourself on the platform you are ready to start using all the RentFund features!
The investment is professionally managed by Fidelity Investments. Each month that you pay rent 5% of the total amount gets invested for you. The fund will grow over time and help you build financial freedom when renting. The longer you leave it in the bigger it will grow.