How Tech Can Help RE Investors Increase Efficiency & Get Time Back with Ryan Barone, CEO of RentRedi
Revolutionize the real estate industry in today’s episode with Ryan Barone! Ryan shares his inspiring story, from founding RentRedi in college to leveraging customer feedback and venture capital to build a platform transforming property management. Discover the power of automation, the best and worst investments, and Ryan’s vision of leaving the real estate industry better than he found it.
Tune in to hear this inspiring story of a young entrepreneur’s journey to success with RentRedi!
[00:01 – 06:25] Opening Segment
- Ryan Barone is the CEO and CTO of RentRedi, a software and technology platform for landlords to run their properties efficiently
- Creating a platform that helps automate processes and generate passive income
[06:26 – 14:35] Streamlining Rent Collection and Automating Operations with RentRedi
- Automated rent collection and deposit to the proper accounts
- Customizable late fees
- Eliminate manual tasks
- Partnering with companies like TransUnion to give landlords economies of scale
[14:36 – 25:04] Investing in the Future: Raising Capital in the Tech Space
- Building a syndication platform that allows landlords to list their vacant units on platforms like Apartments.com, Zillow, Facebook Marketplace, and Craigslist
- Offering flexible payment options for Zillow listings so landlords can save money
- Most of Ryan’s clients come from manual processes such as pen and paper and spreadsheets
- Core competency is passion and love for what they are doing
[25:05 – 31:29] Closing Segment
- Best investment: taking time to learn programming and talking to customers
- Worst investment: not investing during Brexit
- The most important lesson learned: time is your most scarce resource
Quote:
“Time is our most scarce asset, and we shouldn’t spend all our time managing our properties. We need to aim to make some passive income.” – Ryan Barone
Connect with Ryan!
Website: www.RentRedi.com
Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/
Track your rental property’s finances with Stessa. Go to www.escapingwallstreet.com.
Join our Passive Investor Club to access passive commercial real estate investment opportunities.
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About our Guest
Ryan Barone
It all started when CEO Ryan Barone lost out on a great apartment in New York City. A double major, top of his class, and with an internship on Wall Street – getting documents for rental applications shouldn’t have been a problem. But it was. And it wasn’t just an issue for him.
Speaking with friends, he found the application process for rentals was difficult for everyone, tenants and landlords. Gathering and storing documents and having them easily available for landlords was a problem – and RentRedi became the solution.
