More Americans are renting than ever before, and within two years, more than half of all renters will be Millennials, the unbanked generation. While digital management and payment solutions exist for the upper tier of upscale properties, as much as 75% of the market is essentially locked out. This is why, according to the WSJ, 90% of the $600 billion Americans pay in rent, will still be via paper check.
Rezedent is the property management and payment platform designed to enable the middle market to effectively compete on quality of services and convenience; and is free for owners and managers to use. The platform facilitates communications between management and tenants with a social component for tenants to connect. Currently rent payments are through electronic check or credit card, with email and mobile payment options, favored by Millennials, coming soon.
A Silicon Valley startup, Rezedent was created by Buffalo native Tim Zielinski as a solution to the payment problems experienced by his HOA. Having emerged from nearly two years of beta development, there are nearly 100 loyal property managers representing nearly 5,000 doors using Rezedent, with almost $500,000 in payments processed this year. Through LaunchNY, and Buffalo entrepreneur Bill Irvine as Rezedent's new COO, the company is relocating its headquarters to Buffalo to expand and create jobs. Visit www.rezedent.com for more information.