 |
 | |
| Type | Public company |
|---|---|
| ASX: RNT | |
| Founded | 2007 |
| Headquarters | 3 Craig Street, |
Key people | Greg Bader (CEO) |
| Brands | rent.com.au rentpay.com.au lease.com.au |
| Website | www.rent.com.au |
Rent.com.au (or simply Rent) is an Australian-based company that runs rent.com.au, a dedicated Australian rental property portal. It is listed on the Australian Securities Exchange as ASX:RNT.
Rent.com.au was established in 2007 [1] to address a gap in the market for a real estate portal that specifically catered to the needs of Australian renters. For the first two years, the company focused on developing a website front end and ensuring sufficient property listings content was available to provide renters with the widest choice of rental properties possible. To achieve this, Rent.com.au integrated with over 60 different real estate software providers [2] between March 2007 and March 2015, allowing real estate agents to automate property listings onto rent.com.au.
Rent.com.au was one of a few portals that allowed private landlords (those not using a real estate agent) to list their properties on the site. Early revenues were low and derived mainly from property listing fees and other advertising sources.
In 2018 Rent.com.au launched its mobile app in both the Google and Apple Stores. [3]
Rent.com.au Limited began trading on the ASX on 23 June 2015 [4] with an initial market capitalisation of $17.5 million.
In the first six years since its initial ASX listing, Rent.com.au has raised a further $24 million across several capital raisings, with significant investors including Charles Tarbey (chairman of Century 21 real estate) [5] and Bevan Slattery (Australian technology entrepreneur).
From 2013, Rent.com.au began offering products designed to help renters apply for and move into properties, including identity verification and background checking product RentCheck. In 2019 the company announced it had launched a utility connection service called RentConnect, in partnership with AGL Energy. [6] In April 2021, Rent.com.au announced that around 10% of AGL's new consumer electricity and gas connections nationally had been sourced via this product. [7] [8]
In late 2016 Rent.com.au launched its Renter Resume [9] online profile and application system, [10] which, together with the Pet Resume feature, [11] [12] more than 1 million people had used by 17 February 2021 [13] [14] to make their rental experience easier.
In May 2021, the company extended its reach into the tenancy period with the launch of its RentPay platform, [15] [16] which gave renters the ability to control their rental payments. RentPay allowed them to set when and how much they paid in rent whilst ensuring the agent or landlord received the correct rent on time.
Rent.com.au's main focus is renter products, which account for approximately 50% of its revenue. [17] The remaining primarily comes from advertisers wishing to access this renter audience.
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. An example of renting is equipment rental. Renting can be an example of the sharing economy.
A landlord is the owner of a house, apartment, condominium, land, or real estate which is rented or leased to an individual or business, who is called a tenant. When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for the female owners. The manager of a pub in the United Kingdom, strictly speaking a licensed victualler, is referred to as the landlord/landlady. In political economy it refers to the owner of natural resources alone from which an economic rent is the income received.
Eviction is the removal of a tenant from rental property by the landlord. In some jurisdictions it may also involve the removal of persons from premises that were foreclosed by a mortgagee.
A lease is a contractual arrangement calling for the user to pay the owner for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property may be referred to as the lessor and the renter as the lessee.
MYOB is an Australian multinational corporation that provides tax, accounting and other business services software to small and medium businesses. It is owned by American private equity KKR.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006, and was created by Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current senior vice president of experience design.
An Australian real estate investment trust (A-REIT) is a unitised portfolio of property assets, often listed on a stock exchange such as the Australian Securities Exchange (ASX). Such investment structures were known as listed property trusts (LPT) in Australia until February 2008, but were renamed to be more consistent with international terms. Unit trusts of property assets which are not listed on a stock exchange are known as unlisted property trusts.
AGL Energy Ltd is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use. AGL is Australia's largest electricity generator, and the nation's largest carbon emitter. In 2014, the company had an operated generation capacity of 10,984 MW. The company emitted 42,227,180 Total Scope 1 Emissions in 2019-20 and 40,209,034 t CO2-e in 2020–21. AGL is also a significant investor, owner, and operator, of renewable energy assets.
REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia with subsidiary offices in Wanchai, Hong Kong and Gurugram, India.
Trulia is an American online real estate marketplace which is a subsidiary of Zillow. It facilitates buyers and renters to find homes and neighborhoods across the United States through recommendations, local insights, and map overlays that offer details on a commute, schools, churches and nearby businesses.
Catcha Group is an international Internet group founded by entrepreneur Patrick Grove. The Group controls a number of publicly listed and private media, new media, online classifieds and e-commerce businesses, and is one of the largest investors in the digital sector in emerging markets, notably ASEAN. Catcha Group and its related entities have completed over 50 investments either directly or indirectly, as sole, majority or minority shareholders.
Naked Apartments is a website-based business that connects apartment renters in New York City, United States, with real estate brokers and landlords. The website provides 'on demand showings' and 'reverse search'. Using the Naked Apartments website, landlords and brokers search for interested renters and send them listings and offers.
Brenton G. Hayden is an American entrepreneur. He is most well known for founding and serving as chief executive officer of Renters Warehouse. Hayden founded Renters Warehouse during the real estate market downturn in 2007. In 2015, the company reported revenues of $15 million, up 184 percent from the last three years.
RadPad was a photo-based mobile application for home and apartment renters. Radpad's assets were acquired by the owners of LandlordStation on December 31, 2016. As of October 2016, renters could no longer pay rent through the app. Pay With RadPad, however, was relaunched under new ownership in March 2017. In March 2014, RadPad was the largest rental service in Los Angeles, and the second-largest rental market in the country. RadPad also offers additional real estate products such as renters insurance, credit reporting, and lease signing.
Domain Group is an Australian digital property portal and associated real-estate industry business. The company was founded by Fairfax Media, when the publisher branded their real-estate sections in print with the Domain brand and first established an online presence in 1999. The company was a wholly owned subsidiary of Fairfax until November 2017, when Domain was listed on the Australian Stock Exchange as a public company, although Fairfax Media retained a 60% ownership of shares.
OpenRent is an online letting agent and property service provider, founded in 2012. It is a UK-based startup company focused on technological solutions to property rentals. It claims to be the largest letting agent in the UK based on number of properties, boasting over 2 million users as of 2019.
RealPage is an American multinational corporation that provides property management software for the multifamily, commercial, single-family and vacation rental housing industries. Dana Jones is Chairman of the Board & Chief Executive Officer.
Zero Deposit is a UK based deposit-free renting platform with its headquarters in Hertfordshire, UK. It provides an insurance backed guarantee underwritten by Equitable Rental Insurance Limited is and regulated by the Financial Conduct Authority (FCA), which allows tenants to pay less upfront when renting.
... from founding the business in 2007, through to successfully listing the Company on the ASX ...
Its flagship tool, Renter Resume allows renters to create a one-time profile with their rental history ...
... rent.com.au has launched a 'Pet Resume' service ...
Rental property website Rent.com.au has launched Pet Resume ...
Rent.com.au has announced that more than one million renters have now created a Renter Resume through its site ...
Rent.com.au's (RNT) rental payments platform has officially gone public