Carrington Technology Solutions LLC and Equator Business Solutions have announced the commercial availability of RentPointe, Carrington’s proprietary software application specifically designed to meet the complexities of managing diverse portfolios of single-family rental properties. Integrated into Equator’s EQ Investor Platform per an exclusive agreement between the two companies, RentPointe provides financial institutions, institutional investors and large-scale property management companies with a scalable, end-to-end, single-family asset management suite dedicated to efficiently maximizing the performance of multiple-property portfolios.
RentPointe offers a specific advantage to property management companies tasked with managing multiple properties and groups of individual property managers. Delivering RentPointe as a software as a service (SaaS) solution through Equator introduces this and other key advantages to a broader market and provides users with a robust, comprehensive system to more effectively meet their acquisition, property management and asset disposition needs.
“RentPointe was specifically designed to meet a growing need within the single-family rental market for more efficient portfolio management and a solution with the ability to manage multiple property managers simultaneously,” said Brent Rasmussen, Executive Vice President and Chief Information Officer for Carrington Technology Solutions, LLC. “Having utilized RentPointe as a proprietary solution for the past seven years to manage its own portfolio of nearly 15,000 U.S. properties, Carrington knows firsthand the potential impact this solution can have on the industry. That is why we are so pleased to offer RentPointe to the commercial market on Equator’s EQ Investor Platform.”
Equator’s EQ Investor Platform provides due diligence, acquisition, asset transfer, REO rental and REO disposition through its virtual Equator Marketplace to agents, vendors, tenants and investors via various market-specific portals. Integrating RentPointe within this platform provides multiple benefits, including a higher, more efficient workflow, access to Equator and Carrington data for net present value modeling, full transparency and audit compliance, in addition to providing an electronic marketplace for real-time management of vendor orders. Access to and delivery of RentPointe information flows through Equator’s interface, creating a seamless experience for the end-user.
“The integration of RentPointe into our EQ Investor Platform provides the market with something it desperately needs – a better way to manage today’s larger, more geographically diverse rental property portfolios,” said John Vella, Chief Operations Officer for Equator. “We look forward to demonstrating the end-to-end capability of this industry-leading platform that specifically addresses the various needs of real estate investors at IMN.”
RentPointe’s core portfolio management capability provides a fully scalable, internet-based technology to manage every aspect of a rental property’s lifecycle – from acquisition through rehabilitation and lease-up to ongoing management. Vendor management, reporting and business analytics modules are included along with electronic document upload capability to enable lease and rental agreements, invoices and vendor contracts to be securely stored and reviewed online as necessary. RentPointe also offers the following modules:
► User configurable workflow and task management
► Mobile access
► Customer electronic forms and documents
► Customer letter automation and print services
► HOA and property tax tracking and payment automation
► Electronic document storage and management
► Integrated accounting package with reconciliation and check modules