I think it's a legitimate question. Using a once off service to get your ad on all three portals is a decent deal. I think though where RNT can differentiate itself is the point where
- That landlord needs to list this property more then once that year
- The landlord owns more then one property
The RNT fee for landlords I believe is $99 for the year. Once you start having to list a property more then once in a year, or having multiple properties, this is where this expense starts to add up
Eg. Although not the norm, my uncle in law owns I would guess approx 50 properties (owns a few entire apartment complexes which he self manages it all). Let's say he has to advertise 20 properties for instance, using those services would cost him $3600, RNT would cost him $99. Anyone self managing is in it to save money, so it all adds up
The greater question is whether RNT can gain the traction with the public, which they are doing quite well. If they can do that, people will pay the fee as they would have greater assurance that they could find a tenant through the service
RNT Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
