Real estate web startup – LeaseRunner
LeaseRunner.com is a young startup offering a simple web app designed to help landlords, property managers and renters transact the entire leasing process without paper while maintaining security.
Jitka Sykora, Manager of Business Development at LeaseRunner.com told AGBeat, “If you were a renter in the past 10 years, you probably had to fill out a rental application on paper with your social security number all over it so the landlord can run a background check on you. Then you handed him a check with your bank account number on it. With LeaseRunner, your landlord would never see this sensitive information. The applicant initiates the background check herself after she submits the rental application.”
LeaseRunner features
The data from the application is added to the lease agreement electronically, reducing data entry for property managers, and the system even processes payment so that when the landlord sets up their bank info, tenants can pay online. Additionally, renters can autopay through the system which is a feature not often offered. Reporting is offered for property managers, and permissions can be set so that other employees can view and edit within the system based on what level is set for them.
Electronic signatures of all papers is offered through LeaseRunner.com and the user interface for renters and landlords is streamlined and simple with big fonts, modern drop down and simple buttons as opposed to most software in the rental industry which look like a jumbled list of blue links in tiny old fonts. LeaseRunner.com looks to be inspired by the Apple marketing suite.
How much does it cost to automate this process?
LeaseRunner’s pricing is fair compared to their competitors, and they offer customization for their larger multi-family REIT partners and property manager networks. Pricing is below (click to enlarge):
AGBeat is not affiliated with Lease Runner.
Ed Allen
October 15, 2011 at 8:24 pm
This is a great tool for real estate leasing agents. It is now much easier for an agent to get negotiated terms in writing on attorney prepared legal forms for the benefit of both lessee and lessor. And in any state for almost any asset.