Imagine a landlord and tenant relationship based on responsibility, reliability, and rewards. That’s the vision driving Vancouver-based fintech startup RentPerks.
Born out of the idea that tenants should be rewarded for their loyalty and punctuality, RentPerks seeks to redefine how we perceive rental relationships, using a blend of innovative technology, analytics, and an alluring rewards system.
The BC startup offers a unique rewards scheme known as the REM tenant loyalty program. This system allows tenants to earn REM points for activities such as paying rent early or on time, keeping their rented properties in good condition, and even referring friends to vacancies.
Every REM earned is equivalent to one cent (USD). REM points earned can be redeemed for major brand gift cards or transferred to friends. In the future, the company plans to extend the redemption program to include hotel stays, flights, and vehicle rentals.
The longer a tenant stays with a RentPerks property, the more rewards they can earn.
“The longer you stay as a tenant with us, no matter where, the higher your earn rate climbs,” the company says. “There are also more PERKS offered at higher levels.”
In 2023, the Canadian fintech has introduced digital cards with QR codes for tenants, simplifying access to repairs, rewards, and other services.
And it’s not just tenants who benefit, the company says. RentPerks offers a package for landlords looking to optimize property management and profits.
In exchange for skimming a small percentage off the top, the startup promises to increase a property’s income-earning potential and ensuring timely rent payments while offering innovative marketing and advertising strategies using 3-D cameras.
“We serve Tenants to ensure your assets are Maintained, Secured and Leased,” the company states online. “The real time reporting and transparency in our technology makes us accountable to you. You can see virtually everything happening with your portfolio anywhere in the world so long as you have a data connection.”