I’ve used RentRedi for several years and, up until recently, had no complaints. The platform has been a convenient and reliable tool for managing my properties — I had no reason to question its security or functionality.
Unfortunately, after experiencing a serious incident where $3,200 in rent was stolen due to unauthorized access to my account, it's hard for me to think of anything positive to share at this time. The lack of alerts or safeguards around changes to banking information is alarming, especially for a platform handling financial transactions. Review collected by and hosted on G2.com.
I’ve been using RentRedi to manage my rental properties, but unfortunately, I recently experienced a serious issue where $3,200 was stolen due to unauthorized access to my account. Someone gained access, changed the banking information, and redirected a tenant’s rent payment. Despite promptly reporting the incident, I was told there was no breach of RentRedi’s or Stripe’s systems and that the activity happened through valid login credentials.
As a landlord who relies on this platform to manage sensitive financial transactions, I find this deeply concerning. Security measures should not just stop at deflecting responsibility—there should be proactive safeguards to alert users to suspicious changes, especially when bank account information is updated.
I’ve worked hard to establish trust with my tenants, and this breach has not only caused financial harm but has also compromised that trust. I hope RentRedi takes stronger action moving forward to protect its users. At the very least, landlords deserve better protection and transparency. Review collected by and hosted on G2.com.
Please know that we greatly appreciate your partnership with us. Our escalations team has worked with you regarding this case and I think it’s important to address the security of your account.
RentRedi has multiple security measures in place. On top of being compliant with the strictest industry standards, RentRedi encrypts all sensitive data
We offer Multi Factor Authentication, and its implementation predates this fraud incident. It is enabled by the customer. When sensitive payment account information is changed, we require the customer to verify this change.
Additionally, RentRedi has not experienced any data breaches. The unauthorized change made to your account was initiated by someone who had access to your email as a 6-digit verification code was used to confirm the change. Though we do all we can to protect your account, we cannot protect your email address and other external accounts. The bad actor was able to delete the safeguards that were sent to the email address on file because the breach was external.
Please know that your account's security remains our top priority, and we are committed to helping you prevent further incidents. Please reach out to our support team if we can help implement further security measures.
support@rentredi.com
(646) 741-9393
