In this installment of our Vendor Spotlight feature, we are excited to introduce our new friend and member, Ryan Barone! Ryan is the CEO & CTO of @RentRedi. Meet Ryan!
Tell us about yourself.
I am the CEO and Co-founder of RentRedi. I actually developed (and still do) RentRedi's software for our Web App, iPhone App, Android App, and server-side code. Prior to founding RentRedi, I worked at Goldman Sachs & Pricewaterhouse Coopers (PwC) and graduated from Pace University's NYC campus with a double major in economics and mathematics, and minor in computer science. I love playing basketball and music (drums, piano, and guitar), and enjoy cooking and traveling – 18 countries and counting!
What advice would you give to yourself if you were at the beginning of your career?
Start as soon as inspiration strikes! I actually created my first invention in high school but didn't take the leap to patent and create a business out of it. It excites me that I've seen other people recreate and use the invention anyway, and I'm thankful I went through the rental experiences I did to lead me down a path I believe will be incredibly impactful for millions of people.
What do you find most hopeful in NY's real estate industry?
Technology is opening up the chance to make everything easier for everyone, and communities can band together like never before. There are millions of small landlords in NY that have previously never had the chance to use their collective knowledge, bargaining, and power. I think we will see small landlords using technology and the mass of their group to take advantage of opportunities for themselves and their tenants.
What do you find most concerning?
Even though smartphone ownership has skyrocketed to 81% among US adults, an estimated 80% of landlords still don't use any software at all to manage their properties. Any inefficiency is magnified for self-managing landlords due to their limited time, money, and resources.
If you were to do anything else, what would that be?
I strongly considered aerospace engineering at one point, because I find the study and exploration of space incredibly fascinating.
How do you think the business will be different in 10 years?
I expect nearly every landlord to use mobile-focused software to automate many of the tasks they've traditionally had to do themselves. Although it was a necessity, for example, to manually calculate and update tenants on late fees when rent was not received, we've already created software that automatically tracks rent collection and auto-generates any necessary late fees.. and this is only one piece and only the start.
What's your favorite quote?
"Be the change you wish to see in the world" – Mahatma Gandhi
What was your first job?
My first job was working at an arcade when I was 14, sweeping the sidewalk and stocking the shelves.
What do you find most rewarding about your career?
I really enjoy knowing I was able to directly improve someone's life. I think it's fantastic that software, in general, can be used to impact so many people, and I love that RentRedi allows me to help take on some of the most fundamentally important challenges of people's lives – for landlords (building sustainable wealth) and for tenants (having a happy place to call home).
Here's a video to learn how RentRedi is "Redefining Property Management Software"
Thanks to Ryan with RentRedi for introducing himself! LandlordsNY enjoys the opportunity to periodically "shine the spotlight" on our members and get to know them, offering a glimpse into their professional and personal backgrounds.