FAQs

Renters living at participating apartments can purchase Rentership units (RNT). Each RNT represents an economic stake in your apartment building. When the value of your apartment changes, so does the value of your RNT. In addition to participating in the value of your apartment, owning RNT entitles you to monthly payments (RNT Returns).

When you purchase RNT, you are purchasing a contractual right to economic benefits tied to rents collected by your apartment building. The economic stake is a fully transferable rebate on rent the property has collected and is owed to RNT stakeholders when the property is sold. You are also locking in a pre-determined annual rate on RNT Returns which will be paid to you monthly until you sell your RNT.

If you buy $1,000 in RNT while living at a property that has an initial Rentership valuation of $10,000,000, then you would own a 0.01% stake in the sale value of the apartment building. If the property sold two years later for $12,000,000, then your 0.01% stake would be worth $1,200 and you would receive $1,200 at the time of sale. 

Additionally, you would have received $50 in RNT Returns every year until the property was sold just for holding RNT. 

In this example, you would have paid $1,000 for RNT and two years later you would have received $1,300 in total RNT Returns and distributions for holding RNT until the property was sold.

You can continue to hold your RNT even if you move out of the property. You’ll receive RNT Returns as long as you hold RNT, and will participate in the value of the property even if you move out. This means that if the property is sold, your RNT will be retired and you will receive a cash payout for your economic stake in the sale value.

You would still receive at least the initial value of RNT. Property owners are required to buy RNT back from stakeholders at their initial Rentership valuation, even if the property is sold for less than the initial Rentership valuation.

Yes, in rare situations. If a property is in default or goes into foreclosure, it is possible that you could receive an amount less than what you paid for RNT and as little as zero dollars. In this case, the property may not be able to repurchase RNT. However, this is unlikely because the minimum payout required by your property owner is at least the initial face value of RNT, even if the property sells at a loss. Also, the payment to RNT stakeholders must be made before payments to the property owners in the event that a property is sold.

Download the Rhove app and create an account. If your apartment offers Rentership, you'll be able to buy RNT straight from the account dashboard. With the click of a few buttons you can become a stakeholder in your apartment.

If Rentership is not available in the property that you live in, you can search for an apartment using our web or mobile listings. If we’re not available in your area, introduce us to your property manager and we’ll do our best to bring Rentership to your community.

Your primary residence must be at a participating apartment community and you must have a current lease in good standing to be an eligible renter. Eligibility is confirmed automatically using the Rhove mobile application.

No. There is no credit check required before you can purchase RNT. Participating apartments may require credit checks as part of the lease application.

No, Rentership is not Rent-to-Own (R2O). Rentership gives you maximum flexibility. You automatically get a stake when living at a property offering Rentership and can buy more on your own terms, in $1 increments. You earn cash distributions every year that you own with Rentership and can sell your stake at any time. R2O typically adds an extra fee to base rent that can be applied towards purchasing that property or condo in the future. With R2O you do not receive cash distributions. Additionally, with R2O you typically need to purchase the property in full with a traditional mortgage to receive any value.

The value of RNT is confirmed by Rhove using a third party appraisal or valuation methodology satisfactory to Rhove at the time of RNT issuance. The price will be communicated to you at the time of purchase. The value of RNT may change from time to time based on new information, such as a new third party appraisal of the property or based upon a valuation methodology satisfactory to Rhove. The valuation methodology will be disclosed to you if there is a change in the value of your RNT. However, it should be noted that valuations are educated estimates of value. Ultimately, the market will set the value of your property, and therefore RNT, if your property is sold.

You can sell your RNT at any time using the Rhove app.

Yes, there are transaction fees when you buy and sell RNT. Transaction fees are $0.99 or 1.99%, whichever is greater. Transaction fees are waived for monthly recurring purchases. You will also not be charged a transaction fee if your RNT is automatically redeemed due to a capital event (such as a sale or refinancing) at your property.

Since the value of your RNT is tied to the value of your apartment building, anything you do to make the property more valuable helps make your RNT more valuable. Taking good care of your community, referring other renters to live in the building, and encouraging longer term tenancy are all examples of things that make your community more valuable.

No. There are no upfront costs or downpayments needed to participate in Rentership. The minimum purchase per transaction is just $5. We are creating more access for renters to become stakeholders in their communities by lowering the barriers of entry so that everyone can participate.

We believe in transparency. Too many technology businesses charge no fees to consumers up front, but then have shady or misaligned revenue models that are not in your best interest (such as over charging customers or selling your data without regard to privacy). Companies that offer “free” services do this because if a product is free, you are actually the product and not the customer. 

Transaction fees support Rhove’s ability to facilitate transactions through banking and financial institutions. We also charge property owners monthly software-as-a-service (SaaS) fees. Property owners pay Rhove SaaS fees because they are utilizing the Rhove app (and solutions such as Rentership) to attract renters and encourage lease renewals.

Yes, if necessary. At the end of every year, you will receive a consolidated Form 1099 to assist you if you need to report income earned from holding, buying or selling RNT.