How Rentership Really Works
An Inside Look at a Whole New Category in Housing
September 17, 2020
We envision a world where every renter is an owner, and we’re working to make it a reality.
Rentership lets you maintain the flexibility, location, and maintenance-free lifestyle you love while owning a stake in your apartment. All without the upfront costs of buying a home.
It may seem too good to be true. But, in fact, Rentership became a very real thing when pioneering renters at the Gravity apartment community claimed their first stake in the place they call home (and don’t just take our word for it, check out the coverage in Fast Company)!
If you have questions about how Rentership works, that’s understandable. After all, we’re talking about a whole new paradigm in housing––a solution to a problem many thought never could be solved.
Here’s what you need to know to make an informed decision about claiming—and growing—a stake in your community.
How Do You Make RNT?
So how is Rentership really created? Well, your property owner sets aside a Rentership pool that is tied to the sale value of the property. We create the Rentership pool by filling it with Rentership units (RNT) for your apartment community. RNT give you the ability to receive an economic stake in your entire apartment community. Each RNT is a unique asset and the total number of RNT per building is finite.
If you want to get RNT, you have to live at a participating apartment community (refer yours!). There are no confusing documents or hoops to jump through—eligibility is confirmed automatically using the Rhove mobile app, and you can claim your stake with the simple click of a button.
When you purchase RNT, you are receiving a contractual right to economic benefits tied to the value of your apartment building. It’s sort of like… well, it’s actually like nothing else. Rentership is the first product of its kind to give renters a stake in their community.
When you claim your stake in the Rhove app, you start earning an annual 5% RNT Return immediately. We collect your RNT Return from your property owner and deposit it directly into your Rhove account every month. You get it just for living there.
If it sounds simple, that’s because it is. Even when life gets complex.
If your apartment complex grows in value? So does your RNT.
When the property is sold? Your RNT is cashed out.
Want to buy more? You can do so anytime, day or night, in increments of only $1 each. You can even set recurring RNT buys.
Moving out? You can still hold onto your stake and keep earning RNT Returns.
Want to sell? You can do so anytime. We'll buy your RNT back from you for what you paid for it.
Claim Your Stake. Grow Your Stake.
Let's say you move in and claim your stake. Then you decide to buy $100 per month of RNT by setting up recurring RNT buys. In 5 years, you would have bought $6,000 in Rentership Units (RNT). If payouts from your RNT Returns were used to grow your RNT balance, you'd have $6,800 in RNT.
And that doesn’t account for the potential increase in the value of your community.
In addition to a RNT Return, the value of each RNT can increase with the value of your apartment community. The value of RNT is determined using an appraisal or valuation methodology at the time of RNT issuance, and the price will be communicated at the time of purchase.
So, what are you waiting for? Become more than a renter with Rentership today.
If you’re interested in bringing Rentership to your community, make a referral. If you already live at a property offering Rhove, claim your stake today. And if you’re a proud owner of RNT, grow your stake by setting up recurring RNT buys in the app.
Let’s make every renter an owner!