Browse by Topic
Rhove is a financial technology company that is on a mission to radically expand homeownership. We make the path to homeownership more achievable by enabling renters to save money, earn rewards and get a return from where they live.
Rent to Earn makes being a renter more financially rewarding. Rent to Earn is a new paradigm in real estate through which renters have a vehicle to earn a return from where they live. That’s what calling a place a home is about—it’s not just a place where you keep your stuff and make your bed. A home for many people is a vehicle to accumulate value, save and plan for the future.
Rhove has a Freemium business model. That means that we offer entry level products and services for free. There are no hidden fees. However, you will have the option to purchase premium features as well as other financial products and services in the future. Purchasing premium features and utilizing additional Rhove products and services is optional.
Rhove has raised funding through venture capital investment.
No. Rhove is not a bank. Bank services are provided through our banking software provider Synapse and funds are held by Evolve Bank & Trust, Member FDIC.
No. Rhove is not a landlord, property owner, mortgage lender or real estate broker. By signing up with Rhove or using our products and services, no landlord-tenant relationship, lender relationship, or any similar relationship has been entered into between you and Rhove.
No. Rhove is not a registered investment advisor or broker dealer. Rhove does not offer financial or investment advice. By signing up with Rhove or using our products and services, no financial or investment advisory relationship has been entered into between you and Rhove.
Funds are held by Evolve Bank & Trust, Member FDIC. These funds are held in an account under Roost Enterprises, Inc. (D.B.A. Rhove), for your benefit.
Yes. Bank services are provided through our banking software provider Synapse and funds are held by Evolve Bank & Trust, Member FDIC. These funds are held in an account under Roost Enterprises, Inc. (D.B.A. Rhove), for your benefit. To view Evolve’s FDIC status visit the following link: FDIC.
The FDIC (Federal Deposit Insurance Corporation) is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government. For more information about the FDIC visit the following link: Deposit Insurance FAQs.
Yes. Bank services are provided through our banking software provider Synapse and funds are held by Evolve Bank & Trust, Member FDIC. These funds are held in an account under Roost Enterprises, Inc. (D.B.A. Rhove), for your benefit.
Deposits held in a user account may be eligible for insurance by the Federal Deposit Insurance Corporation ("FDIC") on a per user basis depending on the rules and limitations set forth by the FDIC. For purposes of applicable FDIC deposit insurance limitations, deposits in accounts at the financial institutional partner(s) opened through the financial institutional partner(s) with Synapse may not be separately insured from any other accounts you may have opened with the financial institutional partner(s), depending on the named account owners.
Yes, you must be at least 18 years of age.
There is a $5 minimum monthly deposit and a $500 maximum monthly deposit threshold. You may cancel your monthly savings at any point.
Nope, it’s your savings. Spend it how you like.
No. Rhove’s goal is to help you save and research suggests that prioritizing savings first, helps you save. Pay yourself first every month.
Anytime you want up to six times per month.
We have a minimum of $5 and a maximum of $500 per withdrawal.
Zero dollars for renters. No monthly or annual fees.
No minimum required.
Yes. Once you link a bank to your Rhove account, we will automatically send you monthly statements.
By downloading Rhove’s app, eligible renters living at partner properties will receive a monthly savings match from the property owner, equal to 2.5% of their rent value, subject to qualifying lease and renewal per the Rent to Earn Agreement.
$1,000 monthly rent
$25 property owner monthly match
$25 renter monthly recurring deposit
Total saved annually = $600
Eligible renters are those that a) have a 12 or more month lease at a partner property, b) are not delinquent on their lease obligations, c) have verified their email in the app, d) have linked a bank account to their Rhove account, e) have set up monthly recurring deposits into their Rhove account in an amount equal to or greater than the savings match, and f) accept and agree to all applicable terms. A full list can be found here: https://rhove.com/legal/
If you live at a participating property and would like to receive the Savings Match, you must save a minimum amount equal to 2.5% of your rent payment monthly to be eligible for a savings match. You may save more than 2.5% up to $500 per month; however, additional savings will not be matched.
The money comes from savings on turnover costs when you renew your lease. The locked funds allows your property to incentivize lease renewals and share some of their cost savings with you.
Yes, but only at certain participating properties and after one qualifying lease renewal. Your money is always available.
No. Continue paying rent as usual through the channels that they have made available to you per your lease agreement with them. Rhove does not facilitate rent payments. When you set up a rewards account with Rhove, you are establishing a savings rewards account that you can use to set money aside for your financial goals while earning additional benefits.
No. Rent is not raised or lowered to offer Rhove. Property owners participate to encourage lease renewals and to provide an additional amenity that attracts tenants.
Rhove is entirely optional for residents at partner properties. We anticipate the simplified savings and dollar-for-dollar match will be tough to pass up for anyone with financial goals in mind. In addition, Rhove is developing a suite of products to help renters capture even more value from their rent.
Funds are held by Evolve Bank & Trust, Member FDIC. These funds are held in an account under Roost Enterprises, Inc. (D.B.A. Rhove), for your benefit. Vesting funds are held in a custody account under your property owner at Evolve Bank & Trust, Member FDIC. These funds will be automatically transferred into your account upon lease renewal per the vesting schedule in the Rent to Earn Agreement.
Closing Credits are an exclusive benefit for people that save and rent with Rhove. Each month you save, you will earn credits towards closing. Those are redeemable when you use our partner realtors and lenders to buy a home.
Eligible Rhove savers earn credits each month towards closing. Closing Credits are not redeemable for actual cash and only applicable when using Rhove’s partners as listed.
Get a Loan Credit of 0.5% of the mortgage loan value, up to $2,000. This credit applies towards loan-qualified closing expenses.
Get even more when you close on the purchase of a home with one of our partner real estate agents. Receive a Realtor Credit of up to 15 % of the realtor commision or max of $2,000 (whichever is lesser).
$232,000 Home Price *
Realtor Credit: $1,044 commission rebate
Loan Credit: $928 towards closing costs **
Total Credit Value: $1,972
* Average Home Sale Price in Central Ohio March 2019, Columbus Realtors
** Assumes a 20 % down payment
More detailed information is included in the Closing Credits Terms and Conditions.
Just setup automatic monthly savings with Rhove and you will start earning every month you save. Earn even more when you qualify for the savings match living anywhere offering rhove.
While you're automatically eligible for Closing Credits, you do not have to redeem them. Participating is optional. However, our esteemed partner lenders and realtors provide award winning customer service. Working with them to purchase your home and redeeming your closing credits can save you thousands of dollars in closing costs and expenses.
If you close on the purchase of a home and use a rhove realtor as your buyer's side agent from one of our real estate broker partners, you can receive a maximum credit of 15% of the commission payable to the real estate agent on the settlement statement at closing. The credit rebate is based on a standard 3% real estate agent commission, which would be equivalent to a rebate of up to 0.45% of the home purchase.
If you work with one of our lenders to purchase a home then you can receive a maximum closing cost credit of up to 0.5% of the mortgage loan value, up to $2,000.
Credits apply towards loan-program qualified closing expenses, including escrow items for taxes and insurance, prepaid expenses, home appraisal, and other customary costs associated with the mortgage or home closing.
Any lender or realtor credit shown on the Settlement Statement is subject to both federal lending and settlement laws, as well as the laws of the state in which the property is located, which may limit or affect the amount of, or the disclosure of such credit. We currently only offer this service in Ohio, which is a state that does not restrict rebate or commission credits for home purchases.
Loan and Realtor Credits are provided solely by our vendor partners and are in no manner attributable to a discount or rebate provided by Rhove. Redemption of credits is dependent on purchasing a home with partner vendors per the Closing Credits Terms and Conditions.
Partners can be found in the Rhove mobile app available for both Android and iOS.
Realtors and lenders often pay referral fees for qualified homebuyers. With Rhove, these fees are passed on to homebuyers instead of a broker or agent.
When you are ready, Rhove will connect you with one of our partner realtors and lenders. When you purchase a home, your Loan and Realtor Credits will be included on the Settlement Statement and will count towards qualified expenses, which can reduce your out of pocket closing costs.
Rhove is not a realtor, broker, or lender. Rhove is a financial technology company that provides services to renters through partnership with lenders, realtors and property owners.
Rhove does not receive any compensation when you purchase a home from the vendor partners related to closing cost Loan or Realtor Credits. Rhove may charge partners software-as-a-service fees for marketing and lead generation, which are not dependent on the purchase of any homes by any specific home buyers.
Only if you stop saving with Rhove. After 365 days from your last deposit into your Rhove account, your credits expire. If they expire, then you can start saving and become qualified again.
We do not sell or disclose your contact information or personal information to rental providers or any other third-party without your request or consent.
If you link a bank account and establish an account with Rhove, we will share your information with our banking partners for the sole purpose of establishing your account and providing account services to you.
We may disclose information for the sole purpose of providing services requested by you or when obligated by law.
For example, if you sign up to tour a property or request more information about a rental property, we may share your contact information with that rental provider for the sole purpose of fulfilling your request. We will share only the information that is necessary to fulfill that request.
We disclose personally identifiable information only when necessary to provide services requested by you, when required to do so by law, or when we believe in good faith that disclosure is reasonably necessary to protect the property or rights of Rhove, third parties or the public at large.
We may disclose non-personally identifiable aggregated information without restriction. However, we will not, and will never, rent or sell potentially personally-identifying and personally-identifying information to anyone without your request or consent.
Rhove is committed to protecting your personal information. We comply with all applicable laws and regulations regarding the collection, storage, and transmission of your sensitive financial information and any information that can be used to access your sensitive financial information. We take deliberate steps designed to protect your information in our possession. These steps include, but are not limited to, maintaining information security controls such as data encryption, firewalls, logical and physical access controls, and continuous monitoring. These controls are regularly evaluated for effectiveness against industry-standards internally and by independent security auditors.