Rentec Direct Honored on Inc. Magazine's Annual List of America's Fastest-Growing Private Companies - the Inc. 5000
GRANTS PASS, Ore., Aug. 12, 2020 /PRNewswire-PRWeb/ -- Rentec Direct, the highest-rated property management software solution, announced today that it has been named one of America's fastest-growing private companies on Inc. Magazine's annual Inc. 5000 list. Rentec Direct is honored to be included on this prestigious list of the most successful companies within the American economy's most dynamic segment - its independent small businesses. Current and past recipients include well-known names like Patagonia, Microsoft, Under Armour, Zappos, Intuit and more. Rentec Direct was ranked number 2610 with a three-year revenue growth of 156.59 percent on the 2020 Inc. 5000 list.
"Being included on such a prestigious list for the last four years alongside leaders in our industry is a true honor," said Nathan Miller, president and founder of Rentec Direct. "We are especially proud of the fact that Rentec Direct is a company growing 100 percent organically without any outside funding or investment. It just goes to show that when you follow your vision, focus on client needs and build a great team of employees, it's possible to find tremendous success."
Not only have companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared to years prior. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent and a median rate of 165 percent. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Rentec Direct is an industry-leading, cloud-based property management software company serving more than 16,000 landlords and property managers overseeing more than 600,000 units nationwide. Rentec's platform helps clients save money and streamline efficiency by automating common property management tasks. Rentec Direct also offers the easiest solutions for tenants looking to pay rent online and communicate with landlords. Features like these, along with a commitment to user experience and customer service, have contributed to Rentec Direct's substantial growth, earning the company recognition on this year's Inc. 5000.
"The companies on this year's Inc. 5000 come from nearly every realm of business," said Inc. editor-in-chief Scott Omelianuk. "From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism."
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at http://www.inc.com/inc5000. The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020.
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About Rentec Direct
Rentec Direct offers industry-leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, the industry's largest vacancy listing syndication network, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct received the Real Estate Company of the Year Award in the 2019 American Business Awards, has been named to the Inc. 5000 List of Fastest-Growing Private Companies for four years in a row (as of 2020), and was also included on the 2017, 2018 and 2019 Entreprenuer360 list for Best Entrepreneurial Companies in America. http://www.rentecdirect.com
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
SOURCE Rentec Direct
