Rentback is a sale-leaseback service that helps owners access the equity in their home while continuing to live in the residence as a renter.
An owner will submit information on their property to Rentbackand receive an initial estimate. Rentback will then provide an assessment with potential lease terms. The owner will receive offers from partner property investors and can then decide who to sell to.
Rentback does not charge any fees to sellers according to most sources, but rental fees can vary based on the ultimate purchaser of the home.
According to most sources, Rentback makes money primarily by connecting property investment companies with owners who want to access the equity in their home. Rentback also works with real estate agents, insurance companies, and title/escrow companies, and may receive referral fees from these partnerships.
Rentback is privately held.