Disrupting Cryptocurrency Payments in Property Management with Denny Bohs

Denny Bohs

Renteez Coin, the new crypto coin from Renteez, adds the ability for tenants to turn their monthly rent payment into an investment opportunity.

The rental market is stronger than ever. Sustained demand has fueled an unprecedented boom in buildable properties.(1) Heated multi-family construction and the growing number of affluent renters have contributed to the rise in the percentage of US households renting, currently around 36%.(2 ) As fewer people use checks, renters expect digital payment options. Meanwhile, the property management software market is exploding,(3) but most require technical knowledge or target large property management companies, leaving individual owners overwhelmed and confused. Walk in disruptor Denny Bohs, project and product manager at Renteez.com, explaining to Karla Jo Helms, host of the Disruption podcast Interruption, that homeowners need an easy and affordable way to make bank-to-bank transfers. His team at Renteez is launching an easy-to-use rent payment platform and adding the ability to pay with cryptocurrency and for tenants to stake their rent payments and earn returns.

Denny Bohs’ degree in marketing and economics landed him a job at an accounting firm that rates mutual funds. The repetitive nature of the work exhausted him. He received a job offer at a small startup with only two clients and was invigorated by the variety of work and the passion of the team that built this company. When he discovered project management, he realized he could make a difference and said, “THIS IS IT, I’M DONE WITH THE STATUS QUO”, and dedicated himself to bring projects to life. With Renteez, he’s back on the cutting edge, creating a useful payment solution for landlords and creating a cryptocurrency that will enable seamless payment through the platform for those who choose to use it.

Denny explains:

  • From the ability to work remotely to the competitive housing market, more people than ever are renting across the country.
  • Small independent owners lack the software and support needed to effectively manage their investments. Some of the services that exist are not intuitive and people are frustrated.
  • The new generation of renters don’t even know how to write a check. They use CashApp and Venmo but not checks.
  • Many digital payment options add delays and include processing fees that eat away at profits.
  • There’s a pent-up demand for landlords to have a better way to accept payments.
  • Renteez creates a solution that allows people to pay the way they want rather than forcing them into an old model.
  • Due to the size of many rent payments, it doesn’t make sense to store them in the cloud in a holding account like PayPal, CashApp, or Venmo, where you need to retrieve the payment from the system. Instead, Renteez will use a simple bank-to-bank transfer.
  • The crypto option arose when the Renteez team realized that there was an enthusiastic and growing demand for cryptocurrency coins and payment methods. However, until now, no platform made it easy to pay rents using cryptocurrency.
  • Renteez Coin, the new crypto coin from Renteez, adds the ability for tenants to turn their monthly rent payment into an investment opportunity. Naturally, we only launch the option to the extent that we can create enough stability that anyone betting on paying their rent to earn interest has some certainty that the money will be there when they need it. .
  • If a tenant wanted to pay with cryptocurrency without the Renteez platform, it would require a wallet-to-wallet transfer and a crypto-savvy landlord willing to receive them in payment. Instead, with Renteez, everything happens seamlessly within the platform.

Disruption Interruption is the podcast where you’ll hear from the biggest disruptors in the industry today. Find out what motivated them to make changes and how they overcame opposition to adoption.

Interrupt Interrupt can be listened to via the Podbean App and is available on the Apple App Store and Google Play.

About Interrupt Interrupt:

Disruptions are happening on an unprecedented scale, affecting all sorts of industries – MedTech, Finance, IT, eCommerce, shipping and logistics, and more – and COVID has shifted their timelines by a full decade or more. But WHO are these troublemakers, and when did they say, “THIS IS IT! I GOT IT!”? Time to Disrupt and Interrupt with host Karla Jo “KJ” Helms, veteran communications disruptor. KJ interviews bad a**es who are disrupting their industries and changing economic networks become obsolete with an establishment resistant to progress. It delves into uncovering the secrets of industry rebels and silent revolutionaries who are discovering common – and not-so-common – traits that are changing our economic markets…and our lives. Visit the major pioneers of the world who persist towards success despite the arrows in the back to http://www.disruptionrupture.com.

About Karla Jo Helms:

Karla Jo Helms is the Chief Evangelist and Anti-PR(TM) Strategist for JOTO PR Disruptors(TM).

Karla Jo has learned first-hand how ruthless business can be when millions of dollars are at stake – and how scrutiny of public opinion often determines whether one company is happily chosen or another abruptly rejected. As an alumnus of crisis management, Karla Jo has worked with litigators, private investigators and the media to help restore goodwill companies back into the good graces of public opinion – Karla Jo works on the ethic of doing it right the first time, not counting on a second chance and doing what it takes to excel. Helms speaks globally about PR, how the PR industry itself has gone astray, and how, in the right hands, companies can harness the power of anti-PR to boost markets and have an impact on market perception.

About Denny Bohs:

Denny Bohs is a product and project manager with extensive experience in business analysis, change management and problem solving. He is passionate about quality and customer satisfaction and has a history of improving efficiency, productivity and profitability through automation and process improvement. He is recognized for his exceptional interpersonal, motivational and presentation skills. He brings his experience of Agile methodologies, writing user stories and use cases, identifying personas and gathering requirements, and surveying the market. He is a results-oriented leader with comprehensive business and technical experience. https://www.linkedin.com/in/dennybohs/

References:

1) Graham, Adam. “Expert Analysis of Huge Growth in Homes to Build in 2022.” To fix. July 14, 2022. fixr.com/resources/build-to-rent.

2) Joint Center for Housing Studies at Harvard University. “American Rental Housing 2022.” 2022, jchs.harvard.edu/sites/default/files/reports/files/HarvardJCHSAmericasRentalHousing_2022.pdf.

3) Grand View Search. “Analysis Report of the Property Management Software Market Size, Share, and Trends by End-User (Housing Associations, Real Estate Investors), by Deployment (On-Premise, Cloud), by Application and Segment Forecast, 2022-2030.” Accessed October 19, 2022. grandviewresearch.com/industry-analysis/property-management-software-market.

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