Leading Spanish property portal company idealista has announced its acquisition of rental management software company Rentger. Founded in Madrid in 2018, Rentger automates tasks and paperwork associated with renting and claims to cut admin tasks by 80% for the private and professional landlords and institutions it is marketed to. The company's software also allows for automated rent payments and billing, incident alerts and management with contractors and integrated contract management.
According to a release on idealista's site this morning, Rentger currently manages some 10,000 properties with 20,000 contracts signed, 100,000 rental payments collected and 250,000 resolved incidents.
Idealista's purchase of Rentger comes only months after the startup secured €120,000 in finding from existing investors SeedRocket and represents the fifth acquisition for idealista in the calendar year after buying out Catalan portal Yaencontre in February, before adding Italian agent software companies Gestim and Miogest in the summer and Italian property portal Casa.it in late September.