VerticalRent is ceasing operations

It is with great regret that I inform you all that the management team of VerticalRent has decided to cease operations effective May 31st, 2020. This was not an easy decision to make. In the last 6 months, we have invested a tremendous amount of time and energy into countless improvements to our software product. Unfortunately, we have not seen the growth in revenue required to sustain operations through this difficult economic situation caused by COVID-19.

Since May of 2011, we have enjoyed watching our product grow and proliferate in the marketplace. Spawning from a very simple product designed to help independent landlords collect rent electronically, to an end-to-end platform with advanced tenant screening capabilities — it was our labor of love for nearly 10 years. We have received thousands of positive letters from our Landlords about how VerticalRent has helped reduce stress and streamline the process of managing their rental properties. Hearing that from our customers has been nothing short of amazing.

If you are on a yearly subscription plan with VerticalRent, we will provide you with a pro-rated refund of the balance of your subscription from May 31st, 2020 forward. You should expect these refunds within the next 2 weeks to your billing method on file. If you are a monthly subscriber to our platform, the automatic billing will cease on May 31st, 2020 at 9pm EST.

Please direct any questions you have to connect@verticalrent.com. Our team is happy to answer your questions about refunds or help direct you to a competing software solution that may fit your needs after VerticalRent’s official closing.
And, again, I want to thank you all from the bottom of my heart for the ride of a lifetime over the last decade! Personally, I would have never thought that VerticalRent would amass over 100,000 landlords and renters across all 50 States in America. It’s with a heavy heart that we close this operation, but have decided that it’s the best course of action given the global economic situation.
We wish you all the very best!
Matt Angerer and Jeff Pierce
Co-Founders / VerticalRent

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