Turn Renters into Co-Owners. Cut Turnover by 50%.
Every vacant turnover costs landlords $3,850 on average in lost rent, make-ready repairs, and leasing fees. Rung equips your residents with fractional building equity and on-time credit reporting — extending average tenancy by 12 to 18+ months. Launch risk-free with 1 full year free across your portfolio.
The Ownership Advantage
1 Year Completely Free. Fresh Equity Liquidity. 50% Less Turnover.
Multifamily real estate operates on 12-month lease cycles. That’s why Rung offers a full 1-year zero-risk pilot at $0 so you can prove renewal retention across 100% of your rent roll before paying a single dime. While legacy tenant platforms bill owners $3 to $8 per unit each month from day one, Rung gives you 12 months free. Plus, you receive the cash proceeds when residents purchase shares in your building, cutting costly tenant turnover in half.
$0 Invoices for Year 1
Zero implementation fees, $0 per-door SaaS charges for your first 12 months, and zero upfront platform contracts. Experience full platform value completely free.
100% Direct Rent Flow
Residents pay rent through your existing portal as usual. Rung never touches, redirects, or clips fees from your lease payments.
You Receive the Share Cash
When residents buy micro-equity in your building, 100% of that purchase capital is paid directly to you (the property owner) for the non-voting carve-out (2%–5%). You unlock equity liquidity while keeping 100% operational control.
30x+ Proven ROI in Year 2
Preventing just 1–2 turnovers ($3,850 NAA savings each) covers your Year 2 SaaS subscription for an entire 100-unit property, generating an immediate 30x+ net ROI.
Where does $3,850 go every time a lease ends?
National Apartment Association (NAA) benchmarks reveal the severe drain of tenant churn on annual yield:
Vacancy Loss
Average 32 days of unoccupied door downtime between move-out and move-in.
Make-Ready & Repairs
Painting, dry-wall patching, carpet cleaning, lock re-keying, and deep sanitization.
Marketing & Commissions
Listing syndication, virtual tours, background screening, and leasing agent commissions.
Choose Your Plan: Under 100 Units vs. 100+ Units
Select the exact partnership tier engineered for your property scale — whether you operate a boutique building with fewer than 100 doors or manage an institutional portfolio of 100+ units. Both launch with 1 full year free.
Community Partner
Turnkey resident co-ownership and credit reporting engineered specifically for boutique buildings and mid-sized properties under 100 doors.
For properties with 1–99 doors · Reserve your 1-year free pilot
Enterprise Retention Platform
Full-scale PMS automation, predictive renewal AI, algorithmic concession replacement, and portfolio-wide NOI optimization.
For portfolios with 100+ doors · Tailored PMS integration & rollout
Feature & Capacity Breakdown: <100 Units vs. 100+ Units
Compare our boutique community tier with the institutional enterprise retention platform.
| Feature | 🏢 Under 100 Units Community Partner (1–99 Doors) | 🏛️ 100+ Units & Portfolios Enterprise Platform (100+ Doors) |
|---|---|---|
| Portfolio Door Count | 1 to 99 Units | 100 to 10,000+ Units |
| Year 1 Pilot Access | $0 (12-Month Free Pilot) | $0 (12-Month Free Pilot) |
| Onboarding & Setup | 15-Minute Consultation Call | 15-Minute Consultation Call |
| Target Property Type | Boutique, brownstones, fourplexes & mid-size | Institutional multifamily, PMCs, portfolios |
| Onboarding & Time-to-Live | 15-Min Fast Track (CSV / Direct Invite) | White-Glove PMS API Integration |
| Tenant Rent Collection | 100% Direct (Unchanged) | 100% Direct (Unchanged) |
| Micro-Equity Purchase Cash | 100% Paid to Owner | 100% Paid to Owner |
| Varapay Credit Bureau Reporting | ✓ Included | ✓ Included |
| 2-Way PMS Sync (Yardi, AppFolio, RealPage) | Manual CSV / Portal | ✓ Automated Live 2-Way Sync |
| Predictive Churn Radar (AI) | — | ✓ 60–90 Day Renewal Risk AI |
| Renewal Concession Replacement ($1,800 savings) | — | ✓ Automated Equity Bonus Engine |
| Early Lease-Break Clawback Protection | — | ✓ Unvested Equity Reverts to Owner |
| Marketing & On-Site Collateral | Print-Ready Digital PDF Posters | Physical Acrylic QR Lobby Stands |
| Support & Account Management | Standard Partner Support | Dedicated Partnerships Director |
Why We Offer 1 Full Year Free (Not Just 30 or 90 Days)
Multifamily real estate operates on 12-month lease cycles. In any given month, only ~8.3% of your units come up for renewal, and tenants must provide 60-day non-renewal notice. A 30-day or 90-day trial would be ineffective because most residents wouldn't even face a renewal decision during that brief window.
The Zero-Risk Performance Benchmark
We give you 12 full months free so 100% of your rent roll cycles through a renewal decision. If Rung doesn't increase your tenant renewal rate by at least 15 percentage points over your historical baseline, you owe nothing and can cancel at any time with zero penalty. When it proves its value, you've saved $90,000+ in turnover friction and Year 2 SaaS delivers a 30x+ ROI.
See your building's projected annual savings
Select a partnership tier and adjust the sliders to model your property's net return.
How it works for property owners
Rung is engineered for busy owners and asset managers. No mortgage refinancing, zero cap table headaches, and under 15 minutes of initial setup.
1. 15-Minute PMS Sync
Authenticate your AppFolio, Yardi, RealPage, or Buildium integration with read-only permissions. We ingest your rent roll and payment stream automatically.
2. Zero Mortgage Refinancing
Keep your existing low-rate senior loan intact. Choose between a 2%–5% Class B non-voting carve-out under standard lender transfer rules, or our fast-track contractual participation agreement.
3. Built-In Market Maker Liquidity
When tenants move out, you don't pay buyback fees. LandTrustX's Market Maker Fund facilitates tenant liquidity and automatically generates all Schedule K-1s.
Class B Non-Voting Carve-Out
Carve out 2% to 5% non-voting economic units into a LandTrustX series SPV. Sits well under standard 20% lender transfer safe harbors (Fannie Mae / Freddie Mac) with 0% dilution of operational control.
Profits Participation Agreement
A pure operational incentive contract entitling the tenant pool to net operating income distributions. Requires zero entity changes, zero deed updates, and zero lender review.
Schedule Your 15-Minute Consultation
Book a quick 15-minute consultation with our Real Estate Partnerships team to activate your 1-Year Free Pilot, review your property setup, and configure seamless onboarding.