Rentec Direct, Grants Pass, Oregon: Nathan Miller, Founder & CEO

Company: Rentec Direct, Grants Pass, OR
Company Description: Rentec Direct is an award-winning property management software company providing a comprehensive management solution for real estate professionals. Since its founding in 2009, the company’s cloud-based software platform has evolved to meet the demands of the changing marketplace, serving more than 25,000 property managers and landlords managing more than 750,000 units across the country.
Nomination Category: Entrepreneur Categories
Nomination Sub Category: Best Entrepreneur - Real Estate
2023 Stevie Winner Nomination Title: Nathan Miller
  1. Which will you submit for this nomination, an essay of up to 650 words about the achievements of the nominated entrepreneur since January 1 2021, OR a video of up to five (5) minutes about the same? CHOOSE ONE:
    An essay of up to 650 words
  2. If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video:

     

  3. If you are providing an essay of up to 650 words, place it in this space:

    Total 650 words used.

    Nathan Miller is proof that you don’t have to take a traditional path to have a successful career or start your own business. He never worked his way up the corporate ladder or earned an MBA to become a CEO — in fact, he didn't go to college. As a self-taught computer programmer, learning on the job and programming in his free time, his hobby quickly turned into the lucrative business venture, Rentec Direct, a property management software company that helps investors, landlords and property managers efficiently manage rental properties and tenants. Software features include automated rent collection, a mobile app, tenant and owner portals, the industry’s largest vacancy listing network, renters insurance, full-suite accounting features and more.

    Nathan initially founded Rentec to solve a problem that was close to home. As a rental property investor, he found the manual process of rental management full of inefficiencies such as stacks of receipts and a proliferation of spreadsheets. Nathan spent hundreds of early mornings before his full-time day job coding the very first version of Rentec Direct, which was released in 2007. More than 15 years later, his passion project has grown into the third largest property management software solution in its sector, with more than 400,000 active users nationwide.

    Over the years, Nathan invested his own time and money to build Rentec, making Rentec 100% organically grown and completely debt-free. This growth led to recognition on the prestigious Inc. 5000 List of America’s Fastest-Growing Private Companies for the sixth consecutive year with a three year growth revenue of 152%. Rentec has maintained over 25% year-over-year growth rate, while competitors in the industry are averaging 20% year-over-year growth. 

    From the beginning, he focused on client experience, first and foremost, which is now one of the company’s key competitive advantages. In 2022, Rentec received a Gold Medal from the Best in Biz Awards for Most Customer Friendly Company and a Gold Medal from the Stevie Awards for Customer Service Department of the Year.

    The company focuses on small to midsize property managers, a market segment often abandoned by other vendors in the space. Nathan continues to work as a software developer at his company, spending the majority of his time coding new features, testing the software, and engaging with his clients for direct consumer feedback. Nathan’s recent accomplishments include:

    • Completed the acquisition of TrueRent, a full-service property management software system, migrating users to the Rentec platform while integrating complementary TrueRent product offerings for all clients.
    • Launched a remodeled tenant portal within the Rentec Platform to facilitate stronger client-tenant relationships. 
    • Authored 25+ articles in publications like Forbes, Entrepreneur, Bigger Pockets, and Geek Estate.
    • Granted eight scholarships to computer science undergraduates through the Rentec Direct Tech Mastery Scholarship program, which Nathan founded in 2016. 
    • Added software innovations including enhanced security features to client accounts to prevent fraud and phishing attempts, as well as time-saving banking, invoicing and reporting tools to help users comply with the most current industry regulations. 
    • Led integrations and partnerships with other industry software leaders to improve customer experience and streamline processes.
    • Maintained a high employee retention rate with over 50% of staff celebrating 5+ years with the company, compared to the industry’s average tenure of 3.7 years, in part through his creation of a robust employee engagement program (source: bls.gov).

    Nathan is a lifelong resident of Southern Oregon and passionate about community development. He is committed to making his community a better place by providing stable jobs and has partnered with Southern Oregon Regional Economic Development Inc., a non-profit organization dedicated to increasing the long-term prosperity of Southern Oregon. Nathan also serves on the Board of Directors for the Grants Pass & Josephine County Chamber of Commerce and on the Historic Building and Sites Commission. Nathan recently completed a multifamily workforce housing development in Grant Pass to assist with the growing housing availability crisis in the area

  4. In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this nominated entrepreneur since the beginning of 2021.

    Total 144 words used.

    • Experienced 25% year-over-year growth compared to industry competitors with an average of 20% year-over-year growth. 
    • Recognized on the Inc. 5000 list of America’s Fastest-Growing Private Companies for the sixth consecutive year.
    • Current Board Member of the Grants Pass Chamber of Commerce and the Historic Building and Sites Commission for the City of Grants Pass.
    • Launched a new onboarding program featuring personalized training to help new clients.
    • Released a redesigned version of the Rentec software to improve user experience.
    • Led integrations and industry partnerships with: Rhino security deposit insurance; Steadily, which offers streamlined, affordable landlord insurance to clients; and others.
    • Launched an integration with RentReporters, allowing renters to improve their credit score with automated on-time rent payment reporting to the top credit bureaus. 
    • Personal sponsorship and participation in community service projects that support housing, mental health, veteran affairs, medical research, youth advocacy, and economic development. 
Attachments/Videos/Links:
Nathan Miller
URL Rentec Direct - Company website
URL Rentec Direct Reviews
URL Rentec Direct Awards
Video Meet the landlord who created Rentec Direct property management software
Video What is Rentec Direct property management software?
URL Rentec Direct Helps Renters improve Credit Score - RELEASE
URL Nathan Miller - Articles for Forbes
URL Nathan Miller - Articles for Entreprenuer.com
URL Nathan Miller Featured in Authority Magazine
URL Rentec Direct "Launch" - SOREDI Video Series
URL Rentec Direct Celebrates Significant Milestones and 13 Years Advancing the Property Management Industy
URL Nathan Miller Joins Grants Pass & Josephine County Board of Directors - RELEASE