Progress Residential
- Company typePrivate
- Founded2012
- HeadquartersScottsdale, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
Progress Residential firmographics
Firmographics- Name
- Progress Residential
- Legal name
- Progress Residential, LLC
- Website
- https://rentprogress.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Progress Residential industry classification
Industry- Product category
- Single-Family Rental Housing
- NAICS
- Residential Property Managers (531311), Rental and Leasing Services (532)
- SIC
- Services-To Dwellings & Other Buildings (7340), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Vacation & Short-Term Rental Management (BPAJAFAI)
Keywords
Where Progress Residential is headquartered
LocationHeadquarters
- HQ city
- Scottsdale
- HQ country
- United States
- HQ region
- North America
Offices26 records
Markets served
Progress Residential business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Single-Family Rental Income: Primary revenue stream from monthly rental payments for single-family homes. Rent is due on the 1st of each month with a 3-day grace period before late fees apply. Security deposits (1-1.5x monthly rent) are collected at move-in and refunded (less deductions) at move-out. Additional revenue from pet rent, utility management fees, smart home technology fees, pool maintenance, and HOA amenity fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard Single-Family Rental Home |
| Subscription | One time | Coming Soon Homes |
| Subscription | One time | Lease Administration |
| Subscription | Monthly | Pet Rent |
| Subscription | Monthly | Smart Home Technology |
| Subscription | Monthly | Solar Technology |
| Subscription | Monthly | Pool Maintenance |
| Subscription | Monthly | Landscaping Maintenance |
| Subscription | Monthly | Septic System Maintenance |
| Subscription | Monthly | Utility Management |
| Other | Monthly | Late Fees |
| Subscription | Monthly | Renter's Insurance |
| Other | Monthly | HOA Violation Admin Fee |
| Other | One time | Early Termination |
| Subscription | Monthly | Short-Term Lease Premium |
| Subscription | Monthly | Month-to-Month Premium |
| Other | One time | Home-to-Home Transfer |
| Other | One time | Trip Fee |
| Other | Per transaction | Credit/Debit Card Processing |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Progress Residential product offering
Product offeringCore offering
Progress Residential owns, leases, and professionally manages thousands of single-family rental homes across 30+ US metro areas, serving individual tenants and families with month-to-month and term leases. Residents access leasing, payments, maintenance requests, and account management through the RentCafe-powered web portal and mobile app, with optional add-on services including smart-home technology, solar panels, pool and landscaping maintenance, utility consolidation, and free Positive Rent Reporting for credit building.
Product overview
Progress Residential is a single-family rental home provider operating in 30+ metro areas across the US. The core offering consists of single-family homes for rent, managed through the RentCafe resident portal. The platform includes multiple integrated services: tenant screening via SafeRent and Payscore, rent payment via multiple channels (online, text, phone, ACH, CHECKscan, WIPS), utility management through Conservice or Yardi Energy Solutions, and optional add-ons including Positive Rent Reporting (credit-building with Stake), smart home technology, solar panels, pool maintenance, and landscaping services. Self-showing technology via Rently enables independent property tours.
Differentiator
Problem solved
Functional benefit
Products and services
- Single-Family Rental Homes Professionally managed single-family rental homes across 30+ US metro areas for individuals and families, with options including smart-home technology, solar panels, pool, landscaping, and HOA community amenities.
- RentCafe Resident Portal and Mobile App
Quantifiable outcome
- Residents who participated in Positive Rent Reporting saw an average credit score increase of 49 points by end of lease (as of end of 2025)
- +2 more outcomes
Companies that use Progress Residential
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Progress Residential technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Progress Residential partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- StakecoreCredit-building service partner for Progress Residential's Positive Rent Reporting program. Reports on-time rent payments to all three major credit bureaus. Residents are automatically enrolled at no cost. Stake has helped over 14,000 Progress residents establish first-time credit.
- RentlycoreSmart-home access provider enabling self-showing technology. Allows prospective tenants to tour homes independently between 7am-8pm via electronic lockbox with real-time identity verification through Rently's platform.
- ConservicemajorUtility management company that consolidates water, sewer, trash, and gas utility charges into one monthly bill through RentCafe. Includes $30 one-time setup fee and $9.99/month service fee. Handles trash bin management and utility billing questions for most Progress residents.
- Yardi Energy Solutions (YES)majorUtility management provider transitioning for Indiana residents beginning 3/16/2026. Consolidates water, sewer, trash, and gas utility charges. Residents pay through RentCafe with charges posting as received rather than monthly.
- SafeRentmajorRental property solutions platform used for applicant screening. Establishes rental scores based on credit reports, application data, and previous rental history. Part of the standard application qualification process.
- PayscoremajorSecure automated income verification service that verifies and reports income to Progress Residential by securely aggregating deposit history from applicants' bank accounts. All adult applicants must complete income verification within 48 hours of receiving the invitation.
- RentCafe (Yardi Systems)coreProperty management and resident portal platform powering the Progress Residential website, online lease signing, payment processing, service request submission, and account management. Supports both web and mobile access.
- Appliance WarehouseminorWasher and dryer rental service available to Progress residents. Residents experiencing issues with rented appliances contact Appliance Warehouse directly at 800-693-4343.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Progress Residential competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Progress Residential social profiles
Digital presenceProgress Residential compliance and trust
Trust signalCompliance2 records
Progress Residential financial estimates
Financial estimateRevenue estimate
Valuation estimate
Progress Residential leadership team
Management profileNumber of profiles
Profiles5 records
Progress Residential subsidiaries and ownership
Company hierarchySubsidiaries7 records
Progress Residential funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Progress Residential M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Progress Residential
What does Progress Residential do?
Progress Residential owns, leases, and professionally manages thousands of single-family rental homes across 30+ US metro areas, serving individual tenants and families with month-to-month and term leases. Residents access leasing, payments, maintenance requests, and account management through the RentCafe-powered web portal and mobile app, with optional add-on services including smart-home technology, solar panels, pool and landscaping maintenance, utility consolidation, and free Positive Rent Reporting for credit building.
Is Progress Residential a public or private company?
Progress Residential is a private company. It is classified as private equity controlled and is currently operating.
When was Progress Residential founded?
Progress Residential was founded in 2012. It employs 1,001 to 5,000 people.
Where is Progress Residential based?
Progress Residential is headquartered in Scottsdale, United States, in the North America region.
How does Progress Residential make money?
One revenue line is on record: single-Family Rental Income.
Does Progress Residential have an API?
No public API is recorded for Progress Residential.
What industry is Progress Residential in?
Progress Residential's product category is Single-Family Rental Housing. Its primary akta.pro industry code is BPAJAFAI, Vacation & Short-Term Rental Management. Its NAICS code is 531311 and its SIC code is 7340.