Innago is a property management software designed for landlords and property managers. The company primarily generates revenue through a subscription-based model, offering various pricing tiers based on the features and services included. Here are some key ways Innago makes money:
1. Subscription Fees: Innago charges users a monthly or annual fee for access to its platform. This fee varies depending on the number of units managed and the specific features selected.
2. Premium Features: While Innago offers a free tier for smaller landlords, it also provides premium features that come with additional costs. These might include advanced reporting tools, enhanced tenant screening options, and integrations with other software or services.
3. Transaction Fees: Innago may earn money through transaction fees associated with online rent payments processed through its platform. This includes credit card and ACH transactions where a small percentage or flat fee may be charged.
4. Add-On Services: The platform may offer additional services such as tenant insurance, maintenance management, or other third-party integrations, which can generate extra revenue.
5. Partnerships and Affiliates: Innago could collaborate with other companies in the real estate and property management space, earning income through referral programs or partnerships.
These revenue streams allow Innago to provide a robust property management solution while catering to different types of landlords and property managers.
