Last fall, California signed Senate Bill (SB) 1157 into effect, giving residents in subsidized housing a whole new credit-building opportunity by having their rent payments reported to major credit bureaus. The bill is in effect starting July 1st 2021, and will have a huge positive impact by helping many of the over 45% of California […]
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What is ESG? You’ve probably heard ESG come up in conversations recently. If you are a multifamily owner, operator, investor, or a part of a multifamily corporate leadership team, ESG compliance is (or should be) top of mind for you. Let’s break it down – ESG stands for Environmental, Social, and Governance, and is a
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The student population in off-campus housing is a huge opportunity in multifamily property management. According to a 2016 New York Times article, 87% of students live off campus. With such a large target market, it’s important to have the right offerings that provide meaningful value to them. College tuition is expensive, and many students (and
Value-Add Financial Amenity for College Students Read More »
Why Rent Plus? Horizon Realty Advisors turned to Rent Dynamics for an innovative way to add ancillary income while adding a differentiating service for their student residents with RentPlus. RentPlus combines reporting positive rent & utility payments with leading budgeting and financial education tools, as well as fraud protection. UC Denton originally started by inviting
Horizon + RentPlus: Building Credit Together Read More »
Buying a home, buying a car, cell phone payments, going to college, insurance rates, security deposits, renting an apartment… These are just a handful of real-life examples that are affected by our credit scores. Among other factors, credit scores are established and improved through regular, on-time payments and present credit usage (the amount of your
How Rental Payment Reporting Can Build Your Residents’ Credit Read More »
For many renters, improving your credit score is one of the top things on your mind. Luckily for CA residents, a new bill that was just signed by the senate, it’s a little easier. Senate Bill 1157, written by Steven Bradford (D – Gardena), requires that landlords who manage medium to large subsidized, multi-family housing
Multifamily Compliance in the Wake of New CA Legislation Read More »
