RESident Retention, MeaninGful Value
Rent Reporting Services for Everyone
We put the ‘S’ in ESG or Environmental, Social, and Governance initiatives. RentPlus provides a distinctive credit-building solution for renters. Renters can effortlessly establish and enhance their credit by making timely rental and utility payments. Importantly, our approach eliminates the need for credit checks or loans, making it a standout amenity for property management companies (PMCs) aiming for resident retention.
Multifamily Credit Building Programs for the Win-Win-Win
RentPlus is a unique “win-win-win” social initiative with various features, such as credit-building accounts with FinStrong, RentPlus Money tools for residents, and a free credit score tracker (coming soon). But that’s not all! On the PMC side, RentPlus ensures a greater tenant retention rate, minimized delinquent rent payments for communities, and provides additional revenue options.
What value will RentPlus® bring for your community?
RentPlus®, a credit-building program for multifamily properties, has been transformative for communities that provide this rent reporting service. We would like to demonstrate how your residents can develop financial independence by paying their monthly rent and utility bills. Leave your information below!
Why rent reporting matters?
For Residents
Elevate your resident support with RentPlus. In light of recent financial challenges impacting underserved communities, RentPlus stands as a beacon of hope. We offer the option to retroactively account for up to 24 months of consistent, paid utility bills, enabling your residents to boost their credit scores quickly. And there’s more! RentPlus operates with minimum prerequisites, credit checks, or loans. Experience the synergy of rent reporting, the FinStrong financial education platform, and RentPlus Money for effective budgeting and expenditure. A true WIN for residents!
For Communities
The RentPlus program is creating a buzz among residents! With our platform, the dream of rental credit reporting becomes a reality. Rental payments are now reported to all three major credit bureaus – Equifax, TransUnion, and Experian. This initiative empowers community leasing agents and local managers to assist their residents in achieving financial success. By encouraging punctual rental payments, they’re positively transforming their residents’ lives. A WIN for communities!
For Property Management Companies
RentPlus revolutionizes the landscape for property management companies (PMCs) aiming to expand their revenue avenues, especially in these unpredictable times. The prospect of an annual income reaching up to $10K MRR is astonishing! Explore our revenue calculator to gauge your potential earnings. A WIN for PMCs!
We Put the ‘S’ in ESG –
Witness the profound impact of RentPlus. Our socially responsible initiative caters to socially aware investors and aligns seamlessly with the prevailing ESG trend in CRE. Beyond that, RentPlus offers enduring value to residents, enabling them to qualify for loans, all thanks to consistent rent payments. We also furnish financial tools to guide residents toward a prosperous financial future.
The Best Secured Credit Card –
The RentPlus debit and secured credit cards are now here! In collaboration with QuextPay, we offer residents comprehensive banking services and additional avenues for credit-building. Additionally, with FastPay, residents can get early access to paychecks, savings tools, and more! Dive deeper into the RentPlus card program and register for this exciting opportunity.
RentPlus FAQ
RentPlus is a pioneering credit-building program for renters. It empowers them to fortify their credit through punctual rental and utility payments without the constraints of credit checks or loans. The program encompasses features like credit-building accounts with FinStrong, RentPlus Money tools for residents, and an upcoming free credit score tracker.
RentPlus augments communities and property management companies by bolstering tenant retention, reducing overdue rent payments and unveiling new revenue prospects. With RentPlus, rental credit reporting is now tangible, as payments are relayed to all three credit bureaus. It’s a transformative tool for PMCs seeking diversified revenue sources.
RentPlus champions residents in their quest for financial autonomy by ensuring they pay their monthly dues on time. The program also allows for a 24-month retroactive credit for consistent utility bill payments, facilitating a swift credit score boost. Integrating rent reporting with the FinStrong educational platform and RentPlus Money creates a potent financial toolkit for residents.
RentPlus embodies the ‘S’ in ESG, representing a socially responsible venture that resonates with conscious investors. It’s in perfect harmony with the ESG trend in CRE. RentPlus imparts lasting value to residents, aiding them in loan qualifications due to regular rent payments and equips them with financial tools for a brighter financial horizon.
An Amenity that Sets You Apart
Marketing
- RentPlus is a true differentiator and community selling point
- Offers a unique amenity to stand apart from your competitors
Build Revenue While Making a Difference
Leasing
- Encourages credit-conscious renters
- Reduces delinquent payments
- Provides ancillary revenue to the property management company
Leave a Lasting Positive Impact
Retention
- Helps residents build and maintain credit
- Automatically categorizes purchases to set and view a budget, and track savings goals
- Includes a personalized financial education program
- Drives financially responsible behaviors with text alerts and credit tips
- Can help residents qualify for major purchases like buying a car, paying for college, etc.
- Includes fraud protection policy (up to $1 million coverage)
Start your Journey with Rent Dynamics
Schedule a demo with one of our product experts today.
Start Improving Your Credit Score Today
Learn more about how rental payment reporting can help you achieve your financial goals.