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Make your properties more competitive with amenities that help residents build credit.
Residents build credit with on-time rent payments, and you get a boost to your bottom line.
Seventy percent of residents are more likely to pay rent on time if their payments are being reported to the credit bureaus.
Thanks to Entrata’s workflows and integrations, your onsite teams don’t have to manage the service. Residents can self-serve.
Guarantors love it because it helps their applicant build credit without having to open up a credit card account.
Rent Reporting provides you with ancillary revenue while making your properties more attractive to leads and residents.
When it comes time for residents to buy a house or car, they’ll want financial flexibility. Rent Reporting lets their rent payments do more than put a roof over their heads—it gets them ready for their next big financial steps.
Entrata's Rent Reporting service offers a compelling advantage for both property managers and residents. By automatically reporting on-time rent payments to credit bureaus, it empowers residents to build their credit history while providing property managers with a valuable tool to incentivize timely rent payments. This translates to improved cash flow, reduced late fees, and increased resident satisfaction.
The beauty of this service lies in its seamless integration and minimal impact on onsite teams. Residents can easily self-manage their participation, freeing up property staff to focus on other critical tasks. Furthermore, Rent Reporting acts as an attractive amenity, particularly for student properties where guarantors appreciate the opportunity for applicants to build credit responsibly.
Ultimately, Entrata's Rent Reporting is a win-win solution. It fosters a sense of financial responsibility among residents while providing property managers with an ancillary revenue stream and a competitive edge in the market. By promoting positive financial habits and enhancing property appeal, Rent Reporting contributes to a stronger and more stable rental community.
Save time and manage your properties with flexibility. Join thousands of other operators.
