All the multifamily news you need
If the multifamily industry can implement effective rent reporting programs on its own, the chances increase that the sector can govern itself and not have outside interference from regulatory bodies. What’s certain is rent reporting isn’t a passing trend. It’s here to stay, and operators that offer it…
The Circa rent app helps properties put their best foot forward to residents with payment automation and flexible rent installments. Circa also reports on-time payments to the major US credit bureaus to help residents build stronger financial track records and higher credit scores.
Modern consumer expectations have greatly evolved over the last decade – especially when it comes to shopping and buying. For instance, if consumers make a substantial online purchase, chances are they have the option to pay in increments rather than in-full, using platforms such as Affirm or Afterpay.
A strong, positive credit history is essential to securing car loans, credit cards and mortgages – and to doing so at favorable interest rates. Unfortunately, unlike homeowners, apartment residents traditionally have not gotten credit on their credit reports for making their rent payments on time and in full.