Credit Builder reports a resident’s on-time rent payments to the three major credit bureaus. With Credit Builder’s credit reporting, industry leading money management tools, and free credit counseling, residents can improve their credit scores.
With no out-of-pocket expense for the property, the Credit Builder program is a zero-cost amenity that will ensure you attract and retain residents while adding additional revenue stream.
Credit Builder both benefits your residents while also offering significant benefits at the property level:
The potential revenue generated by Credit Builder offsets the cost of your property management software, making it that much easier to make the switch to ResMan.
At the property level, the Credit Builder boardroom module provides property specific metrics and tools to increase enrollment. Enhance your property with:
Track subscriptions to Credit Builder at the portfolio level and access net YTD and monthly revenue numbers through ResMan’s Revenues Module.
View performance metrics, compare your property to the top performing property in the portfolio, and improve adoption directly from the dashboard.
Enable prospects and residents to self-enroll in Credit Builder via the online application or the resident portal.
Credit Builder not only improves credit scores, it also offers a variety of money management tools that empower your prospects and residents to take control of their financial future.
Credit Builder reports online rent payments to all three major credit bureaus so that a resident leverages their largest monthly expense to start building better credit.
Residents have access to programs and live webinars that teach them how to manage their money and build their credit.
Residents receive text reminders of due dates and account balances, as well as quarterly newsletters filled with industry news and credit tips.
“We benefit from the increased revenue created by Credit Builder, and because we are the only property in our area offering this amenity, we capture more leases.”
— Jennifer Miller, Manager | Area Leader
Broadmoor Village Apartments