CredHub was recently named one of Best Startup’s Best Residential Companies in Washington. Click here to see the list.
The combination of rental credit reporting and debt collection services provide a powerful way for Property Managers to lower payment delinquency.
SPOKANE, Wash., Aug. 16, 2022 /PRNewswire/ — Columbia Debt Recovery (dba Genesis) and CredHub announce collaboration to increase ease of access for the nations’ Multi-Family Providers when it comes to submitting tenant payments, or missed payments to the credit bureaus, and if necessary, directly to collections.
Genesis and CredHub are combining their credit reporting and debt collection services to help Property Managers and Landlords reduce payment delinquency and outstanding receivables when they need it most. The two best-of-breed service providers now provide a full service “pre” and “post” collections option for the industry.
Increasing on-time rent payments is the single biggest reason that property owners and managers are interested in resident credit reporting. Credit reporting creates an incentive for residents to pay rent on-time. And the results prove that this incentive system works. CredHub’s clients see an average of 50% reduction in delinquency once fully implemented.
If your efforts fail to bring the tenant current and they leave your community with an unpaid balance, Columbia Debt Recovery (dba Genesis) will handle the attempted recovery. Genesis is one of the most trusted Multi-Family Industry partners handling the collections of nearly 10% of the unpaid Doors in the Nation.
The nation’s largest providers have depended on Genesis to navigate the complex and diverse compliance landscape created by the unprecedented regulatory changes in connection with Covid -19. Genesis not only works to resolve unpaid balances, but also serves as a trusted compliance consultant to the multifamily industry.
The landscape of multifamily is changing in ways that can challenge the very best of our established practices and management models. The combination of tenant credit reporting and debt recovery represents an innovation needed to meet the challenges that our new normal presents. To learn more visit https://credhub.com/genesis.
The combination of tenant screening and rental credit reporting services provide a powerful way for Property Managers to rent to quality residents and ensure timely payments.
SPOKANE, Wash., Aug. 9, 2022 /PRNewswire/ — ACUTRAQ and CredHub are combining their tenant screening and credit reporting services to help Property Managers and Landlords improve quality of tenants and reduce payment delinquency when they need it most. The two best-of-breed service providers now provide a full service “pre” and “post” move-in NOI improvement option for the industry.
Tens of thousands of operators rely on ACUTRAQ to ensure the most qualified applicants occupy your rental property. ACUTRAQ has improved thousands of businesses and property management companies by providing accurate, easy to read background screening reports for almost 25 years. Their proven methods are here to help you make the right decision.
Once you have screened and rented your property to qualified tenants, CredHub helps keep them that way by providing payment priority with credit reporting to all three major credit bureaus.
Increasing on-time rent payments is the single biggest reason that property owners and managers are interested in resident credit reporting. Credit reporting creates an incentive for residents to pay rent on-time. And the results prove that this incentive system works. CredHub’s clients see an average of 50% reduction in delinquency once fully implemented.
The nation’s most innovative providers have turned to CredHub for complete credit reporting, both paid and unpaid balances. They depend on CredHub to navigate the complex and diverse compliance landscape, reward quality tenants who pay on time, and provide leverage to collect from those who don’t.
ACUTRAQ and CredHub provide an innovative, full-service solution for new challenges in multifamily payment performance and profitability. To learn more visit https://credhub.com/acutraq/.
CredHub CEO Steve Jarvis sits down with Patrick Antrim, CEO of Multifamily Leadership and Chairman of Multifamily Innovation Advisory Council. The topic: how CredHub is helping property managers and owners across the country collect more rent each month, increase recurring revenue and get back hours of time.
The interview dives into Steve’s long history as a technology innovator, first in the travel industry and now in multifamily real estate. Steve then talks about how the lessons learned along the way have helped him create a more effective and user friendly experience for CredHub customers.
Other topics they cover include:
How reporting monthly payments to credit bureaus can reduce rent delinquency by 50% or more
Why the 10% of “credit invisible” US adults can benefit even more from this (30% among low-income adults)
How to increase rent’s priority among all of the resident’s monthly payments
What Steve has learned and transferred from his successes in the travel industry
Why you need to focus on the 90% of the customer base, not the remaining 10%
How to keep the pressure off of operators who feel like they don’t have the time to report to credit bureaus
Why investors AND potential customers want access to credit reporting
Where credit reporting is going in regards to selecting prospective renters
Click here to watch the full interview.
The more residents you have, the more money you make with CredHub. It’s that simple. How much more will you make? Check out our handy online calculator to get an instant estimate. It takes less than 30 seconds to fill out. Most people are shocked to see how much money they’re leaving on the table by not signing up for CredHub.
National property management trainer Robert Locke interviews real estate litigator and NARPM Atlanta Chapter general counsel Monica Gilroy about the value of CredHub for property managers. “CredHub has really cracked the code for this”. – Monica Gilroy
CredHub Lowers Delinquent Rent Payments For Property Managers, While Helping Renters Build Their Credit Scores – SuperbCrew Business & Technology.
Prepare For Economic Downturn With Resident Credit Reporting – Kirkland Capital Group.