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Property Management Business
19. Grow Revenue While Helping Residents Build Credit with CredHub
Jan 23, 2024
Special guest Steve Jarvis from CredHub discusses a program that reports tenants' rental payments to credit bureaus, boosting their credit scores and increasing property managers' collection rate. They also explore property management challenges, the importance of a collaborative relationship, and how comprehensive reporting can enhance tenant credit and reduce delinquency rates. Steve explains CredHub's mission and the impact of paying rent on time. Learn how to grow revenue while helping residents build credit with CredHub.
36:49
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Quick takeaways
- CredHub's program enables property managers to report tenants' rent payments to credit bureaus, improving credit scores and increasing collection rates.
- CredHub offers comprehensive reporting, including positive and negative reporting, reducing delinquency rates and motivating residents to settle outstanding balances.
Deep dives
Improve Tenant's Credit Score and Increase Collection Percentage
With Credhub's program and software, property managers can report tenants' online rent payments to credit bureaus. This not only helps improve the tenant's credit score but also increases the collection percentage for property managers, leading to a growth in income. The program offers a way for property managers to provide additional benefits to their tenants and contribute to their financial well-being.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode