A win-win for you and your residents
For properties that work with Zego Pay, residents may choose to have rent-related payments applied to their credit history, empowering them to improve their credit and enabling managers to differentiate their property. Zego Credit Reporting shares a resident’s rent-related payments with Experian RentBureau® and TransUnion®, which are used by various types of credit-granting institutions such as banks, auto finance companies and telecommunications providers. Only positive, on-time rental payment data is submitted. This is an important distinction, as it’s a powerful incentive and draw for responsible, reliable tenants. Zego Credit Reporting is a win-win for residents and property managers, and is available as a free service.
Why residents love it
Residents can build their credit history and potentially improve their credit score without taking on additional debt
Having a positive credit history and a high credit score has many benefits including the opportunity to get loans with lower interest rates, higher chances of getting approved for a car or home loan, and an easier time in getting rental housing
Why property managers love it
Credit Reporting is a differentiating feature for a property and attracts responsible residents
Cash flow is improved thanks to the on-time payment incentive for residents
Staff saves time when more residents pay online to take advantage of credit reporting
Is smart apartment technology missing from your multifamily utility management strategy?
Enhance your multifamily utility management with smart apartment technology to lower utility usage and costs and improve vacant unit expense…