Boston, MA (PRWEB) December 12, 2013
Neighborhood Pay Services (NPS) today announced that David O. Barrett, president and chief executive officer of the Gene B. Glick Company, a leading property management and development company with apartments in 10 states, has agreed to serve on the NPS Advisory Board to help the company expand market penetration for NPS Rent Assurance, the only payroll direct deposit platform for rent, which is currently utilized at Glick communities across the Midwest. Barrett’s combined skills as a an attorney and investor, and chief executive of a leading 20,000 unit multifamily firm, deepens the industry knowledge of the NPS Advisory Board, which currently includes other recognized leaders in multifamily and financial services as well as IT and data systems, investment banking, legal services and sales.
“David brings a deep understanding of our business and the value our Rent Assurance platform brings to both renters and the communities where they want to live,” notes Richard A. Levitan, president of Neighborhood Pay Services. “On a daily basis, his company is presented with the challenge of helping hard working individuals secure rental housing at a price they can afford while operating in a manner that enables the company to protect and predict cash flow and improve NOI. Glick’s experience with the NPS Rent Assurance platform has helped the company address key business drivers – economic occupancy and predictability of on time rent payments as well as their social commitment to help the customers they serve. We’re excited to have David join our advisory board and contribute his experience and expertise to help establish NPS Rent Assurance as an industry standard solution.”
About NPS Rent Assurance
NPS Rent Assurance is the only payroll direct deposit platform providing the multifamily industry with a proven solution for building incremental occupancy with improved payment performance from conditionally approved residents. The company's simple, ‘hands-off’ program receives payroll direct deposits from a resident's employer each pay period with built-in safeguards against 'pull back' before rent is due. NPS Rent Assurance is offered exclusively through apartment leasing offices as a key component of conditional lease offers as well as a mechanism to automate work-out plans for existing residents who fall behind in their lease obligations.
About Gene B. Glick Company
Founded in Indianapolis in 1947, the Gene B. Glick Company is a property management and development company with over 20,000 apartment units in 10 states. The company, a recognized leader in the apartment industry, is one of the largest privately held multifamily owners in the United States.