Moving more people in with the ability to deliver rent reliably without crippling them financially is the name of the game.
Boston, MA (PRWEB) September 30, 2016
NPS Rent Assurance, the leader in Rent From Payroll for the rental housing industry, today announced initial results of the company’s Lead-2-Lease Initiative launched in Q1 2016 with select property clients across the U.S. to increase access to affordable housing for Middle Class Americans. Employing a consultative one-on-one approach with prospective residents who due to credit would typically be charged security deposits of 1-1.5 months of rent in order to qualify for a lease, early results of the NPS initiative show increased move-in rates of 58 percent in the conditional leasing category. This strong initial result is important for property companies in providing leasing options that address the financial needs of today’s renters.
“Moving more people in with the ability to deliver rent reliably without crippling them financially is the name of the game,” said Richard A. Levitan, president of Neighborhood Pay Services, parent company to NPS Rent Assurance. “We’ve found that the outreach our trained staff conducts with rental prospects increases awareness of cost savings as a incentive to go to lease signing faster – versus looking elsewhere – while also demonstrating to a prospect the all important point that their business is valued.”
About NPS Rent Assurance
NPS Rent Assurance provides a significantly lower cost option for millions of credit challenged consumers to gain access to professionally managed rental housing without draining already fragile personal savings, while also ensuring on-time rent delivery after move-in. The NPS platform works exclusively through the NACAH ACH Network with direct deposit form employers and special income sources. Enrollment in the NPS program is offered by leasing professionals to consumers whose credit is below qualifying standards in lieu of additional security deposits that average $500 - $1500 and/or the need to secure guarantors. The automated NPS payment assurance platform creates stability for both the NPS customer and their landlord, resulting in retention that is twice the industry average with a >75 percent decrease in early lease terminations. NPS reporting to a national credit bureau helps consumers build or improve credit scores as another means to better function in the financial mainstream.