“Our strategic partnership with RentTrack will open the doors for our customers to offer their residents a credit-building advantage,” said Chris Walton, vice president, payments product management, RealPage. “In doing so, RealPage customers will have a competitive advantage in the tight real estate
MINNEAPOLIS (PRWEB) April 02, 2020
RentTrack, a property technology data company focused on giving renters the credit they deserve for paying their rent, announces today a strategic partnership to offer rent reporting to renters across the U.S. in collaboration with RealPage, a leading global provider of software and data analytics to the real estate industry.
The new partnership seamlessly integrates RentTrack’s Rent Reporting solution with RealPage OneSite®, giving property managers the opportunity to offer a unique amenity to their residents, building their credit with rental payments.
“Reporting rental payments – which is often the largest monthly expense for renters – offers tenants an incentive for paying on time so they can build their credit,” Matt Briggs, chief executive officer, RentTrack. “Our partnership with RealPage furthers our mission to make rental agreements the norm on every renter’s credit report.”
RentTrack transformed the credit-reporting industry by adding rental agreements as a trusted tradeline – or account – on credit reports so renters can build credit for making on-time rent payments. In recent surveys with TransUnion, seven in 10 renters reported that they would be more likely to make on-time rent payments if property managers reported rent payments to the credit bureaus, but only about 17 percent of property managers offer rent reporting to renters.
“Our strategic partnership with RentTrack will open the doors for our customers to offer their residents a credit-building advantage,” said Chris Walton, vice president, payments product management, RealPage. “In doing so, RealPage customers will have a competitive advantage in the tight real estate market around the country.”
RealPage client, Campus Advantage has already seen success. “We’re passionate about student success and RentTrack is making a big difference for our residents,” said Dan Oltersdorf, chief learning officer, Campus Advantage. “Within a few months, it has enabled our residents to increase their credit scores by an average of 57 points.”
In addition to having their rent reported to the major credit bureaus, RentTrack subscribers can also track their credit scores and see personalized credit insights. RentTrack also offers an option to residents to report past payment history for up to 24 months on their current lease for a deeper tradeline.
For more information, please visit https://www.renttrack.com/realpage/.
RentTrack is a property technology data company that pioneered the reporting of rent and utility payments to give renters the credit they deserve for paying their largest monthly expenditures. RentTrack is the leading provider of alternative data to the major credit bureaus and continues to focus on reporting alternative consumer data that levels the credit playing field. For more information, visit http://www.renttrack.com
RealPage provides a technology platform that enables real estate owners and managers to change how people experience and use rental space. Clients use the platform to gain transparency in asset performance, leverage data insights and monetize space to create incremental yields. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves over 18 million units worldwide from offices in North America, Europe and Asia. For more information about RealPage, please visit https://www.RealPage.com.
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