Reporting of payment data benefits property managers and renters nationwide
SANTA BARBARA, Calif., July 1, 2016 — Yardi® and Experian® RentBureau®, provider of the largest and most widely used database of rental payment information, are launching an interface that helps renters build credit history by enabling Yardi’s property management clients to automatically report rental payment data to Experian RentBureau.
“We are on a mission to broaden opportunities for consumers to gain access to the credit marketplace,” said Emily Christiansen, director of Experian RentBureau. “By working with Yardi, we are significantly expanding the number of consumers who can benefit from having their rental payments reported, which can make a real impact in the daily lives of renters nationwide.”
Yardi clients simply sign up with Experian RentBureau to have their rental payment history reported automatically from Yardi Voyager®. In addition to the benefits for consumers, property managers who furnish rental payment history data to Experian RentBureau gain improved protection from lease skips, a faster debt-recovery process and more residents paying rent in a timely manner.
“We are dedicated to the ongoing enhancement of our platforms and services to further meet the evolving needs of our clients,” said Patrick Hennessey, vice president and general manager of Resident Screening at Yardi. “Adding the capability to seamlessly report rental payment data to Experian RentBureau will help our clients ensure high quality residents and maximize occupancy at their communities, which raises asset value for property owners.”
The addition of Experian RentBureau data complements the comprehensive Yardi Resident Screening™ solution, an online service that screens applicants for credit, rent, employment and criminal history. With seamless access to the additional rent payment information through Yardi Resident Screening, Yardi clients will be able to fully maximize their capability to select the best residents possible.
About Experian RentBureau
Experian® RentBureau® is the largest and most widely used database of rental payment information and currently includes information on more than 15 million residents nationwide. Experian is the first major credit reporting agency to incorporate the positive rental payment data reported to Experian RentBureau in consumer credit reports, enabling residents to build credit history by paying rent responsibly. For more information, visit www.experian.com/rentbureau.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com.