PMI Wasatch and Boom partner to add a valuable resident amenity—credit building—to their custom resident benefits package.
This case study is based on an interview with Dan Berry, Owner of PMI Wasatch. All quotes are attributed to him unless stated otherwise.
Dan and his team were interested in adding an additional amenity to their benefits package that would provide value to their renters. Rent reporting with Boom offered them a solution that was easy to implement, affordable, and comprehensive. PMI Wasatch onboarded with Boom in January 2024, their renters can enroll in on-time only rental payment reporting as a tool to build their credit during their tenancy.
“Every property management company should be looking to implement some type of credit building program, not only for the renter, but for what it means to the owner as well — getting paid on time. Partnering with a phenomenal program like Boom to report rent payments does just that and generates an additional revenue stream for us.”
With Boom, renters can build their credit over time as they make consistent, on-time rental payments.
Boom reports rent payments to all three major credit bureaus—Experian, Equifax, and TransUnion.
All renters using Boom can track their reported payments and credit score progress via the Boom app.
At Boom, our goal is to make housing more flexible, affordable, and rewarding.
Boom was started in late 2020 as one of our co-founders, Rob Whiting, helped two of his family members navigate housing instability due to
COVID-19 - related job loss. During this time, he saw just how archaic and difficult renting remains for the majority of the 110 million renters in the US like his family members. And the rent payment is at the center of this.
Not only has rent increased >4x faster than income for the majority of renters since the early 2000s, but the tools available to renters and landlords alike has similarly stagnated. Rent remains one large lump sum, with no additional benefits on top of paying rent - a fact that can make renting feel like money down the drain. At Boom, we believe that housing can be more flexible, affordable, and rewarding. We’ve started by enabling you to build credit with the rent payments you already make.
Starting Line
Ezra Galston
Clocktower Ventures
Ben Savage
Company Ventures
Matt Harrigan
Gilgamesh Ventures
Andrew Endicott & Miguel Armaza
Chingona Ventures
Samara Hernandez
Affirm syndicate
Jeffrey Shu
William Hockey
Plaid co-founder
Zach Perret
Plaid co-founder
Siesta Ventures
Pau Sabria (Olapic co-founder)
Sergio Furio
Creditas founder
Misha Esipov
Nova Credit co-founder
Cyril Berdugo & Tom Petit
Landis co-founders
Will Lucas
Mint House co-founder
Todd Benson
Citi private equity co-founder
PMI Wasatch Front LC is a full service real estate asset management company that provides professional property management and real estate brokerage services. They provide both residential and commercial property owners with the highest quality property management services using state-of-the-art technology to keep them informed of how their investments are doing in real time, while providing tenants of these properties real time access to maintenance requests and billing. PMI Wasatch Front LC is dedicated to providing their clients with excellent customer service by maximizing owner profitability while preserving their investment in real estate. At PMI Wasatch Front LC, they make property management, manageable.
Boom is on a mission to level the playing field for the 110+ million renters in the US by making housing more flexible, affordable, and rewarding. Boom is building a suite of rental financial services for renters and property managers, including rent payment reporting, rent reporting-as-a-service, and a number of integrations for the largest property management systems (PMS). Now serving thousands of renters, Boom is led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik (ex-Eco, Technion, Grubhub).