Property managers using Rent Manager can now build renter credit, drive on-time payments, and grow ancillary revenue using Boom
AUSTIN, TX – November 29, 2023 - Today, Boom announced their integration with Rent Manager to offer a more streamlined experience for property managers using Rent Manager to report rent payments to all 3 major credit bureaus (Experian, TransUnion, and Equifax) the same day as sign up.
Now property managers using Rent Manager can get integrated directly with Boom in 1 day, and enroll renters in two clicks. On average, Boom customers experience a 28-point increase in their credit scores within 10 days, with some customers seeing credit score increases of over 100 points. Boom’s integration with Rent Manager offers property managers and landlords a number of conveniences to simplify rent reporting and increase renter satisfaction. The integration allows users to:
- Directly import and report rent payments using renter transaction data.
- Auto-report on-time payments to all three credit bureaus: Experian, TransUnion, Equifax.
- Eliminate the need to upload manually created spreadsheets.
- Send enrollment invitations to new residents.
- Automatically unenroll renters who have moved out.
- De-risk security breaches with end-to-end data encryption.
This news comes three months after the release of Boom for Property Managers, the industry's first software purpose-built for rent reporting. Boom built Boom for Property Managers after hearing complaints about existing solutions because property management teams didn’t know which renters were being reported. Property managers and landlords can utilize Boom to:
- Report rent payments for an entire portfolio in two clicks.
- Attain an industry-leading 99%+ reporting accuracy.
- View real-time resident impact via the Boom Credit Impact Dashboard.
- Report on-time payments, delinquent payments, and/or 24 months of historical payments.
- Offer residents the Boom resident app which includes access to manage their rent reporting, view their real credit impact over time, and receive customer support.
“Surprisingly, within the property manager space, we found that even well-funded vendors lacked real PMS integrations. They also relied on spreadsheets and reported to limited credit bureaus despite advertising broader coverage, causing data problems, confusion, and headaches for both renters and landlords." said Rob Whiting, CEO & Co-founder at Boom. “Our integration with Rent Manager is a continuation of our focus on simplicity, transparency, and data quality for property managers and renters alike."
"Boom's rent reporting platform has helped me upgrade my resident offering," said property owner and operator Johnathan V. of DBI Management. "I looked at other products for reporting rent, but Boom was the only one that provided real transparency of what data was being reported and when, and it eliminated the need for spreadsheets. And most importantly, it's been a resident favorite among the offerings we have at DBI."
To learn more about Boom’s integration with Rent Manager and to start reporting rent payments today, visit https://www.boompay.app/integrations/rent-manager or contact partnerships@boompay.app. Additionally, Boom will be a part of the Rent Manager’s weekly Tech Tuesday demo on December 5th from 1-2pm CT - sign up here at the following link if you’re interested in learning more.
About LCS
Incorporated in 1987 and headquartered in Cincinnati, Ohio, London Computer Systems (LCS) is a developer of business-critical software used in all 50 states and several markets throughout the world. LCS products include Rent Manager® property management software, rmVoIP telephone systems, and enterprise-level hosting solutions via its Sentry Data Center.
LCS also provides complete network design, implementation, support services, and custom website development through its IT Services and Web Design Services divisions. With more than 30,000 users, LCS combines best technologies with best practices to create unique, affordable, customer-focused products and services.
For more information about LCS, please call 800-669-0871 or visit LCS.com.
About Boom
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, starting with rent payment reporting to help renters build credit with their largest monthly expense, and expanding to tools across the renter journey. Now serving thousands of renters, Boom is led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik (Eco, Technion, Grubhub). It's backed by investors such as Starting Line, Clocktower Ventures, Gilgamesh Ventures (Petal co-founders), and angels such as William Hockey and Zach Perret (Co-founders of Plaid) who anchored Boom's pre-seed round (joined by Harry Stebbings and others from places like Cash App, Landis, Affirm and Redfin). Boom has been profiled by Inman, Business Insider, HousingWire, NerdWallet, and more.
