Interested in offering rent reporting to your residents? With Boom, reporting rent payments unlocks new revenue, increases resident satisfaction, and incentivizes on-time payment — without paying nearly as much as you would with Esusu.
Boom is the first end-to-end software platform for property managers of any size to report rent payments to all three bureaus—Experian, Equifax, and TransUnion.
VS
Despite being a well-known player in rent reporting, Esusu over promises and under delivers on usability, data accuracy, and tri-bureau reporting.
VS
Despite being a well-known player in rent reporting, Esusu over promises and under delivers on usability, data accuracy, and tri-bureau reporting.
Boom is the first end-to-end software platform for property managers of any size to report rent payments to all three bureaus—Experian, Equifax, and TransUnion.
Reporting to all three credit bureaus is important, and Boom, a furnisher to Experian, Equifax and TransUnion for years, delivers on this point. Esusu only reports to Equifax and TransUnion (although they advertise reporting to all three).
Boom’s pricing is straightforward—no annual platform fees and only pay for enrolled residents (or pass the cost on to renters). Esusu, on the other hand, charges a whopping annual platform fee of $3500 and charges on a per unit basis for all units, even those that are vacant.
Boom has the broadest and deepest integration coverage with property management systems. Once integrated, payment and verification workflows can be further simplified with automations—no manual spreadsheet uploads involved!
Boom’s Partner Platform gives property managers visibility into enrolled renters and ability to verify payments seamlessly. Boom’s Reporting Dashboard measures key impact metrics, like residents’ credit score changes, in real time.
Residents can track their credit score progress for free via the Boom app. Additionally, the app offers a number of other resources such as monthly reporting statuses and rental assistance navigation.
Sure, one year of free rent reporting sounds nice, but what happens after that? With Esusu, property managers will pay an annual platform fee on top of a monthly fee per unit—vacant or otherwise. Based on contracts we’ve evaluated, Esusu costs property managers 3.2x more than Boom over the first 2 years of use. The cost of using Esusu quickly adds up.
In theory, Esusu’s rent relief program seems like a plus. However, you’re paying for it in the higher per unit and annual platform fees that come with Esusu. Additionally, in practice, this assistance is neither guaranteed nor timely, if approved. Boom focuses on setting renters up for success long term, and each product Boom offers cleanly aligns with that goal.
Yes, but in the fintech world, age doesn’t always correlate with product maturity. Esusu is a sales-led organization, while in contrast Boom is a product-led organization with an engineering team that is able to implement customer feedback in days or weeks, not months or years. The result is that Boom’s platform (started in 2021) is more comprehensive than that of Esusu’s (started in 2016).
“Boom's rent reporting has been a great addition to our offering at Burgan. And the engagement and responsiveness has been A+, from initial onboarding to ongoing support. It's clear that the Boom team is really invested in making sure this is successful for us. Strongly recommend Boom!”
Owner @ Burgan Real Estate
“Reporting rent payments with Boom’s partner portal is so fast and simple! It takes less than 5 minutes of my time each month, and APS is able to help improve credit outcomes with all 3 credit bureaus for our residents. This service will continue to be a core amenity for our residents.”
Administrative Assistant @ Advanced Property Systems
We get it! We’ve made the process of switching rent reporting services seamless—all we need is the current rent roll and the contact at the previous furnisher. That’s it, the process takes less than two weeks and Boom will handle everything including:
Resident communications regarding the switch
Switching the furnisher of record with the credit bureaus
Coordination with the prior furnisher
The Boom team is here to help you every step of the way.
