Neighborhood Pay Services, LLC (NPS), a financial service provider for the multifamily housing industry, today announced its first program to transform the resident credit-performance paradigm -- Rent Assurance. The NPS Rent Assurance program enables property companies to capture incremental occupancy by providing conditionally approved applicants with a simple “hands-off” system to assure that rent is paid on time.
The NPS program is unique to the multifamily industry and utilizes a proprietary direct deposit platform that benefits both the property company and the resident. Property clients deploy the cloud-based services with zero start-up costs or technology integration requirements, while rental applicants essentially submit a simple form.
“We see a need in multifamily markets for proactive solutions rather than focusing on recovery after problems occur, which is why NPS is helping property companies get in front of rent-related financial performance issues,” said Richard Calmas, founder and CEO, NPS. “We do this by making rent ‘first in line’ as a voluntary deposit from a resident's payroll every time they’re paid. This gives property clients assurance of consistent resident performance after the lease is signed.”
Read more...Neighborhood Pay Services Launches Rent Assurance - Multifamily News Headlines – Breaking News, Stories, Top Headlines :: MultifamilyBiz.com
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