How Credit Repair Helps Property Managers and Renters

We talk a lot about people undergoing credit repair in order to boost their scores so they can buy a home.  Unfortunately, today’s market conditions have made it tough for some home buyers and many have decided to wait for a while before getting back into “home buying” mode.

While this decision can understandably come with some disappointment, postponing a home purchase and electing to rent for the next 6-12 months does present some excellent opportunities for both renters and property managers.

Renters

Use the next 6-12 months to get your credit in perfect shape.  If your scores are even slightly below 740, taking the steps to boost that score will allow you to qualify for better financing when the time comes.  Better financing means lower payments and more loan options.  A few months of credit repair might be all it takes to save thousands of dollars on an eventual home loan.

Property Managers

There are a couple ways that you can benefit from credit repair…

First, you’ll likely have rental applicants with lower scores due to the pandemic.  Those who have lost jobs or who had to maneuver finances to pay bills will have lasting credit issues and we can help them get those scores back where they need to be.

Second, you may be able to turn renters into buyers during the next year.  As you rent to them now, get them enrolled in credit repair and put them in a position to perhaps buy the home that they are renting when their lease is up.  You have a unique opportunity to forge relationships with potential new buyers who will be ready for the buying market in 2022.

We have our summer special going on now – $50 off enrollment through July 31, 2021.  Let us know if we can be of assistance or if you have any questions.