At FilterTime, we’re committed to helping property managers enhance their resident benefits packages with valuable, innovative solutions that go beyond routine maintenance. That’s why we’re excited to announce our new partnership with Piñata, a unique credit-building program that rewards renters for their on-time rent payments.
As property managers, you’re always looking for ways to boost tenant satisfaction, improve retention, and offer perks that add value to your properties. Through our partnership with Piñata, we can now help you provide rent rewards and credit reporting services that help your residents build their credit scores while reaping valuable rewards—turning their rental experience into a financially rewarding journey.
Why Renters Need a Good Credit Score
Building a solid credit history is one of the smartest investments renters can make for their financial future. A good credit score opens the door to better financial opportunities, such as:
- Better Leases: Renters with a good credit score are more likely to get approved for new apartments with better lease terms and lower deposits.
- Financial Security: A higher credit score gives renters the trust of financial institutions, which can mean lower interest rates on loans in times of need.
- Premium Credit Cards: Renters with good credit are more likely to qualify for premium credit cards with great rewards and low interest rates.
- Home Mortgages: A higher credit score means lower interest rates on mortgages, potentially saving thousands over the life of the loan.
How Piñata Works for Property Managers and Renters
Through Piñata’s simple yet powerful platform, renters are rewarded for their on-time rent payments, and their payment history is reported directly to the major credit bureaus, improving their credit score. Here’s how it works:
- Rent Reporting: Piñata reports on-time rent payments to all three major credit bureaus for maximum impact, helping renters build their credit score.
- Free Back Reporting: Unlike other services that charge fees for back reporting, Piñata includes this vital first step for free, ensuring renters have a complete credit history.
- Track Progress: Renters can monitor their credit score and receive valuable insights with Piñata’s intuitive dashboard and education hub, helping them stay informed and empowered about their financial health.
- Earn Rewards: Renters earn points with each on-time rent payment, unlocking rewards such as gift cards, curated products for the home, and entry into epic giveaways like Samsung Smart TVs, free rent for a month, or a shopping spree at Target.
- Exclusive Marketplace Deals: Piñata’s deals marketplace offers additional savings on everyday items like groceries, automotive services, and more.
Why Piñata?
- Easy Credit Building: Piñata automatically reports rent payments to the credit bureaus, making it easy for renters to build their credit without any extra effort.
- No Fees for Back Reporting: Piñata offers free back reporting, saving renters from additional fees that other services may charge.
- Great Rewards: Renters earn awesome rewards right from day one, which they can redeem for gift cards, curated products, and even enter exciting giveaways.
- Comprehensive Education: Piñata’s dashboard and educational hub keep renters informed and motivated as they improve their credit score.
How FilterTime and Piñata Work Together for Property Managers
FilterTime has always been committed to offering property managers simple and effective solutions to make their operations more efficient. With our partnership with Piñata, we can now refer property managers who are interested in offering rent rewards and credit reporting as part of their in-house resident benefits packages to Piñata’s trusted services.
Whether you’re looking to add a financial incentive for your tenants or you’re interested in offering an easy way to help them build credit, Piñata makes it simple and seamless. If you’re interested in offering rent rewards and credit reporting to your residents, let us connect you with Piñata’s expert team. We’re here to help you create a comprehensive, valuable resident benefits package that improves tenant satisfaction and retention.
If you’re ready to take the next step, contact us today to learn more about Piñata and how it can enhance your property’s offerings.