Homeowner associations (HOAs) are a major part of the U.S. housing market – roughly 75.5 million Americans (over 30% of housing stock) live under HOAs. And that number is growing, with thousands of new HOAs forming each year. For community association managers, this means an expanding workload for fee collection and compliance. At the same...
At Credit Gnomes, we believe rent shouldn’t just be a monthly expense; it should be a stepping stone toward financial growth. For most tenants, rent is their largest recurring payment, yet it often doesn’t contribute to their credit score and investment potential. That’s a missed opportunity for both residents and property managers. Credit Gnomes enables...
Spring is a season of renewal, making it an ideal time for property managers, landlords, and homeowners’ associations (HOAs) to refresh financial strategies and set the stage for a successful year. At CreditGnomes, we’re dedicated to transforming timely payments into opportunities for your properties and residents. Our innovative credit reporting services and resident benefits consulting...
Enhancing occupancy remains a top priority for multifamily owners and operators in today’s volatile market. With constant pressure to maintain high occupancy rates, finding effective strategies to attract and retain residents is crucial. One highly effective approach to achieving these goals is the implementation of resident reward programs. These programs not only address key pain...
The Customized Resident Rewards Program is revolutionizing the renting experience by offering financial security, exclusive perks, and hassle-free living. Whether you’re looking to build credit, save money, or simplify your rental journey, this program is a game-changer for every renter. 1. Build Financial Security with Credit Reporting One of the biggest advantages of the Customized...
Enhancing Lease Accountability with Commercial Lease Reporting Commercial Lease Reporting provides property managers and owners with a strategic tool to ensure lease guarantors’ financial obligations are accurately reflected in their credit profiles. By integrating with Equifax’s reporting system, Credit Gnomes enhances the reliability of commercial leases, offering greater transparency into guarantors’ financial commitments. Additionally, the...
Renting doesn’t have to mean financial stagnation. With the Customized Resident Rewards Program, renters gain access to benefits that boost credit scores, enhance financial wellness, and provide peace of mind. This program is designed to help renters transform their rent payments into meaningful financial progress, redefining the renting experience and empowering them to achieve their...
At Credit Gnomes, our mission is to revolutionize property management by helping landlords and property managers improve cash flow and reduce delinquencies. We’re proud to share a compelling success story featuring a large property management group that tested our program across 8 buildings, encompassing 465 units. Here’s a deep dive into the results they achieved...
As a property manager, you’re not just managing properties—you’re fostering a community and building trust with your tenants. One innovative way to increase tenant satisfaction and loyalty is by offering a rent reporting service through Credit Gnomes. This service allows tenants to build their credit score by reporting on-time rent payments to major credit bureaus....
Overview of AB 2747 Legislation In a major development for renters and landlords, California’s Assembly Bill 2747 (AB 2747), signed into law on September 19, 2024, mandates that landlords of buildings with 15 or more units offer tenants the option to report their positive rental payments to a national credit bureau. Effective from April 1,...
