FICO vs. VantageScore: Which Credit Score Do Lenders Actually Use? When it comes to credit scores, there’s one question that comes up all the time: Which one really matters, FICO or VantageScore? The answer isn’t as simple as you might think. Let’s break it down so property managers and renters can understand which model lenders...
Year-End Review: 2025 Property Management Trends That Will Shape 2026 As we close the books on 2025, property management professionals face a landscape transformed by economic pressures, technological innovation, and evolving tenant expectations. This year tested the industry’s resilience while revealing opportunities for those willing to adapt and innovate. At Credit Gnomes, we’ve had a...
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...
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,...
Change is inevitable; instead of resisting it, some companies are embracing it by stepping up with fresh ideas that make a real difference in our everyday lives. These innovators are challenging the status quo and disrupt their industries—whether it’s making healthier products more accessible, helping homeowners turn their spaces into income, or transforming how we...
For years, property managers have struggled with outdated Rent Collection Systems that create frustration and inefficiency. Rent is due on the first of the month, marked delinquent by the third, and considered late by the fifth. When tenants fail to pay, property managers must navigate the costly and time-consuming process of posting eviction notices, dealing...
Property managers have always faced challenges with rent collections, making an effective approach to rent reporting essential. Ensuring timely rental payments has long been a struggle in the property management industry, and adopting a strategic approach to rent reporting can help improve accountability and financial stability. Today, the timely receipt of rent is of particular...
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