At Credit Gnomes, we are dedicated to helping organizations optimize their financial health and streamline their operations. In this case study, we spotlight Gorman, a prominent leader in the property management industry, who recently undertook a comprehensive testing program involving eight buildings and 475 units. Faced with a starting delinquency rate of 22%, Gorman sought our expertise to implement effective strategies aimed at reducing outstanding balances and improving overall financial performance. The results of this collaboration not only demonstrate Gorman’s commitment to excellence but also highlight the significant impact of targeted financial intervention
In conclusion, the partnership between Credit Gnomes and Gorman has proven to be a transformative journey in managing financial challenges. By leveraging our expertise and innovative strategies, Gorman achieved remarkable results, reducing the overall delinquency rate from 22% to just 5% within four months. The substantial decrease in outstanding balances underscores the effectiveness of our tailored approach and commitment to excellence. As Gorman continues to thrive in the property management sector, this case study serves as a testament to the power of strategic financial management and collaboration. We look forward to supporting Gorman in future endeavors as they further enhance their operational success.
We invite property management companies seeking to improve their financial performance to connect with Credit Gnomes. Our team of experts is dedicated to providing customized solutions tailored to the unique challenges faced by the industry. Whether you are dealing with high delinquency rates or looking to optimize your financial processes, we are here to help you achieve your goals. By partnering with us, you can leverage our proven strategies and industry insights to enhance your operational efficiency and drive sustainable growth. Don’t hesitate to reach out to Credit Gnomes today and take the first step toward a more prosperous future for your property management business.
Large Owner Management Group Tests Program Sample: 8 Buildings, 475 Units Starting Delinquency Rate: 22%
Overall Delinquency Rate Decreased from 22% to just 5% Following 4 Months of Reporting- Outstanding Balances 30+ Days Reduced: 80%
Client Testimonial
Gorman Review
, Gorman USA
“The program is making an impact. After distributing the Credit Gnome flyers and starting to report our residents’ monthly payments to Credit Reporting Agencies, we noticed a shift. One resident, who had a $6,000 outstanding balance in July, paid it off by August 1st, made additional payments on the 12th and 26th, and ended August with a $1,164 credit. It’s working—we rarely see credits on our ledgers. Amazing!”