Tampa, Fla. — Tampa-based Multifamily Professional Group LLC has announced the launch of Rent Credit, the company’s new business-to-business service program.
For the student resident, the Rent Credit program offers the opportunity to establish credit and maintain a positive credit history while attending school instead of waiting until they graduate. This leads to an increase in profitability and a decrease in bad debt for owners and operators of Student Housing communities, according to Multifamily Professional Group.
The program uses the latest technology in electronic data transfer with institutional-level encryption, allowing information to travel safely from the owner/operator to credit reporting bureaus. A survey conducted by Multifamily Professional Group found that 73 percent of student residents would choose a property that offered the Rent Credit program over one that did not if all else was equal.