Are you a property manager interested in Piñata for rent reporting? If you want to provide real impact to your residents—not limited rent reporting and basic rewards—at a lower cost, Boom is the best solution.
Boom is the first end-to-end software platform for property managers of any size to report rent payments to all three bureaus—Experian, Equifax, and TransUnion.
VS
Despite being a well-known player in rent reporting, Esusu over promises and under delivers on usability, data accuracy, and tri-bureau reporting.
VS
Piñata promotes a rent reporting + rewards package, but in trying to do both, they under deliver while overcharging property managers and renters in the process.
Boom is the first end-to-end software platform for property managers of any size to report rent payments to all three bureaus—Experian, Equifax, and TransUnion.
Despite advertising that they can report to all three bureaus, Piñata only reports to Equifax and TransUnion. Reporting to all three credit bureaus is important, and Boom, a furnisher to Experian, Equifax and TransUnion for years, delivers on this point.
Rewards seem great, but if it seems too good to be true, then it probably is. Unfortunately, Piñata’s rewards are basic, non-exclusive discounts that disappoint their users. On the other hand, Boom users that pay rent on time see a 28 point increase to their credit score in 2 weeks–a real impact that makes rent truly rewarding.
Boom has the broadest and deepest integration coverage with property management systems. Once integrated, payment and verification workflows can be further simplified with automations—no manual spreadsheet uploads involved!
Boom’s Partner Platform gives property managers visibility into enrolled renters and ability to verify payments seamlessly. Boom’s Reporting Dashboard measures key impact metrics, like residents’ credit score changes, in real time.
Piñata is sold primarily through a third-party vendor for resident benefits packages (RBP), which means there are limited customization options. Boom allows property managers to build a true RBP with flexibility on opt-in/opt-out requirements, cost to residents, and ancillary revenue generation.
Boom has transitioned multiple property management portfolios from Piñata to Boom, so the team has seen the data—they only report to two bureaus: TransUnion and Equifax. Oftentimes, when these findings are flagged to the property manager, Boom finds out that they were previously unaware of Piñata’s limited rent reporting.
With Piñata, property managers don’t have a place to log in and view enrolled renters, rent reporting statuses, or credit impact. Boom offers these features and more via the Boom for Property Managers platform.
“Boom's rent reporting has been a great addition to our offering at Burgan. And the engagement and responsiveness has been A+, from initial onboarding to ongoing support. It's clear that the Boom team is really invested in making sure this is successful for us. Strongly recommend Boom!”
Owner @ Burgan Real Estate
“Reporting rent payments with Boom’s partner portal is so fast and simple! It takes less than 5 minutes of my time each month, and APS is able to help improve credit outcomes with all 3 credit bureaus for our residents. This service will continue to be a core amenity for our residents.”
Administrative Assistant @ Advanced Property Systems
We get it! We’ve made the process of switching rent reporting services seamless—all we need is the current rent roll and the contact at the previous furnisher. That’s it, the process takes less than two weeks and Boom will handle everything including:
Resident communications regarding the switch
Switching the furnisher of record with the credit bureaus
Coordination with the prior furnisher
The Boom team is here to help you every step of the way.
