Searching for the best rent reporting solution on the market? Boom offers a true technological solution that is more affordable and faster to implement than other products on the market, including Sperlonga.
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
Sperlonga’s shortcomings include pricing (3-4x more expensive), usability (spreadsheets, not software), and implementation timeline (months vs. weeks).
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.
Sperlonga’s pricing is $2-$8 per renter, per month, depending on various add-ons. Boom’s pricing will always be less than their price range. The maximum amount Boom charges per renter, per month is $2—a price that will decrease with portfolio scale.
Boom has powerful, bi-directional PMS integrations to streamline rent reporting while providing property managers with fast and seamless user experience. Sperlonga’s rent reporting solution, along with others in the industry, relies solely on spreadsheets—a process that is cumbersome, prone to errors, and lacking in data security.
One of the main reasons Sperlonga’s implementation can take up to two months (4-5x longer than Boom) is tri-bureau credentialing. Property managers will have to go through separate processes with each bureau. With Boom, the team will manage all bureau communications, property managers will go through credentialing once and get verified within days.
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.
Yes, but when it comes to software, age doesn’t always correlate with product maturity. Unfortunately, Sperlonga’s rent reporting offering has not kept up with modern software solutions as they still rely on spreadsheets for reporting—an outdated process that is susceptible to data errors and security risks.
Not necessarily, ID theft protection is often included with basic credit cards, and therefore doesn’t need to be included in a rent reporting offering. Additionally, Boom offers free credit score tracking for every user.
“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.
