You’re in good company
The industry’s most streamlined solution for rent reporting, enabling property managers to incentivize on-time payments, grow revenue, and build renter credit.
Boom reports rent payments to all three major bureaus—Experian, Equifax, and TransUnion—so your renters get maximum credit impact across the board.
BoomReport is the most flexible rent reporting solution on the market.
Renters are required to be enrolled with no option to opt in or out.
Renters are able to enroll at any point during their tenancy.
Renters can opt out within a certain window before being enrolled.
Save 80%+ by using BoomReport instead of traditional rent reporting services.
Standard
per renter per month
Custom
Volume pricing available
Do you have a Fannie Mae or Freddie Mac loan?
You may be eligible for special pricing.
Regardless of property type or portfolio scale.
Set your renters' monthly price for credit reporting and create an ancillary revenue stream.
Add rent reporting—a credit building tool—to your community's resident benefits package.
Proactively deter late payments instead of relying on late fees and evictions.
Track your renters’ overall credit score changes via the real-time credit impact dashboard.
New partners are onboarded with Boom’s streamlined launch playbook and receive hands-on support at every step.
Give the Boom team a few pieces of information to get set up on the Boom Platform.
Select a few renters to start or enroll your entire portfolio at once.
Measure the changes to your renters' credit scores in real time.
Get credentialed once with Boom and report data to all three credit bureaus in as few as 24 hours.
Streamline rent reporting by connecting your property management software (PMS) to BoomReport.
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“Anybody in property management knows that this is a business of controlled chaos. You’re constantly putting out fires. You want to trust that every vendor you bring on will act as an extension of your team—driving immense value while simplifying your workload. We found that level of quality with Boom.”
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“Credit building is a critical component of what we do at Divvy and we’re grateful to have Boom on our side. Rent reporting with Boom is stress-free, hands off, and most importantly, reliable. For any other mid-to-large size SFR or even multifamily portfolio, that’s a huge win.”
Boom has helped me to reach my goals of purchasing my home by boosting my credit score 100 + points along with on time bill payments. If you’re currently renting and need an extra credit boost, then this app will help you accomplish the goal.
I wish I would have found Boom earlier. This is a great service, and in my opinion, a must for any renter.
My credit score soared. I went from no score 9 months ago to over 800 today. The best rent reporting app on the market. Reports to all 3 credit bureaus which is a must. The app is easy to use, and if you have questions their customer service is second to none.
See BoomReport in action on a personalized demo with our team.
Rent reporting is the process of using a third-party platform, like BoomReport, to furnish rental payment data to the major credit bureaus—Experian, Equifax, and TransUnion. By consistently making on-time payments, renters can build their credit over the course of their tenancy.
Once you create an account, a Boom team member will walk you through onboarding—setting you up on the Boom Platform, configuring your setup, and enrolling your first set of renters. Each month, Boom will report your renters’ payments from the prior month to the three major credit bureaus—Experian, Equifax, and TransUnion. Once onboarding and enrollment are complete, you will spend minimal time each month verifying renter payments (~15 minutes per 1000 units).
Depending on your configurations, the benefits of rent reporting with BoomReport can include: expanding your resident benefits package offering, generating ancillary revenue, measuring social impact, deterring delinquencies, and increasing renter satisfaction. For your residents, rent reporting can help them build credit as they make on-time rent payments.
It’s up to you—choose to 1) absorb the cost of BoomReport to offer rent reporting for free, 2) charge your renters the at-cost price, or 3) earn ancillary revenue by passing on the cost to your renters and defining their monthly fee.
On average, renters enrolled in BoomReport that make on-time payments see a 28 point increase in the first two weeks.
Renters can download the Boom app (iOS, Android) to access free credit monitoring, track their reported rent payments, and access financial wellness tools.
Yes—you will be able to pull custom reports and measure the overall impact on your renters’ credit scores via Boom’s real-time credit impact dashboard.
Property managers can either exclusively report their renters’ on-time payments or report both on-time and delinquent payments—often referred to as “full file” reporting.
Boom reports rental payments to all three major credit bureaus—Experian, Equifax, and TransUnion.