About Landis

Landis helps clients transition from renting to owning by allowing them to rent the home of their choice and then purchase it back from Landis when they're financially equipped. In the meantime, Landis offers one-on-one financial coaching to prepare renters to take on a mortgage. To expand its renter resources, Landis sought out Boom as its rent-reporting service of choice — an easy tool to help clients build credit.

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"Working with Rob and his team has been seamless from day one. At Landis, we are committed to making homeownership a reality for more Americans, and we want our partners to share that vision. Boom's rent reporting has helped our residents increase their credit scores and their confidence as they pursue home ownership."

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The solution: BoomReport

As a rent-to-own program, Landis needed a customizable rent-reporting service that would only positively impact their clients and get them closer to homeownership. With Boom, Landis was able to configure their solution to:

• Only report on-time payments
• Require all clients to enroll, but batch-enroll them at different times
• Integrate with their property management software, Rent Manager, to automatically pull payment data and onboard new residents

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"When looking for a rent reporting vendor, scalability, affordability, and the ability to integrate with Rent Manager were non-negotiable — Boom was the only company that checked all of those boxes. Their rental verification process is fast; it doesn't take us more than a few minutes each month. Besides that, rent reporting is completely hands off."

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The selection process: Boom vs. competitors

Landis carefully vetted other rent-reporting services before deciding on Boom.

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"When it came to Boom's competitors, pricing was the biggest kicker for us. On top of that, most of them didn't have an integration with Rent Manager, which meant we would have to go through the cumbersome process of sending them spreadsheets month after month to confirm rental payments."

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Implementation and onboarding

Boom and Landis completed implementation and onboarding in three calls.

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"Fast and tidy. They quickly responded to any inquiry we had and did an excellent job walking us through exactly what to expect during setup, integration, and maintenance. The Boom team came prepared to every meeting with an agenda, which was really helpful, and ensured that our onboarding process was smooth and seamless."

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Integrating with Rent Manager

Landis integrated their PMS, Rent Manager, with the Boom Partner Platform. Once integrated, Boom automated reporting on-time payments to all three bureaus, sending enrollment invitations to new residents, and un-enrolling renters who move out.

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"The integration process was really easy. We had to give the Boom team four or five data points, and that's all it took. By integrating with Rent Manager, we don't have to manually onboard each renter or update payment status every month. The rent data is synced up, so everything is done automatically."

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The impact: gearing up more renters for homeownership

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Since implementing Boom in the fall of 2023, Landis has continuously enrolled existing and new renters into BoomReport while coaching them through the home-buying process.

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"The biggest impact for our residents is that, with Boom, they get into the habit of making sure their payments are consistently on time month after month, which sets them up for success when it's time to take on a mortgage — which is our end goal at Landis."

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Boom's impact beyond rent reporting

Buyers and sellers with a connection and mutual interest in the sale of a home — like Landis and their residents — have an "identity of interest," as defined by FHA and HUD. To ensure sellers correctly represent the financial performance of the consumer (including rent payment history), lenders often look to other sources for verification. Lenders can use Boom's rent-reporting data — verified and furnished to the consumer's credit reports — as a source of truth for validating rental payments and when they were made. Landis says this has been an added bonus that streamlines their selling process.

The results

• Hands-off rent reporting — just a few minutes of verification per month
• ~15 minutes of monthly work per 1,000-unit portfolio; 1 day or less to sign up and start reporting
• 28-point average credit increase within two weeks for reporting residents
• Tri-bureau reporting to Experian, Equifax, and TransUnion
• Rent Manager integration for automatic enrollment, reporting, and un-enrollment
• A source-of-truth for lenders that streamlines the home-buying and selling process

About Landis

Landis enables renters to become homeowners by renting properties until they're mortgage-ready, offering coaching and resources across 50+ markets nationwide.

About Boom

Boom is the financial services infrastructure powering modern rental operations. Boom provides property managers across multifamily, single-family, and manufactured housing with BoomScreen (configurable tenant screening and underwriting with fraud detection and income verification) and BoomReport (automated rent reporting to all three credit bureaus). The Boom Platform integrates with major property management systems to help reduce fraud, increase leasing velocity, drive on-time payments, and grow revenue, while serving renters through the Boom App to build credit and improve financial health.