How SJC Management expanded its resident benefits with free rent reporting from Boom

This case study is based on an interview with Rebecca Miller, Assistant Property Manager at SJC Management. All quotes are attributed to her unless stated otherwise.

SJC Management at a glance

Key Points:

  • 600+ properties across Washington state
  • 30+ years in residential property management
  • Asset type: residential property management
  • Works with Rent Manager, their existing PMS
  • ~50% of residents opted into rent reporting

Company: SJC Management Group is a full-service residential property management company with 30+ years of experience, managing 600+ properties across Washington.

Asset type: Residential property management

PMS: Rent Manager

BoomReport user since: January 2024

About SJC Management

The SJC Management team has over 30 years of experience in residential property management. As a full-service company, they handle everything from tenant relations to marketing to maintenance. As they've grown to manage 600+ properties across Washington, SJC continually seeks new ways to serve residents. In January 2024, they turned to Boom to add a free amenity to their resident benefits package: on-time rent reporting to help renters build credit.

Selecting the right vendor

Rebecca and her team wanted a vendor that could customize their rent-reporting solution. They needed something that integrated with their PMS (Rent Manager), allowed them to report only positive payments, and required minimal effort to set up and maintain.

"We interviewed a couple other companies… and Boom was definitely the one that fit our needs the most."

A faster-than-expected onboarding

SJC's main concern was that rent reporting would create work they didn't have time for. Instead, onboarding was done in 10 days.

"It was all pretty easy. And even if I had questions, everyone on the Boom team was very helpful."

By integrating their Boom account with Rent Manager, SJC automated reporting on-time payments to all three bureaus, sending enrollment notifications to new residents, and un-enrolling those who move out.

"Anytime I've reached out asking for help, they had a solution. If it was complicated, within a day or two; if it was quick, they'd jump on a call right then. It's a relief not to wait several days for a response."

Rolling out to residents

With an opt-in configuration, SJC let residents choose whether to take advantage of the amenity.

"All we had to do was send a notice out to our residents asking them to email us if they wanted to opt in. Then we went into our Boom account and selected which renters to enroll."

As of May 2024, about 50% of residents had enrolled.

"Our renters were definitely interested and didn't hesitate. Surprisingly few questions. The entire process was very smooth."

Simple monthly maintenance

Since SJC only reports on-time payments, Boom notifies Rebecca each month to confirm which renters haven't paid. Any payment made up to 30 days after the due date counts as on-time; for 30+ days late, Boom reports "no data," which has no impact on the resident's score.

"On average, going through verifications takes maybe 20 minutes."

The results

  • A new, free resident benefit — on-time rent reporting added to the package
  • ~50% resident opt-in with minimal questions or friction
  • Tri-bureau reporting to Experian, Equifax, and TransUnion
  • Automated via Rent Manager — enrollment, reporting, and un-enrollment
  • ~20 minutes of monthly work to manage verifications
"If anybody was looking for a quick, easy, and very helpful company to use for rent reporting, I would definitely recommend Boom."

About SJC Management

SJC Management Group is a full-service real estate company specializing in residential property management. Their professional, full-time property managers simplify the rental process for owners and tenants alike, committed to quality service that reduces the stress often associated with rental properties.

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.

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Residential Property Management

How SJC Management expanded its resident benefits with free rent reporting from Boom

This case study is based on an interview with Rebecca Miller, Assistant Property Manager at SJC Management. All quotes are attributed to her unless stated otherwise.

This case study is based on an interview with Rebecca Miller, Assistant Property Manager at SJC Management Group. All quotes are attributed to her unless stated otherwise.

SJC Management seeks to expand their resident benefits package with a free amenity, rent reporting.

The SJC Management team has over 30 years of experience in residential property management. As a full-service property management company, they handle everything from tenant relations to marketing to maintenance and more. As they’ve grown to manage 600+ properties across the state of Washington, SJC continually seeks out new ways to better serve their residents. In January 2024, they sought out Boom to add an additional component to their resident benefits package: on-time only rent reporting to help their renters build credit.

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"Our renters were definitely interested and didn’t hesitate to enroll. Surprisingly not very many questions. The entire process was very smooth.”

Key benefits to SJC Management residents

Credit building opportunity

With Boom, renters can build their credit over time as they make consistent, on-time rental payments.

Tri-bureau reporting

Boom reports rent payments to all three major credit bureaus—Experian, Equifax, and TransUnion.

Free credit score tracking

All renters using Boom can track their reported payments and credit score progress via the Boom app.

Exceptional 24/7 customer support for SJC Management applicants

Response times <2 minutes

Customer support for you, your applicants, and your renters in minutes, not days.

Single POC for disputes

As a CRA, Boom handles all screening report disputes, requests for report copies, and requests for data updates,

Bilingual support

English and Spanish support for your renters—and more languages coming soon.

Renters can track their rent reporting, monitor their credit progress, and access financial wellness tools - all within the app
Average app rating score

Our mission

At Boom, our goal is to make housing more flexible, affordable, and rewarding.

Our history

Boom was started in late 2020 as one of our co-founders, Rob Whiting, helped two of his family members navigate housing instability due to
COVID-19 - related job loss. During this time, he saw just how archaic and difficult renting remains for the majority of the 110 million renters in the US like his family members. And the rent payment is at the center of this.
Not only has rent increased >4x faster than income for the majority of renters since the early 2000s, but the tools available to renters and landlords alike has similarly stagnated. Rent remains one large lump sum, with no additional benefits on top of paying rent - a fact that can make renting feel like money down the drain. At Boom, we believe that housing can be more flexible, affordable, and rewarding. We’ve started by enabling you to build credit with the rent payments you already make.

Our backers

Starting Line

Ezra Galston

Clocktower Ventures

Ben Savage

Company Ventures

Matt Harrigan

Gilgamesh Ventures

Andrew Endicott & Miguel Armaza

Chingona Ventures

Samara Hernandez

Affirm syndicate

Jeffrey Shu

William Hockey

Plaid co-founder

Zach Perret

Plaid co-founder

Siesta Ventures

Pau Sabria (Olapic co-founder)

Sergio Furio

Creditas founder

Misha Esipov

Nova Credit co-founder

Cyril Berdugo & Tom Petit

Landis co-founders

Will Lucas

Mint House co-founder

Todd Benson

Citi private equity co-founder

Key metrics

15
Minutes of work per month per 1000 unit portfolio
28
Average point increase within 2 weeks
1
Day or less to sign up and start reporting

About SJC Management

SJC Management at a glance

Key Points:

  • 600+ properties across Washington state
  • 30+ years in residential property management
  • Asset type: residential property management
  • Works with Rent Manager, their existing PMS
  • ~50% of residents opted into rent reporting

Company: SJC Management Group is a full-service residential property management company with 30+ years of experience, managing 600+ properties across Washington.

Asset type: Residential property management

PMS: Rent Manager

BoomReport user since: January 2024

About Boom

Boom is on a mission to level the playing field for the 110+ million renters in the US by making housing more flexible, affordable, and rewarding. Boom is building a suite of rental financial services for renters and  property managers, including rent payment reporting, rent reporting-as-a-service, and a number of integrations for the largest property management systems (PMS). Now serving thousands of renters, Boom is led by second-time founders Rob Whiting (ex-BCG, Rubicon) and Kirill Moizik  (ex-Eco, Technion, Grubhub).