Esusu VS. BOOM

Interested in offering rent reporting to your residents? With Boom, reporting rent payments unlocks new revenue, increases resident satisfaction, and incentivizes on-time payment — without paying nearly as much as you would with Esusu.

Boom

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

Esusu

Despite being a well-known player in rent reporting, Esusu over promises and under delivers on usability, data accuracy, and tri-bureau reporting.

VS

Esusu

Despite being a well-known player in rent reporting, Esusu over promises and under delivers on usability, data accuracy, and tri-bureau reporting.

Boom

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.

Let’s get into the details …

Here’s how Boom’s features and benefits stack up against Esusu’s rent reporting offering
Esusu
Boom
Cost Per User
$2
(decreases with scale)
Renter App Rating (iOS, Android)
4.5★
Renter App Reviews (iOS, Android)
~1200
Tri-Bureau Reporting
On-Time Payment Reporting
Delinquent Payment Reporting
Pay For What You Use
Resident App (iOS, Android)
Credit Report Tradeline Verification
Dispute Management
Full-File Payment Reporting
*With no negative impact for missed payment
Disclaimer: All information was last verified on January 20, 2024. 

To report any incorrect or outdated information, please email us at hello@boompay.app.
Esusu vs Boom

Interested in offering rent reporting to your residents? With Boom, reporting rent payments unlocks new revenue, increases resident satisfaction, and incentivizes on-time payment — without paying nearly as much as you would with Esusu.

Let’s get into details

Here’s how Boom’s features and benefits stack up against Esusu’s rent reporting offering
Esusu
Boom
Cost Per User
$2/month decreases with scale
Renter App Rating (iOS, Android)
4.5★
Renter App Reviews (iOS, Android)
~1200
Tri-Bureau Reporting
On-Time Payment Reporting
Delinquent Payment Reporting
Pay For What You Use
Resident App (iOS, Android)
Credit Report Tradeline Verification
Dispute Management
Full-File Payment Reporting
*With no negative impact for missed payment
Disclaimer: All information was last verified on January 20, 2024.
Disclaimer: All information was last verified on May 21, 2024. Note: the following reviews may not necessarily be from customers that were previously using this competitor.
To report any incorrect or outdated information, please email us at hello@boompay.app.

Why are property managers choosing BoomReport over other rent reporting solutions?

Renter App (iOS and Android)

View enrolled renters, subscribe or unsubscribe renters, and verify rent payments in two clicks

Competitive pricing

No annual platform fee, pay-per-renter pricing, and optional revenue generation

Tri-bureau reporting

Reports payments to Experian, Equifax, and TransUnion so your renters get maximum credit impact across the board

Real renter impact

Track renters’ credit score changes via the real-time credit impact dashboard

Full visibility and control

View enrolled renters, subscribe or unsubscribe renters, and verify rent payments in two clicks

Full visibility and control

View enrolled renters, subscribe or unsubscribe renters, and verify rent payments in two clicks

Full visibility and control

View enrolled renters, subscribe or unsubscribe renters, and verify rent payments in two clicks

FAQs

Esusu’s pilots with Fannie Mae and Freddie Mac are offering one year of free rent reporting. Why would I choose Boom?

Sure, one year of free rent reporting sounds nice, but what happens after that? With Esusu, property managers will pay an annual platform fee on top of a monthly fee per unit—vacant or otherwise. Based on contracts we’ve evaluated, Esusu costs property managers 3.2x more than Boom over the first 2 years of use. The cost of using Esusu quickly adds up.

Doesn’t Esusu offer rent relief, why doesn’t Boom?

In theory, Esusu’s rent relief program seems like a plus. However, you’re paying for it in the higher per unit and annual platform fees that come with Esusu. Additionally, in practice, this assistance is neither guaranteed nor timely, if approved. Boom focuses on setting renters up for success long term, and each product Boom offers cleanly aligns with that goal.

Isn’t Esusu a larger company that’s been around longer?

Yes, but in the fintech world, age doesn’t always correlate with product maturity. Esusu is a sales-led organization, while in contrast Boom is a product-led organization with an engineering team that is able to implement customer feedback in days or weeks, not months or years. The result is that Boom’s platform (started in 2021) is more comprehensive than that of Esusu’s (started in 2016).

Using another rent reporting service?
Don’t want to onboard again?

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
Why are property managers choosing Boom over Esusu?

Tri-Bureau Reporting

Reporting to all three credit bureaus is important, and Boom, a furnisher to Experian, Equifax and TransUnion for years, delivers on this point. Esusu only reports to Equifax and TransUnion (although they advertise reporting to all three).

Competitive Pricing

Boom’s pricing is straightforward—no annual platform fees and only pay for enrolled residents (or pass the cost on to renters). Esusu, on the other hand, charges a whopping annual platform fee of $3500 and charges on a per unit basis for all units, even those that are vacant.

Direct PMS Integrations

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!

Full Visibility + Control

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.

Enhanced Resident Experience

Residents can track their credit score progress for free via the Boom app. Additionally, the app offers a number of other resources such as monthly reporting statuses and rental assistance navigation.

Not entirely convinced?
You may be wondering …

Esusu’s pilots with Fannie Mae and Freddie Mac are offering one year of free rent reporting. Why would I choose Boom?

Sure, one year of free rent reporting sounds nice, but what happens after that? With Esusu, property managers will pay an annual platform fee on top of a monthly fee per unit—vacant or otherwise. Based on contracts we’ve evaluated, Esusu costs property managers 3.2x more than Boom over the first 2 years of use. The cost of using Esusu quickly adds up.

Doesn’t Esusu offer rent relief, why doesn’t Boom?

In theory, Esusu’s rent relief program seems like a plus. However, you’re paying for it in the higher per unit and annual platform fees that come with Esusu. Additionally, in practice, this assistance is neither guaranteed nor timely, if approved. Boom focuses on setting renters up for success long term, and each product Boom offers cleanly aligns with that goal.

Isn’t Esusu a larger company that’s been around longer?

Yes, but in the fintech world, age doesn’t always correlate with product maturity. Esusu is a sales-led organization, while in contrast Boom is a product-led organization with an engineering team that is able to implement customer feedback in days or weeks, not months or years. The result is that Boom’s platform (started in 2021) is more comprehensive than that of Esusu’s (started in 2016).

Don’t just take our word for it.

“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!”

SUE B

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.”

Leilani K

Administrative Assistant @ Advanced Property Systems

Current Esusu user? Don’t want to go through another onboarding?

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

READY TO IMPLEMENT AFFORDABLE, FLEXIBLE, AND ACCURATE RENT REPORTING?

The Boom team is here to help you every step of the way.