Single-Family Home Rentals: The New Frontier

Traditionally considered a grey market, single-family home rentals have risen in popularity as families find their own homes foreclosed and/or cannot meet the newer, more stringent mortgage underwriting standards. Demand for single-family home rentals has increased by as much as 25% in some markets.

Paycheck to Paycheck

A recent study from the National Housing Council / Center for Housing Policy titled  Paycheck to Paycheck found that it is becoming increasingly more difficult for veterans to find decent jobs and, subsequently, rental housing at a price they can afford.  At NPS we are grateful to our country’s veterans for their service, and offer our Rent Assurance program free of charge to servicemen and women who move into communities where our payroll direct deposit program is offered.  Participating communities can be found at AllCreditRentals.com.  Standard screening for lease applications is still required and NPS is not involved in lease acceptance decisions.  Based on improved renter payment performance, participation in Rent Assurance is typically offered as a substitute for higher move in costs.

Options for Multifamily Operators in Matching Credit Score with E-Pay

Advances in electronic banking now present multifamily operators with a host of automated rental payment options that can improve operational efficiency and cash flow. However, it’s challenging, even for the most savvy property decision makers, to understand which option is best for the different segments of renters. To set acceptable payment policies, your property company must decide its level of comfort with payment risk and determine who among your current and prospective resident pool has access to credit

Priorities in Crediting Underbanked Consumers

According to the FDIC 2009 National Survey of Unbanked and Underbanked Households, one out of four U.S. households is underbanked. That’s “underbanked” – not unemployed and, not necessarily, unreliable or higher risk. Common misperceptions notwithstanding, the 60 million Americans who prefer to use non-bank financial services comprise segments of both the white- and blue- collar workforces, with 71 percent earning an annual salary of $30,000 by working in all sectors of the economy. The majority of these hard- working Americans “occupy” much of the 99 percent of the job market and is under the age of 45. Yet for a variety of reasons, either this population doesn’t qualify for access to credit or is fed up with the high cost of banking fees or is simply not willing to be inconvenienced one iota to use them.