August 1, 2023 – FrontLobby, the leading rent reporting platform in Canada, is excited to announce its expansion into the US market. This expansion comes at a pivotal point in America’s rental landscape, as FrontLobby is committed to enhancing the rental industry for millions of Americans. The platform empowers both housing providers and renters, promoting responsible rent payments and fostering stronger financial outcomes.
With approximately 50 million rental housing units in the United States, housing providers play a crucial role in shaping the rental market and contributing to the nation’s economic landscape. FrontLobby’s innovative platform actively supports housing providers in managing properties and reducing financial risks, leading to enhanced financial stability. As a result, housing providers can qualify for affordable financing, confidently expand their rental portfolios, make strategic property improvements, and ultimately contribute to the overall economic well-being of the communities they serve.
FrontLobby’s platform goes beyond supporting housing providers; it also empowers renters to build credit history and enhance credit reports through rent payments, unlocking advantages typically reserved for mortgage holders. By incorporating rent payments into credit reports, renters can demonstrate financial responsibility and reliability, leading to improved creditworthiness, greater financial opportunities, and a more equitable rental landscape for all.
“With our entry into the US market, we are poised to drive positive change on a larger scale, fostering financial empowerment and responsible rent payments. Our commitment is to provide valuable tools and services that benefit both housing providers and renters, ultimately enhancing the rental industry.” – Steve Harmer, President of FrontLobby
Addressing the needs of ~45 million credit invisible or limited Americans, FrontLobby’s platform is a valuable asset for the country’s financially vulnerable individuals. For renters facing thin or no credit history, access to credit products and housing can be challenging, often resulting in higher interest rates and less favorable housing options. By empowering these individuals to report rent payments to credit bureaus, FrontLobby paves the way for greater financial opportunities and improved well-being.
FrontLobby’s expansion into the US market demonstrates its commitment to empowering both housing providers and renters with solutions focused on evolving the industry. The platform offers flexible membership options for landlords and property managers of any scale, along with individual plans for renters, ensuring that everyone has access.
To learn more about FrontLobby please visit www.frontlobby.com.
About FrontLobby
FrontLobby is a leading prop-tech platform dedicated to empowering both housing providers and renters. By reporting rent payments to the Credit Bureaus, FrontLobby enables renters to build credit history and gain access to better financial opportunities. For landlords and property managers, FrontLobby offers tools to prevent delinquencies, recover rent debt and streamline property management processes with affordable tenant screening solutions. FrontLobby is reshaping the rental industry, creating a balanced, more financially responsible ecosystem.
FrontLobby is revolutionizing the way rent is handled, fostering financial stability and positive relationships between housing providers and renters.
Media ContactCompany Name: FrontLobbyContact Person: Steve HarmerEmail: Send EmailCountry: United StatesWebsite: https://frontlobby.com/en/home/
