TransUnion and YapStone announced a partnership today to provide RentPayment to independent landlords and small property managers through TransUnion SmartMove. How will this partnership help YapStone? We asked our VP/GM of Rent, Michael Denbeau:
“Our partnership with TransUnion will allow us to now access a segment that we have previously been unable to tap including buildings with less than 5 units even though it represents over 50% of apartment rentals and 36 million units nationwide. Due to the fragmented nature of the independent landlord and small property manager market it was not economically scalable for us to pursue this demographic in the past. TransUnion however, successfully penetrated this base with a renter self-service product that allows for a faster onboarding process for the landlord and property manager. By combining forces, we are able to now provide RentPayment to an additional 200,000 small landlords and 1 million renters.”
To view the full press release, please click here.