Boom

We’ve got a new look—check us out at www.boompay.app 💥 Boom has come a long way since our launch, evolving from a renter-focused, credit-building app to a powerful platform for property managers. We rebranded and revamped our website to better serve you—and there’s so much more ahead. 🚀 Check out our new look and learn how we're leveling up rental financial services! Read more about this next chapter: https://lnkd.in/gq2-3zEQ #FinancialServices #PropTech #PropertyManagement #RealEstateTech #Rebrand

We're exactly one month away from the Property Management Systems Conference in Las Vegas! Thank you to Paul Kankowski and Wolfgang Croskey for organizing the event, it's going to be a great one! Interested in meeting with us during the event? Shoot us a message! Thinking about attending? Learn more and register here: https://lnkd.in/gfctj24B #PMSC25 #PropertyManagement #RentReporting #CreditBuilding

Are you a Yardi user? Rent reporting with Boom is now even easier. Take advantage of automated enrollments and reporting, real-time PMS syncing, and more. Want to see the integration in action? Book a demo with our team: https://lnkd.in/g4YHitfa 📝 Read our full release here: https://lnkd.in/gy85knKC 🔍 Learn more about the integration here: https://lnkd.in/g5f5SWnk #PropertyManagement #RentReporting #Integration #Yardi

Looking into rent reporting solutions for your portfolio? With Boom, you can help your renters build their credit while incentivizing them to make on-time payments—a win-win, but don't just take our word for it. 📖 Read our full case study with Dan Berry from Property Management Inc. Wasatch-Front here: https://lnkd.in/g6vpqJWY #RentReporting #CaseStudy #PropertyManagement

Big headline out from our friends at TransUnion in a recent report: rent reporting is growing fast. TU reported that the number of PMs reporting rent (of PMs surveyed by TU, and which were aware of rent reporting) grew by 33% this year, and grew 36% last year. Amazing! But wait. Does that feel too fast? Having worked at BCG, I know all too well to dig into the footnotes (old habits die hard), especially when absolute figures aren’t provided. Long story short, 108 property managers were surveyed, and the growth rates were based on the 48% of PMs who were aware of rent reporting, which would equate to 52 PMs in the sub-sample. We can do some reverse math and see how the PMs in TU's sample that report rent have grown from 29 → 39 → 52 over the last 3 years (assuming the same TU size sample, which certainly may not be the case). I would add to this that these 108 PMs may have some relationship to TU (maybe rental advisory board and/or using a TU product), and therefore may be more inclined to report rent. But all that said ... The directional trend of rent reporting growth is still almost certainly correct. 📈 Why do I think so? (1) Our calendars have been filling faster than ever with demos (s/o Carl Osbourne), with record inbound interest (2) We have actually started switching enough property managers to Boom from other rent reporting vendors that 2 of the credit bureaus have actually to implement ‘vendor switch’ processes for us to make it more programmatic → this tells me that greenfield space is becoming a little less easy to find   Why is this happening? (1) Gen Z - Gen Z is increasingly is looking for it (says the TU report), potentially driven by new self-reporting third-party apps, like the Boom app (2) New regulation & related initiatives - not mentioned by the report, but Fannie/Freddie have been a part of this, as have new bills like CA AB2747 requiring the offer of rent reporting, which I wrote about previously (link in comments) (3) Better tech available - it’s now just easier to report rent, whether your property manager, fintech, or PMS, which I wrote about my post on the Future of Rent Reporting (link in comments) As we approach 2025, I expect the practice of rent reporting, both renter- and property manager-initiated, to continue to grow. As always, if you’re looking for the solution that’s most cost effective and streamlined, shoot me a DM 💥

It's an exciting time to join Boom– as a recent addition to the team, I've gotten to see how dedicated everyone is to growing Boom's suite of rental financial services and onboarding large clients/partnerships. 2024 was a big year for Boom, help us make 2025 even bigger with this role 💥👇

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Last week, I attended our last conference of 2024 (my 17th of the year, but who's counting)! Since joining the Boom team in January, I've been all over the country and have met a ton of amazing property managers and collaborated with some of the best leaders in the industry—and we're just getting started! I truly can't wait for what's to come for Boom in 2025! #IMNWest was a great event to end the year on (and I'm not biased just because I also got to hit the golf course with Benjamin Turner and Matt Lao😉). Thanks to everyone that came out to Scottsdale and met with me during the conference! 💥

💥💥💥💥💥 #PropertyManagement #CreditBuilding #RentReporting

We're at #LeadSimpleUniversity this week in Austin 💥 Thanks to the entire LeadSimple team, especially Jordan Muela and Brynn Erdy, for organizing the event and inviting our CEO and Co-Founder, Rob Whiting, to speak on their Technology Panel alongside other leaders in proptech! #LSU2024 #PropertyManagement #PropTech