Safeguard Against Payment Delinquency
In exchange for securing an apartment lease, residents agree that a portion of their weekly paychecks will be direct deposited electronically to NPS and forwarded monthly to the property company when rent is due
- Vacancies decline since more applicants can be approved based on their ability to pay through NPS, resulting in more revenue to property managers.
- Delinquencies decline since more residents can overcome their payment problems by “putting aside” a portion of rent on a weekly basis, removing the temptation to use money for other expenses.
- Communication improves with weekly NPS early warning status reports detailing resident payments.
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