Rental Payments news and trends

Digital Platforms Elevate Renters’ Personal Finance Game
Consumer Finance // April 25, 2024

Digital platforms are transforming the personal finance landscape for renters by emphasizing the importance of leveraging nuanced insights derived from rental payment data, a facet traditionally excluded from credit scoring models.  Among the firms driving this transformation is EasyKnock, a home equity solution platform, which recently...

Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation
News // January 24, 2024

Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst managing director Ken Chenault and NFL Commissioner Roger Goodell to its board, the company said...

Rental Apps Help Tenants Build Credit as Instant Rent Refunds Gain Popularity
Real Estate // December 14, 2023

The convenience of digital payments has extended to the rental market, with tenants increasingly opting for instant rent refunds through digital channels.  According to a recent PYMNTS Intelligence study, digital options for paying rent have become commonplace, and now tenants are seeking the same convenience for...

Data: US Households Paying Rent Dropped 12 Percent From March
Coronavirus // April 09, 2020

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). The numbers, from a...

Quick Reads
Bilt Explores Mortgage Payment Rewards Amid $3.1 Billion Valuation

January 24, 2024
Rent payment loyalty platform Bilt Rewards is now a $3.1 billion company. Bilt’s new valuation follows a $200 million equity investment led by General Catalyst, as well as the addition of General Catalyst managing director Ken Chenault and NFL Commissioner Roger Goodell to its board, the company said Wednesday (Jan. 24) in a news release. The company said […]

Data: US Households Paying Rent Dropped 12 Percent From March

April 09, 2020
The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from...