NPS improves reliability and delivery of on-time monthly rent payments by receiving “installments” toward rent each pay period directly from the resident’s employer (or primary income source such as Social Security, pension, VA benefits, etc.). This, in turn, results in our clients’ willingness to lower up-front security deposit requirements and convert more prospects into residents.
Property clients are highly motivated to integrate the NPS solution into their acceptance strategy in order to increase applicant conversion rates, capture incremental occupancy and safeguard against moving in future problem payers.
Voluntary enrollment in NPS Rent Assurance serves as the ultimate screening device for prospective residents as the applicant who agrees to our program is telling the community they want to do whatever it takes to get the apartment they want, including initiating direct deposit from their payroll to make sure their rent is paid on time.
Improved ability to predict cash flow and service debt are additional program benefits tied to NPS Rent Assurance as are applications for workout programs to help existing residents in arrears to get back and stay on track.
NPS Rent Assurance delivers...