Understand the common scenarios of using rent payments for credit building that residents run into.

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Who can use this feature

• All renters enrolled in the Openroom Rent Rewards Program
• All property managers enrolled in the Openroom Rent Rewards Program </aside>

Table of Contents - Explore!

How does it work?

1. Once a month between the 7th and 10th, someone from your team does the following:
   1. exports data from your Property Manage System (e.g. Buildium, Yardi, custom Excel files)
   2. updates the list of Renters who have given consent for credit building within Openroom
2. All new renters who have given consent will receive a welcome email notifying them of your partnership with Openroom and the benefits they receive
3. On the 15th, Openroom calculates the financial standing of each lease with consent sends it to Equifax

What information does Openroom need?

Openroom processes information exported from your Property Manage System.

Here is the summary of information we expect:

• Lease - address of the property, when the lease starts
• Renter - full name, email, date of birth (if you have it)
• Balance - see below for more details
• Consent - did at least one renter provide consent, either via opt-in email from Openroom or signed addendums in leases