Credit scores define our ability to get loan approvals, better interest rates, our dream apartment, longer lines of credit, etc. Simply put, good credit opens doors. The problem is that many renters are credit invisible or struggling to rebuild credit due to past mistakes. Others are having a hard time building good credit in the first place. Fortunately, one of the easiest ways to help residents build credit is to have their rent payments reported to major credit bureaus.
Even better, it’s easier than you think to make this a reality.
Property management companies can help residents build credit, and Yardi Breeze is proud to partner with IDIQ, which acquired Resident-Link in 2022. This revolutionary software is designed specifically to help those with low or non-existent credit scores.
To clear up any confusion about the names in this article:
- IDIQ = The parent company partnered with Yardi Breeze
- Resident-Link = Software acquired by IDIQ to help renters build credit
Let’s explore why this partnership matters for renters nationwide.
Yardi Breeze can now help residents build credit
Through our partnership with IDIQ, we now offer a direct integration with Resident-Link. Breeze and Breeze Premier clients will find Resident-Link is easy to access within their RentCafe portal. The signup and implementation process is simple and intuitive, making it easier than ever to help renters improve or build their credit.
How to get started
If you’re interested in signing up for Resident-Link, please reach out to IDIQ directly. If you’re having any trouble getting in touch with IDIQ or figuring out your next steps, we’re happy to help! Just start a live chat when you’re ready.
Why help residents build credit?
Some property managers are under the misconception that building up renters’ credit scores will encourage them to move out. The truth is that residents know there aren’t many quick, easy ways to improve credit. The ability to improve credit simply by paying rent gives them a reason to stay longer at your property.
It’s every housing provider’s dream to keep good tenants for as long as possible, making Resident-Link a no-brainer for many housing providers. Plus, residents can opt out if they change their minds or no longer need the service.
Resident-Link customer service can be reached at 800-500-8880.
Good credit is a marketable amenity
When you help renters build credit, you’re investing in your community. Not everyone uses luxury amenities like gyms, yoga studios and swimming pools, but everyone stands to benefit from good credit.
When renters’ credit scores increase, they gain access to better loans, housing and jobs. Property managers who help renters build credit scores are looking at the big picture: higher earners are more financially stable and less likely to miss payments.
Credit reporting may be the law
As of April 1, 2025, legislation in California requires landlords with 16 or more units to give tenants the option to have their on-time rent payments reported to at least one credit bureau. We encourage you to speak to an attorney and discuss the specifics of the law to see if it applies to your business. Similar legislation may be passed in other states.
A game-changer for renters
The U.S. tax system offers benefits to homeowners. Mortgage payments on homes positively affect credit scores. There are also tax write-offs and other financial benefits that are exclusive to homeowners. The trouble is that many renters are locked out of homebuying opportunities due to bad credit, no credit and plenty of other reasons.
With Resident-Link, you can give renters the ability to close the gap. It’s now easier than ever for on-time monthly rent payments to have a real-world net positive effect on the credit scores of millions of renters.
