Hey, Mr. Wonderful here and I want to talk about credit scores. Why? Because if you have a bad credit score it’s really expensive. People with bad credit scores have a hard time borrowing money, cause lenders don’t want to take the risk and they charge really high interest rates. So one of the best things you can do is drive up your credit score so you drive down your interest expense. It’s kind of crazy that anyone pays a bill and doesn't get credit for it. So, what I say is pay your bill, report it and lower your interest expense. Well how do you do this? You have your property management company get with Sperlonga. It's a great idea, that’s why I’m doing this shout out for Matt Martin. He’s driving this whole process. Sperlonga helps you reduce your interest expense by making you have a higher credit score. A very good idea. In today's world you want to be the best you can be, particularly when it comes to credit score. Sperlonga can help. Sperlonga Data & Analytics | Self Storage Reporting

SELF STORAGE

Reduce Delinquencies  ::  Improve Cash Flow

"Adding credit reporting to a self-storage operation should increase operational cash flow, which directly increases the net value of the business."

Scott Zucker of Weissmann Zucker Euster Morochnik & Garber P.C. in "The Positive Impact of Consumer Credit Screening and Reporting in the Self-Storage Industry" - www.insideselfstorage.com

SELF-STORAGE RENTAL PAYMENT REPORTING

For Self-Storage Owners, Operators, and Managers, delinquencies can be a major nuisance.  Storage Renters who do not pay their monthly storage fees on time start an endless collection cycle that begins again every thirty days for the unit.  This leads to expensive legal fees and countless hours spent chasing money in a very inefficient manner.

 

Sperlonga is currently working with Equifax, largest of the three credit reporting agencies. Our technology provides management companies the ability to attach the monthly storage unit rent to the renter's credit score, incentivizing on time payments.

 

By providing an immediate reporting mechanism when payments are due, renters have additional reasons to make their payments on time.  Timely storage unit payments will positively impact a renter’s Credit Score and conversely, late payments will negatively impact a renter’s Credit Score.

BENEFITS

MANAGEMENT

  • Reduce delinquencies

  • Increase portfolio value

  • Less expensive process

TENANTS

  • Higher credit scores

  • Build credit faster

  • Lower your interest rates

INFORMATIONAL RESOURCES

6800 Owensmouth Ave., Suite 135

Canoga Park CA 91303

info@sperlongadata.com  |  818-200-0530 

© 2019 by SPERLONGA DATA & ANALYTICS SYSTEMS LLC

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