Mid-America Apartment Communities, Inc., McKinley Inc., and Morrison, Ekre & Bart Management Services (MEB) add 71,000 units to rental payment database
ATLANTA, Jan. 16 /PRNewswire/ — RentBureau(TM), the first national online repository of rental payment histories, has added three national apartment owners and managers as participants, announced RentBureau President and CEO Eric Hartz. Mid-America Apartment Communities, Inc. (Public, NYSE: MAA), McKinley Inc., and Morrison, Ekre & Bart Management Services will contribute and have access to the data in RentBureau’s National Rental Data Exchange (NRDE(TM)) database. The three new participants represent more than 71,000 apartment units in 19 states.
As partners with RentBureau, Mid-America, McKinley and MEB have access to four million rental payment records available through RentBureau’s NRDE database, enabling them to identify potentially risky residents at the time of their application. The NRDE database also allows them to support their residents by helping them establish or restore their credit.
Mid-America Apartment Communities, Inc. is a real estate investment trust that owns and manages 40,500 apartments in 13 states. The company is traded on the NYSE and is headquartered in Memphis, TN. Headquartered in Ann Arbor, Michigan, McKinley Inc. is a national real estate investment firm that owns and operates $1.8 billion in assets in 103 properties, including 17,300 apartments and more than five million square feet of commercial space in 10 states. Morrison, Ekre & Bart Management Services provides management services to a diverse portfolio of over 14,000 apartment units and over 300,000 square feet of commercial property. MEB is based in Arizona.
“Working with RentBureau provides us with the data we need to not only accept good applicants into our properties, but also to control operating costs at the property level by mitigating many of the expenses associated with skips, evictions and damages caused by bad renters,” said James Maclin, Senior VP & Director of Corporate Support of Mid-America Apartment Communities, Inc.
“RentBureau’s data will become an important management tool for McKinley because it can be shared among properties in different states, allowing our sales staff to make more informed leasing decisions at the time of application,” noted Ken Polsinelli, Executive Vice President of McKinley Inc.
“The addition of RentBureau data assists MEB in continuing to provide quality housing to deserving applicants, including those who may have been previously missed, while improving the financial performance of our portfolio,” added Jodi Bart of Morrison, Ekre & Bart Management Services.
“The NRDE database is quickly becoming the standard, as illustrated by the addition of these three prestigious partners,” said Eric Hartz. “Not only are apartment owners and managers able to make better leasing decisions about their prospective tenants, they help their residents seeking to build credit. With each new company, the strength of our database and the benefits provided to RentBureau’s participants grows exponentially.”
RentBureau is the first national system providing apartment owners and managers with accurate and current rental payment histories of apartment residents and applicants. Every 24 hours, RentBureau automatically and securely collects resident rental payment information from its members’ existing property management software. RentBureau makes the data collected in its National Rental Data Exchange (NRDE(R)) database available directly or through an apartment company’s existing screening provider.
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