Zenbase, a leading provider of smart rent payment solutions, has expanded its collaboration with Mainstreet Equity (TSX: MEQ), through the introduction of automated rent reporting to Equifax Canada. This strategic move aims to empower residents in building their credit profiles and underlines the commitment to the social component of Environmental, Social, and Governance (ESG) initiatives.
By offering automated rent reporting as an amanity, Zenbase enables Mainstreet Equity residents to proactively establish and improve their credit. This pioneering feature represents a significant step in enhancing financial inclusivity and empowering individuals to achieve their long-term financial goals.
“We are excited to strengthen our partnership with Mainstreet Equity and introduce automated rent reporting as an instrumental tool for their residents,” said Koray Can Oztekin, CEO and Founder at Zenbase. “This expanded partnership aligns with our commitment to fostering social progress and financial well-being within the communities we serve.”
The automated rent reporting functionality, seamlessly integrated into Zenbase’s existing suite of services, provides Mainstreet Equity residents with the opportunity to build a robust credit history based on their rental payments. This initiative not only enhances financial literacy among residents but also contributes to a more inclusive and sustainable society.
“We believe that financial empowerment is a crucial aspect of social responsibility,” commented Anthony Lam of Mainstreet Equity. “The collaboration with Zenbase signifies our joint dedication to supporting the financial well-being of our residents and fostering a more equitable society.”
Through this strengthened partnership and the introduction of automated rent reporting, Zenbase and Mainstreet Equity reaffirm their commitment to driving positive social impact and contributing to the ESG objectives of the real estate industry.
About Zenbase
Zenbase, a leader in smart rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provides other financial health tools including Canada’s only automated rent reporting to support building resident’s credit. For more about Zenbase’s ESG inspired solutions visit myzenbase.com.
About Mainstreet
Mainstreet is publicly traded on the Toronto Stock Exchange (TSX: MEQ). As at Q4 2023, assets were valued at over CDN $3B. Since going public, Mainstreet has continued to grow its assets organically; its double-digit compounded annual growth continues today. Current holdings consist of over 17,000 apartments across western Canada (BC, AB, SK, MB). Along with this healthy balance sheet success, Mainstreet is a proud champion of affordable housing. Learn more: https://www.mainst.biz.
Zenbase, a leading financial technology company, is proud to announce its latest partnership with Strategic Group, a prominent real estate investment and management company based in Calgary. This collaboration marks another milestone in providing innovative financial solutions to more renters across Canada.
Zenbase’s smart rent payment platform now offers the country’s only automated rent reporting to Equifax, facilitating a seamless process for residents to build their credit history effortlessly. This pioneering feature not only simplifies the financial lives of residents but also empowers them to achieve their long-term financial goals more effectively.
Furthermore, in an effort to enhance the financial well-being of residents, Zenbase has the option for residents to split their rent, allowing for more convenient budget management. This unique feature enables residents to allocate their funds efficiently, ensuring a smoother and stress-free financial experience at the beginning of the month.
“We are excited to collaborate with Strategic Group to bring our ESG inspired solutions automated to more renters in Canada” stated Zenbase CEO and Founder Koray Can Oztekin. “With this partnership, we aim to empower residents by providing them with the tools they need to build strong financial foundations and achieve their aspirations.”
Tracey Steman, COO at Strategic Group added “The partnership between Zenbase and Strategic Group signifies a shared commitment to enhancing the financial landscape of residents, fostering greater financial stability and well-being within our communities that we serve. As a testament to our ongoing dedication to improving the quality of life for our residents, we are thrilled to announce our collaboration with Zenbase.”
Strategic Group was able to offer Zenbase’s automated rent reporting and flexible rent payments to all of its residents after just 1 day spent setting up the offering. The response from residents was positive and immediate.
About Zenbase
Zenbase, a leader in smart rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provides other financial health tools including Canada’s only automated rent reporting to support building resident’s credit. For more about Zenbase’s ESG inspired solutions visit myzenbase.com.
About Strategic Group
Strategic Group owns, manages, and develops office, retail and residential properties. Our creative and unconventional approach is reflected in our mantra: Creating value others can’t by seeing what others don’t. While Strategic Group’s focus is real estate, we also own businesses in other industries including construction, oil field services, pet care, agriculture, technology corporate finance, self-storage and coworking. For more information visit strategicgroup.ca.
ICM Property Services, a leading property management company dedicated to enhancing the rental experience, is proud to announce its partnership with Zenbase, a fintech company specializing in ESG inspired financial tools for renters. This collaboration aims to empower renters by offering Canada’s only automated rent reporting to Equifax for building credit and a flexible rent payment option as a budgeting tool.
The partnership between ICM Property Services and Zenbase highlights the commitment to supporting residents to take control of their financial future. With an increasing number of people choosing to rent over homeownership, the need for financial empowerment within the rental market has never been greater.
Zenbase’s technology will enable ICM Property Services to offer automated rent reporting to Equifax giving tenants the opportunity to strengthen their credit profiles by simply paying rent on time. This service not only benefits renters looking to build credit but also helps property managers and landlords attract responsible tenants.
Additionally, the partnership will provide tenants with greater flexibility in their rent payments. Zenbase’s budgeting tools will allow renters to customize their payment schedules, making it easier to manage their finances and meet their financial goals.
“We are thrilled to partner with Zenbase to offer our tenants a range of new financial tools that can truly improve their lives,” said Lacy Samson, Associate, Director, Residential Property Management at ICM Property Services. “This collaboration underscores our commitment to enhancing the rental experience for our residents by empowering them to build their credit and manage their budgets more effectively.”
“We are excited to work with ICM Property Services to provide innovative financial solutions to renters,” said Koray Can Oztekin, CEO and Founder at Zenbase. “Our mission is to make financial freedom accessible to everyone, and this partnership is another step toward achieving that goal.”
ICM Property Services was able to offer Zenbase’s automated rent reporting and flexible rent payments to all of its residents after just 2 days spent setting up a fully integrated offering with no negative impact to their operations.
About Zenbase
Zenbase, a leader in smart rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provides other financial health tools including Canada’s only automated rent reporting to support building resident’s credit. For more about Zenbase’s ESG inspired solutions visit myzenbase.com.
About ICM Property Services:
ICM Property Services Inc. provides exceptional service and value while managing a growing portfolio of residential, retail, and industrial properties in the Alberta market. As a boutique property management firm, our management and staff are always accessible and responsive. We work with the principles of honesty, integrity, and respect in all aspects of our business. We provide thoughtful, timely communications, adapt to new technologies and efficiencies and execute proactive leasing and maintenance plans to achieve our goals. For more information visit icmpropertyservices.ca.
Forum Asset Management (“Forum”), a prominent leader in asset management, is excited to announce a strategic partnership with Zenbase, a proptech innovator, with an emphasis on the “S” (Social) in Environmental, Social, and Governance (ESG) principles. This alliance is poised to introduce solutions that prioritize social responsibility, including Canada’s only automated rent reporting solution for building credit and the most popular split rent payments.
In an era where social and community well-being holds paramount importance, Forum, is proud to align its efforts with the “S” in ESG values. The partnership with Zenbase signifies a leap forward in delivering advanced services that foster sustainable, equitable, and community-centric living environments.
Kathleen Beaumont, Director, Impact & ESG for Forum, says “Our partnership with Zenbase is a testament to our dedication to creating socially responsible and sustainable living environments. By focusing on the ‘S’ in ESG, we are not just enhancing our residents’ living experience; we are also contributing positively to the communities we serve.”
Koray Oztekin, Founder & CEO of Zenbase added, “Zenbase is excited to collaborate with Forum in pioneering ESG-inspired solutions that prioritize the social well-being of Canadians including students and newcomers. Together, we aim to redefine property management by creating inclusive, supportive, and socially responsible living spaces.”
The Forum and Zenbase partnership represents a leap forward in championing the “S” in ESG principles within the real estate industry. Residents and property owners can anticipate an elevated living experience characterized by financial empowerment, community-building, and a commitment to social responsibility.
About Zenbase:
Zenbase, a leader in smart rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provides other financial health tools including Canada’s only automated rent reporting to support building resident’s credit. For more about Zenbase’s ESG inspired solutions visit myzenbase.com.
About Forum:
Forum, the manager of REIIF, is an investor, developer and asset manager operating across North America for over 25 years. Our core purpose is to deliver Extraordinary Outcomes™ to our stakeholders. Our adaptable, agile, and dynamic team is committed to sustainability and responsible investing, creating value that benefits the communities in which we invest.
Our investment focus includes real estate, private equity, and infrastructure. The enterprise value of our assets under management currently exceeds C$1.7 billion. Our investments have attracted a number of top investors. We’re proud to have delivered in the top tier of alternative asset returns since 2002, while positively impacting over 6,000 lives. For more information about Forum, visit: www.forumam.com.
Zenbase, the first service to offer automated and verified rent reporting in Canada,, is excited to announce the deepening of its existing partnership with Laebon Rental Communities, a premier property management company dedicated to providing exceptional living experiences. The expanded collaboration aims to further enhance the rent reporting service, enabling residents to build credit with Equifax and ultimately helping them achieve their goals of future home ownership.
Recognizing the increasing importance of accessible credit-building options, Zenbase and Laebon Rental Communities have decided to strengthen their collaboration and extend their joint efforts in empowering renters to establish credit histories while paying their monthly rent. Through an enhanced integration of Zenbase’s advanced technology with Laebon Rental Communities’ comprehensive property management system, this partnership will streamline and automate the process of reporting rent payments to Equifax.
“We are thrilled to deepen our partnership with Laebon Rental Communities, a trusted leader in the property management industry,” said Koray Can Oztekin, CEO of Zenbase. “Together, we are committed to providing individuals with the tools and opportunities they need to build strong credit profiles. By expanding our rent reporting solution, we aim to empower Laebon Rental Communities’ residents to unlock their financial potential and work towards achieving long-term financial stability and future home ownership.”
The deepened collaboration between Zenbase and Laebon Rental Communities will enable residents to establish and strengthen their credit histories by ensuring that their timely rent payments are accurately reflected in their Equifax credit reports. This credit-building initiative will allow individuals to demonstrate their creditworthiness, which can have a significant impact on their ability to access favorable loan terms, secure housing, and pursue future financial endeavors.
“Building on our successful partnership, we are excited to take the next step with Zenbase in offering an expanded rent reporting service,” said Matthew Matthew Lavergne, General Manager of Laebon Rental Communities. “By further integrating rent reporting into our services, we are reinforcing our commitment to our residents’ financial well-being and helping them lay a solid foundation for future milestones such as homeownership. This deepened partnership aligns perfectly with our mission of delivering exceptional living experiences and goes beyond traditional property management practices.”
About Zenbase
Zenbase, a leader in rewarding and flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provide other financial health solutions such as rent reporting. For more information on how to get started with Zenbase or CreditBuilder, visit myzenbase.com.
About Laebon Rental Communities
Laebon Rental Communities (LRC) provides tenants with safe, affordable, and well-maintained rental buildings throughout Red Deer, Sylvan Lake, Lacombe, Penhold and soon Calgary. When renting with Laebon you know you are renting with a name you can trust. The Laebon name has been known for their high standards and their commitment to quality craftsmanship, design, and innovation in Central Alberta since 1976.
LRC is committed to providing residents with not only the best quality in housing but an enhanced level of community. Each Laebon Rental Community is essentially a community within its-self. LRC holds social events, creates interactions between residents and staff, and always provides open lines of communication. LRC strives to provide Albertans with a high standard of living and a place they are proud to call home. Learn more: https://laebonrentalcommunities.com
Zenbase, offering Canada’s only automated rent reporting and most popular split rent payments, is pleased to announce a partnership with unitii corp., a premier provider of residential property management services in Alberta. This collaboration aims to revolutionize the renting experience by offering residents the combined benefits of rent reporting for building credit and the option to split rent, facilitating easier budgeting.
Zenbase has gained recognition for its innovative credit-building solutions, empowering individuals to enhance their financial well-being. Through its solution, Zenbase enables users to report their rental payments automatically to Equifax, allowing them to establish or strengthen their creditworthiness.
Unitii is a trusted name in the real estate industry. By joining forces with Zenbase, unitii further enhances its suite of resident-focused offerings. In addition to traditional property management services, residents now have access to the option of splitting their rent payments, promoting more manageable budgeting and financial planning.
The partnership between Zenbase and unitii aligns perfectly with the ever-evolving needs of modern renters. By combining the power of credit building through rent reporting and the flexibility of splitting rent, residents will enjoy newfound financial freedom and the ability to achieve their long-term financial goals.
“We are excited to partner with unitii and bring our industry-leading credit-building technology to their residents,” said Koray Can Oztekin of Zenbase. “We believe that everyone should have the opportunity to build a strong credit history, and this partnership will provide unitii’s residents with the tools they need to take control of their financial futures.”
Lizaine Wheeler, COO of unitii corp, expressed her enthusiasm about the partnership, stating, “unitii is committed to delivering exceptional living experiences for our residents. By teaming up with Zenbase, we are not only enhancing our services but also empowering our residents with the opportunity to improve their credit scores and create better financial prospects for themselves. We are thrilled to provide our residents with this valuable resource.”
About Zenbase
Zenbase, a leader in rewarding and flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions aid the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the first of the month, but that doesn’t align with most people’s bi-monthly pay cycle. Zenbase fixed that misalignment by offering residents the option to split their rent into two monthly payments and provide other financial health solutions such as rent reporting. For more information on how to get started with Zenbase or CreditBuilder, visit myzenbase.com.
About unitii corp. At unitii our focus is reimagining property ownership and enhancing residents experience. Owning properties should be seamless and stress free. Our senior leadership team has combined their decades of experience, managing over 60,000 apartments to create a platform that transforms the rental journey. We make it a priority to stay up to date on all the latest market information, technology, and talent that will provide best in class property management. We live and breathe Property Management! For more information visit unitii.ca.
Zenbase has partnered with VIDA to offer a flexible rent payment option to over 2,000 households in Nova Scotia, New Brunswick and Manitoba. Zenbase continues to be the leader in flexible rent payments across Canada empowering residents to split their monthly rent into two, stress free payments while building their credit. This combination creates a powerful financial tool that supports the ESG initiatives of multifamily owners and operators like VIDA.
Hugh Goodday, VIDA’s Chief Growth Officer said: “Zenbase has an impressive model that is perfectly aligned with VIDA’s objective of enhancing our residents’ financial wellbeing. We have received a wave of positive feedback since launching the program. Flexible rent payments that enable easier budgeting and decreased financial stress on the 1st of the month? What’s not to like! Simple, convenient and responsible.”
Koray Can Oztekin, CEO and Founder of Zenbase, said: “VIDA is an industry leader in their commitment to improve the financial position of their residents. We’re proud to partner with them to help their communities better manage household expenses. They have embraced our solution to empower their residents to make budgeting easier with increased cash flow for other expenses between paychecks while never having to worry about paying their full rent on the 1st of the month.”
About Zenbase
Zenbase, a leader in flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the 1st of the month but that doesn’t align with most people’s bi-monthly pay cycle. We’ve fixed that misalignment and provide other financial tools to help level the playing field. Learn more: https://myzenbase.com/
About VIDAVIDA’s mission is to revolutionize affordable communities around the world by providing socially responsible rental housing founded on four pillars: safety & security, cleanliness, opportunity and community. VIDA’s residents enjoy dignified rental accommodation that they are proud to call “home” and that helps them get ahead in life. Learn more: https://www.vidaliving.ca
Calgary, AB – Zenbase has partnered with Mainstreet Equity (TSX: MEQ) to offer flexible rent payment options to all residents across its over 16,500 units across British Columbia, Alberta, Manitoba, and Saskatchewan. Zenbase is a leading provider of flexible rent payments, and their personal budgeting tool allows residents to split their monthly rent into two payments. This allows Mainstreet to offer even more value to their residents while reducing residents’ financial stress.
Trina Cui, CFO of Mainstreet Equity said: “Zenbase has delivered an easy-to-use and convenient payment option that has proven to be valuable for our residents, helping to relieve financial pressures by splitting rent payments throughout the month. Our residents are important to us, so Mainstreet will continue to explore innovative means to support the communities we serve and improve the housing affordability experience for our residents.”
Koray Can Oztekin, CEO and Founder of Zenbase, said: “We collaborate with like-minded companies who want to improve the financial health of their residents by offering our powerful budgeting tool. Mainstreet has embraced our solution to empower their residents to make budgeting easier with increased cash flow for other expenses between paychecks while never having to worry about paying their full rent on the 1st of the month.”
About Zenbase
Zenbase, a leader in flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the 1st of the month but that doesn’t align with most people’s bi-monthly pay cycle. We’ve fixed that misalignment and provide other financial tools to help level the playing field. Learn more: https://myzenbase.com/
About Mainstreet
Mainstreet is publicly traded on the Toronto Stock Exchange (TSX: MEQ). As at Q4 2022, assets were valued at CDN $2.9B. Since going public, Mainstreet has continued to grow its assets organically; its double-digit compounded annual growth continues today. Current holdings consist of over 16,500 apartments across western Canada (BC, AB, SK, MB). Along with this healthy balance sheet success, Mainstreet is a proud champion of affordable housing. Learn more: https://www.mainst.biz
Calgary, AB – Zenbase, a leader in flexible rent payments, today announced that it has partnered with Laebon Rental Communities, a premiere rental company, to offer flexible rent payments to its nearly 1,000 luxury rental homes in Central Alberta.
Zenbase enables the most flexible rent payments for Canadians by allowing residents to split their rent into two stress free payments and improve their cash flow. Residents can also budget more easily and avoid late fees which improves overall satisfaction and retention.
Koray Can Oztekin, CEO and Founder of Zenbase, said: “Zenbase aims to build partnerships with like-minded property management companies who are committed to improving the financial health of their residents while striving to get paid on time. Laebon Rental Communities saw an opportunity to deliver rent day bliss with a new level of rent payment flexibility and a meaningful reduction in financial related stress through improved budgeting. We look forward to continuing to offer flexibility and peace of mind to more of Laebon’s residents every first of the month.”
Matthew Lavergne, General Manager of Laebon Rental Communities said: “Laebon Rental Communities is always looking to add value for our residents. We offer such amenities as free coffee stations in our lobbies, community gardens, fitness centres and now flexible rent payments. Our goal is to provide a quality of life that is unmatched anywhere else in Central Alberta. We are proud to partner with Zenbase to offer more financial freedom for our residents which we hope in turn will improve their quality and way of life.”
About Zenbase
Zenbase, a leader in flexible rent payments, is committed to economic inclusion that fosters financial empowerment for renters. Our solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the 1st of the month but that doesn’t align with most people’s bi-monthly pay cycle. We’ve fixed that misalignment and provide other financial tools to help level the playing field. Learn more: https://myzenbase.com/
About Laebon Rental Communities
Laebon Rental Communities (LRC) provides tenants with safe, affordable, and well-maintained rental buildings throughout Red Deer, Sylvan Lake, Lacombe, and Penhold. When renting with Laebon you know you are renting with a name you can trust. The Laebon name has been known for their high standards and their commitment to quality craftsmanship, design, and innovation in Central Alberta since 1976.
LRC is committed to providing residents with not only the best quality in housing but an enhanced level of community. Each Laebon Rental Community is essentially a community within its-self. LRC holds social events, creates interactions between residents and staff, and always provides open lines of communication.
LRC strives to provide Albertans with a high standard of living and a place they are proud to call home. Learn more: https://laebonrentalcommunities.com
Times are changing, and the ways we pay are no exception. Consumers are demanding — and being offered — flexible payment options across the board and the property management business, an industry that’s been historically slow to embrace technology, is being left behind. Coupled with our current economic climate, this presents an opportunity.
The world today is not the same place it was even two years ago. The pandemic has changed consumer preferences and for many of us, our fortunes as well. In May 2022, the inflation rate in Canada reached a 33-year high, at 7.7 per cent while wages have only grown by roughly three percent in the past year. Coupled with a rise in interest rates, consumers are paying more for everything. With day-to-day essentials, like food, gas, and rent becoming more costly it’s no surprise people are looking for ways to make their money last the whole month.
The current environment has resulted in solutions like “buy now, pay later” or BNPL payment plans that offer greater financial flexibility for consumers. And BNPL is being applied to the housing industry to manage rents, too — a Motley Fool survey suggests over half of renters would “probably” or “definitely” pay more for flexible payment options in a rental property. This move towards flexible payments, which allows consumers to split their rent up into smaller installments throughout the month, is part of a growing demand for enhanced services, including digital rent payments, according to a report from insurance company Entrata.
Flexible Payments to Support Improved Financial Health
Flexible payment options benefit both property owners and renters. Renters have the ability to break up their rent payment into smaller installments, while property owners can maintain more reliable collections and better renter retention. The financial wellbeing index from LifeWorks, released in October 2021, suggests that almost 30 per cent of Canadians live paycheck to paycheck, and roughly 26 per cent say they can’t come up with $2,000 in an emergency if they needed to. Giving renters a flexible solution to pay their rent, even if faced with a sudden financial emergency, can help them avoid late payment fees, which can add up to $150 a month on a $1,200 rent. It also helps renters avoid the financial stress of falling behind.
Avenue Living Communities + Zenbase: A Benefit for All Residents
For Avenue Living Communities (ALC), a partnership with Zenbase is just another way to enhance the resident experience and provide exceptional customer service. ALC is focused on providing top-quality management to its residents across the Prairies, and offering a flexible payment service has been a key differentiator. For a small fee, Avenue Living Communities residents can use Zenbase to split their rent into two payments, dividing their rent to match their pay schedule. Zenbase covers the monthly rent up-front, and residents have an extended window to pay it back in full and avoid the service fee. Zenbase also offers a $100 cash advance, to provide support with groceries or other expenses on months when budgets are tight. “Splitting your rent into two payments is awesome,” writes Diane in a Zenbase Google review. “You don’t feel stranded at the end of the month.”
A Win-Win
“Rent is due on the first” is one of the last, albeit stubborn, remnants of the past, and we may be seeing the beginning of its extinction. Avenue Living Communities, in partnering with Zenbase, is offering their residents flexibility, freedom of choice, and another way to take control of their finances. We all deserve options, whether we rent or own our homes, and flexible rent payment services like Zenbase provide property managers with the technology to make those options a reality.
Learn more about Zenbase, and how we can help property managers offer exceptional customer service.