No worries. With StreetCred, the amount of rent you charge, the length of the agreement you’re signing with the tenants, and the quality of tenants do not change. When your residents sign up with Poplar Homes (formerly Onerent), they only make an agreement with Poplar Homes that we will credit them 20% of the value of the rent they spend at your home towards a future home purchase if they buy a home through Poplar Homes. We are calling this credit “Poplar StreetCred”.
It is likely that they will opt to rent your property for longer given they can earn the 20% credit only from a Poplar home. Furthermore, because we are reporting rent payment history to the credit bureaus for your tenants, they are incentivized to make on time monthly payments and take better care of the home knowing that we will be assisting them later down the line with a mortgage and in qualifying to buy a home.