Mini Lunch Break with Nesanel Gantz | Yidel Hoffman and Tzvi Goldring of Rent Tracker
Description
Chaim Yidel Hoffman and Tzvi Goldring of Rent Tracker Because a successful business isn’t just about what you know, it’s about who you know. If you’re going to start a revolution it might as well be a fast-moving one! According to business partners Chaim Yidel (sales) and Tzvi (CEO), that is. They’ve launched a revolutionary business idea (their words) and BH it’s taken off fast. They’re not surprised, though. Because good ideas almost sell themselves. And their idea is not just good, it’s great. Imagine being a property owner. Every month some tenants just don't pay the rent. It’s the single biggest monthly expense landlords face. Going through the courts to rectify this is a long, painful process. That’s where Rent Tracker comes in. Rent Tracker is a data furnisher, helping owners and managers report all tenant rent payments, paying and non-paying, to credit bureaus. The data shows up on their credit reports within 30 days affecting their chances of leasing a car, getting a credit card, or a mortgage. So tenants now have a lot to lose if they default. Chaim Yidel and Tzvi have only been in business for eighteen months but their service is wildly popular. They charge a small fee (per door) and that affordability is attractive to clients. The return is too- rent rolls typically go up by 25%-45% once they use Rent Tracker’s services. They're often asked for business advice for young entrepreneurs, but they’d instead rather give advice to people in their own age bracket- 40+. Don't be afraid to try an idea for something great- you just might start your own revolution!