Does your paycheck come in after rent is due? Ever wish you could spread your rent payments throughout the month to better fit your budget?
We hear you! Here at Blue Horizon Management Company, we're excited to announce our new Flexible Rent program: we have launched our new Flexible Rent program, a new payment option designed to make paying rent easier and more convenient.
What is Flexible Rent?
Flexible Rent allows our rental tenants the option to spread their monthly rent payment into smaller, more manageable installments that fit their schedule and budget. This new feature ensures that while you pay rent in a way that works best for you, both Blue Horizon and the homeowner still receives your full rent amount on time.
Key Features of Flexible Rent:
🗓️Customizable Payment Plans: Choose a payment structure that aligns with your financial situation. Pay rent in a way that works for you and your budget, while freeing up cash for other expenses.
🚀Easy Sign-Up: Seamlessly apply for Flexible Rent through your Online Portal.
💲Avoid Late Fees: Focus on managing your cash flow without the worry of large late fees. While there are minimal installment charges to cover this service, these charges are cheaper than receiving a large late fee.
How to Apply for Flexible Rent
Getting started in simple!
Log into your Online Portal.
Select “Learn More” about Flexible Rent.
Follow the prompts to apply.
Frequently Asked Questions
Who is eligible?
Only rental tenants with a total monthly rent at or below $3,500 are eligible for this service. Sorry, our HOA homeowners are not eligible for flex payments for their monthly Assessments at this time.
Is my credit checked with this service?
A soft credit check will be run when obtaining a quote, which generally does not impact a credit score.
A hard credit check will be run when accepting the offer, which may impact credit score.
How much does this cost?
The tenant charge for this service typically ranges from $10-30 per month, depending on your rent amount and credit score. There may also be a one-time enrollment fee.
Which rent charges are eligible/included in the payment installments?
All recurring charges are included, in full (you cannot setup installments for partial/split amounts). Security Deposits and one-time charges are not eligible for this service.
Who on my lease can apply for this service?
Any one legal tenant may apply for this service on behalf of the entire unit.
When does the Blue Horizon Management receive my rent?
Even though this program allows you to pay rent in installments throughout each month, Blue Horizon Management will receive your full rent amount on the 1st of the month so you don't incur any late fees. The nominal cost charged for this program covers banking fees involved with fronting the money owed to the property manager on the 1st of the month, while allowing you to pay rent in installments.
What happens if I do not get approved?
You will receive a soft decline message. Then, in compliance with the FCRA and ECOA, you will receive an adverse action notice sent via email.
How do I cancel the Flexible Rent service?
You can easily cancel the same way you signed up: via your Online Portal.
We believe Flexible Rent will provide a significant benefit to our tenants by offering more flexibility in how they manage their finances. For any questions or further assistance, feel free to reach out to our support team. Thank you for being a valued member of the Blue Horizon community!