Property managers and renters are set to benefit from the latest acquisition by the AI-enabled software platform RealPage, as it announces a new Livble integration to enable residents to split rent payments in a flexible, transparent and convenient way.
Livble, a flexible payment solution for the multifamily industry, will be integrated into RealPage‘s LOFT platform, the multifamily resident experience, as well as its all-in-one property management software for mixed portfolio and HOA managers, Buildium.
“This strategic acquisition underscores RealPage’s commitment to enhancing the resident experience,” said Dana Jones, CEO and president, RealPage. “Offering more financial flexibility for renters while enabling our customers to operate more efficiently is exactly the type of innovation we strive to deliver at RealPage.
“Integrating Livble builds on the remarkable momentum we’ve achieved with LOFT in such a short period, and we’re equally excited to bring this powerful solution to our Buildium customers.”
The Livble acquisition marks the next step in LOFT’s evolution as it will provide residents with greater payment flexibility, supporting their ability to build financial wellness. Over three million units already use LOFT, the new addition will only increase the uptake of the app, which brings leasing, moving, payments and rewards together, removing the need for multiple third-party vendors.
“RealPage and Livble have a shared vision to redefine the rent payment experience. By joining forces, we will accelerate the adoption of flexible payment options at scale for both property managers and residents,” said Josh Ehrlich, co-founder and CEO, Livble. “We’re incredibly proud of what we’ve built, and this acquisition is a powerful validation of our vision and innovation. Together, we’ll accelerate our mission to make financial wellness a reality for millions of renters. We are just getting started.”
Payments on residents’ terms
With the Livble solution, qualified residents can pay rent on their terms, splitting payments into up to four instalments per month to better align with their cash flow. In return, property managers benefit from guaranteed on-time rent, real-time ledger reporting, and enhanced financial visibility. RealPage assumes 100 per cent of the non-payment risk and manages all collections, reducing administrative burden and enabling property teams to focus on higher-value activities that enhance the resident experience.
