Is my rent reported to credit bureaus?

By |2024-02-13T18:06:41+00:00February 13th, 2024|

Through the Innago app, members can opt in to have their rent payment reported to TransUnion for free. This is a good way to help improve your credit score. Innago is further exploring partnership with [...]

How much is the rent rebate?

By |2024-02-13T18:04:59+00:00February 13th, 2024|

The rent rebate is based on the member's total Phantom Equity Units and net rent. Net rent is based on full rent payment minus option credit and any expenses for the property, such as HOA, [...]

When is my rent late?

By |2024-02-13T18:03:25+00:00February 13th, 2024|

Rent is considered late two weeks after the first day of the month. A late fee is assessed on the remaining rent amount. If rent is late, the member is not eligible to receive any [...]

When is rent due?

By |2024-02-13T18:02:53+00:00February 13th, 2024|

Rent is due on the 1st of the month. The first month rent is due prior to move-in and is prorated if move-in date is not on the 1st of that month.

Can I pay rent with equity?

By |2024-02-13T18:01:56+00:00February 13th, 2024|

Yes, but Upwardly strongly discourages our members from using this option as they will lose out on future rent rebates and a larger share of the home’s appreciation. Please, consult with an Upwardly advisor to [...]

Can I pay my rent via credit card?

By |2024-02-13T18:01:14+00:00February 13th, 2024|

Members can pay rent with a credit card via Innago. However, Innago will tack on a 2.75% fee that the member is responsible for. Upwardly strongly discourages paying rent by credit card. Upwardly’s recommendation is [...]

How do I pay my rent?

By |2024-02-13T18:00:32+00:00February 13th, 2024|

Members pay their rent through the Innago app. The app is free to use. Add your bank account to your Innago account and your rent will be automatically deducted from your bank account. There is [...]

How much is rent?

By |2024-02-13T17:59:34+00:00February 13th, 2024|

Rent is dependent on various factors, such as the initial purchase price, the home’s condition, HOA, etc. Upwardly will provide an estimated rent schedule prior to making an offer on the home. The rent schedule [...]

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