Split Your Rent Payment With FLEX

 

Flex gives you the flexibility to pay rent on a schedule  that works better for your monthly budget. 

Flex can help you: 

1. Pay rent on time. 

By splitting your rent into two payments,  you pay on time on your schedule.  

2. Improve cash flow. 

Flex allows you to pay over the month,  better aligning your rent and finances. 

3. Build your credit history. 

Every payment establishes your payment  history, helping you build your future. 

Join hundreds of  

thousands of renters  across the country  finding more financial  flexibility with Flex. 

Sign up 

for Flex by  

scanning 

the QR code 

or visit getflex.com to learn more

FAQ 

Your questions,  our answers. 

How late can a resident sign up for Flex & still have their rent covered? 

Residents who are approved by 5:00 pm ET on the 3rd of the month will be eligible for Flex rent payment for that  month. If a resident signs up after the 3rd, they will be enrolled for the following month.  

For example, if a resident signs up by 5pm ET on June 3rd, they will be eligible to pay June rent via Flex. If they sign up  on June 4th, they will be able to start paying rent through Flex in July. 

When does Flex make rent payments for residents? 

Flex covers the rent for residents between the last day of the prior month through the first 5 days of the month. For  certain special circumstances, Flex will pay on the 4th and 5th. 

How much does Flex charge the resident? 

Flex charges a flat monthly membership fee. The Blue Ridge Bank Flex Credit Line has 0% APR, no interest charge, no  late fees, or penalty fees. 

Flex offers various pricing options, based on the partners needs for their specific residents. Reach out to your Flex  contact for your portfolio’s pricing. 

What are the resident qualifications to use Flex? 

To be eligible, residents must:  

• Have no outstanding rent balance. 
• Have a minimum credit score. 
• Have a valid debit card that has a history of deposits (no pre-paid cards). 
• Be a current resident at a property that uses an active resident portal for rent payments.  
• Must have funds in their account to cover the first installment payment before the 5th of the month. 

Does Flex affect a resident’s credit score? 

During the application process, Flex runs a soft credit check on the resident which does not affect their credit score.  As residents use Flex over time, their on-time payments may help build credit history.

What happens if a resident doesn’t pay Flex back? 

Flex takes charge of all customer repayment issues internally, including write-offs. For late repayments, Flex works  with residents to develop payment plans to help them get back on track. 

While Flex does not continue to offer  its services to users who have a past due balance when rent is due, users that repay their balance may be eligible  to re-enroll. Residents whose repayment is past due more than 60 days will be reported as delinquent to the  credit bureau.  

Flex processes all customer repayments and write-offs internally, never coming back to the property for  repayment. However, residents can be put on payment plans to help them get back on track. Once the resident  has zeroed out their balance, they will be eligible to reactivate with Flex. 

Is there any reason rent would not be paid after a resident is approved?

There are a few reasons why rent may not be covered for residents that are approved. 

• Rent will not be paid for residents with insufficient funds to pay the initial payment. In order to process  the payment, Flex requires residents to pay an initial payment of 50% of the rent balance.
• The resident has an existing balance with Flex past due from previous months. 
• ACH is disabled on their account by the property and was not enabled by the 5th of the month.

How do residents contact Flex with questions? 

Residents can contact customer support directly within the app or by sending an email to help@getflex.com. 

What does a resident need to do if they no longer want to use Flex? 

Residents can easily cancel their account in the Flex app. They can also reach out to our support team by  emailing help@getflex.com. If they would like to reactivate their account at any point in the future, they can  contact our support team. 

Lucky Communities partnered with Flex, a simple app that pays resident's rent on the due date - first day of the month and let the residents pay it back over the rest of the month.

To sign up and get more information, visit GetFlex.com

Resident qualifications to use Flex:

• Have no outstanding rent balance
• Have a minimum credit score
• Have a valid debit card that has a history of deposits (No pre-paid)
• Be a current resident at a property that uses an active resident portal for rent payments
• Must have funds in their account to cover the first installment payment before the 5th of the month

How to set up Flex account:

1. Download the Flex app or go to onboarding.getflex.com

2. Enter your mobile number and the 4 digit code texted to you

3. Enter your first name, last name, and email

4. Type in your address and search for your property (mobile home park)

5. Enter the username and password you use for your resident portal

6. Enter the estimated monthly cost of rent and utilities

7. Link your primary bank account

8. Confirm your date of birth and SSN (this is only a soft credit check)

9. Confirm your Flex payment schedule and details

Sign up for Flex by scanning the QR code 

or visit getflex.com to learn more