Building Financial Literacy

  Liberty Rent Guarantee partners Johnny Mims, Bubba Grimsley, and Sharp Gillespy

Liberty Rent Guarantee Partners with GreenPath

FAIRHOPE, AL (December 18, 2017) – Liberty Rent Guarantee, a cosigner for potential residents of multi-family properties who have less-than-perfect credit, is proud to announce that it is partnering with GreenPath, Inc., a non-profit, financial wellness organization that has been empowering people to lead financially healthy lives since 1961.

“I’m very proud, in this season of giving, that Liberty Rent Guarantee was able to launch its latest initiative for tenants with less-than-perfect credit,” said Liberty Rent Guarantee CEO Bubba Grimsley. “It has always been part of our mission to reduce the risk in the multi-family rental space. Now, we take it a step further by partnering with GreenPath. Our strategic alliance with GreenPath will allow all of our residents the availability of live, online, and web-based assistance in all of their financial endeavors.”  

GreenPath is a Michigan-based 501c3 with a 50-year history of teaching financial literacy to consumers. It offers live, certified financial analysts who can help tenants during times of financial crisis. Liberty Rent Guarantee is on a mission to help build communities by reducing the risk of defaults in the multi-family market. The company is committed to helping its customers fill units at no risk and no cost to the property owners.

GreenPath has engaged in a deep re-think of its work in the last two years, looking for ways to radically change the culture around personal finances in America. The company helps to improve financial security for the 54 million American households that do not have three-months savings. GreenPath is exploring new ways of influencing and measuring financial health for families, as well as looking for innovative ways to partner with organizations.

Liberty Rent Guarantee is committed to increasing access to safe and affordable housing for economically vulnerable individuals and families. They do this every day through their primary service, the co-signed rental guarantee agreement. However, they recognize that there is a need for improved financial literacy and improved financial behaviors among their customers, as well as the broader population in America. The company is contributing a portion of its profits toward the development and deployment of financial wellness programs as a way to give back to its customers and the broader community.

GreenPath and Liberty Rent Guarantee recognize that there is clear mission alignment between the two organizations.

“GreenPath is a leader in intuitive mobile-based programs that help consumers manage and improve their credit,” Grimsley said. “Through improving financial literacy, Liberty Rent Guarantee and GreenPath continue to further our mission of reducing risk, and helping consumers. It’s a huge win for the multi-family industry and a huge win for the consumers. We are all in this together.”  

About Liberty Rent Guarantee

Liberty Rent Guarantee helps property owners fill units without risk of default, while simultaneously helping consumers find a good home and re-build their credit. Operating nationwide, Liberty Rent Guarantee has helped secure homes for thousands of families by serving as a limited co-signer on every lease it agrees to guarantee. To learn how it works, please visit www.libertyrent.com

Building Communities

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Liberty Rent Guarantee Dedicates Time and Resources to Local Charities

FAIRHOPE, AL (December 6, 2017) – Liberty Rent Guarantee, a cosigner for potential residents of multi-family properties who have less-than-perfect credit, is on a mission to help build communities by reducing the risk of defaults in the multi-family market.

And while the company is committed to helping its customers fill units at no risk and no cost to the property owners, its efforts extend far beyond regular business activity.

“When we started this company three years ago, we wanted to help people get into an apartment and rebuild their lives. We are having great success doing just that,” said Liberty Rent Guarantee CEO Bubba Grimsley. “But we don’t want to stop there. We are very involved in our communities and are dedicated to finding ways to make a significant and positive difference in the lives of others.”

Because of this commitment, Liberty Rent Guarantee is proud to have given time and financial support to these various philanthropic activities:

·      Prodisee Pantry is a non-profit community ministry providing emergency food and disaster relief. Families who are having trouble making ends meet are given food assistance and additional information from a caring listener about other programs that may help to make their lives more stable. The Pantry provides food to single parents, homeless people, retirees, families in transition, under-employed and unemployed households, grandparents raising grandchildren and others in need.  https://prodiseepantry.org

·       Secret Meals for Hungry Children – Many children in Alabama rely heavily on free and reduced breakfasts and lunches five days a week. However, the weekend creates a nutritional gap leaving many children hungry when they return to school on Monday. Secret Meals fills the gap these children experience by discretely slipping into their backpack, on Friday's, vitamin-fortified and nutritional meals. https://www.secretmeals.org

·      American Cancer Society - Breast Cancer Awareness Fund – Breakthrough research with various philanthropic efforts. Liberty Rent Guarantee supported this effort through the Levin Pappantonio law firm in Pensacola, FL. Breast Cancer Awareness

·      Covenant House New Orleans - Millions of kids suffer on the streets every day. For over 40 years, Covenant House has sheltered and cared for these young people – now standing as a powerful human rights movement for homeless and trafficked youth in 31 cities across 6 countries. Liberty Rent Guarantee sponsored the “big sleep out.” Covenant House New Orleans

·       Hatching Hope of Alabama - Hatching Hope of Alabama was Co-Founded by Keli Lynch-Wright and her son Ashton Wright to support Residents that have been displaced from their apartment homes due to fire or other disasters. Hatching Hope assists victims of disaster in the apartment industry by spreading the word and picking up and delivering donations to those affected. An outreach of the Alabama Apartment Association. http://hatchinghopeofalabama.org

·      MUST Ministries – A powerful, volunteer-driven organization, MUST addresses the basic needs of individuals, families, and children with facilities in the Cobb and Cherokee, GA counties with programs in numerous other counties. https://www.mustministries.org

·      Smile-A-Mile’s mission is to provide hope, healing of the spirit and love for the whole family during the childhood cancer journey. Through year-round meaningful and educational programming, Smile-A-Mile helps those in Alabama who are affected by childhood cancer thrive during treatment and the years beyond.  https://www.smileamile.com/

·      Bay Shore Charities, Inc. a 501(c) charitable organization was formed in 2016 to support children. Its goal is to assist organizations focused on the development of youth. Development includes physical, spiritual and educational activities. Bay Shore Charities

About Liberty Rent Guarantee

Liberty Rent Guarantee helps property owners fill units without risk of default, while simultaneously helping consumers find a good home and re-build their credit. Operating nationwide, Liberty Rent Guarantee has helped secure homes for thousands of families by serving as a limited co-signer on every lease it agrees to guarantee. To learn how it works, please visit www.libertyrent.com

Building Financial Literacy

By Bubba Grimsley, CEO, Liberty Rent Guarantee

A few weeks ago, one of my colleagues circulated a Ted Talk about “why” we do what we do. You can watch it here:

https://www.ted.com/talks/simon_sinek_how_great_leaders_inspire_action

After watching it, I began thinking about “why,” and it inspired me to write this blog.

A lot of people have asked us why we started Liberty Rent Guarantee. While I have discussed the way the company came about, I have never discussed WHY we came about. When I was first introduced to the concept of co-signing residential leases, it immediately struck me that this is a much needed product in the market because of my own personal experience early in life.

When I went off to college in the mid-1980s, I was a first generation college student.   No one in my family before me had attended college. My parents had little advice, except that I needed to go. Aside from college itself, the experience of being “on my own” was totally new to me, and I was not prepared for that either.

I recall my first credit card. Freshman year the credit card companies were all over campus, and they were pushing cards at anyone with a pulse. I had a pulse. I got a card. No explanations, no instruction manual—just a credit card. It was a gas card. I needed gas, right? Perfect. What could be better?

Little did I know, or understand, that the gas company wanted to be paid in full… every month. That wasn’t exactly my understanding, but I got the hang of that pretty quickly after some penalties and late fees that took my breath away.

My next experience was with an apartment. After a year of dorm living, two buddies and I decided we should get an apartment. I got to town before everyone else, and found us a very nice apartment. Not thinking about anything other than having a place to live, I signed a lease in my name only. The short story is that we got evicted before we ever moved in (another story for another time). The apartment manager was less than kind, and tried to keep our deposit for “damages.” As I said, we hadn’t even moved in yet, so I refused to pay the final bill. I felt that the actions of the apartment manager were less than fair, and I was basically going to thumb my nose at their nasty behavior.

Guess what happened next? They put a nasty little note on my credit report—one that basically said I was a bad dude and don’t rent to this guy because he owes us money. The apartment complex didn’t sue me to collect the money, so there was no chance to tell “my side of the story.” I just limped around for the next couple of years wondering why every time I tried to rent an apartment, the answer was NO.

Eventually, I went to work for a law firm, as a runner. I was in my senior year.   As it turned out, the firm represented the apartment complex. When I started talking to one of the attorneys in the firm, he walked me through credit, how it works, how it doesn’t, and how if you get “reported” life gets real hard. He helped me clean up my report, and start again.

After I finished law school, I found myself drawn more and more to doing consumer work, where I was helping clients who had problems similar to my own experience.   What I learned through the years is that there are a lot of people in this country that don’t understand how credit reporting works, and how it can affect their lives.

Liberty Rent Guarantee is not just a second chance for many people who find trouble renting a safe home in a neighborhood they want to live in. Liberty Rent Guarantee, I hope, is a second chance for people to hit the reset button on their credit life, and see if they can improve on it.

Through our relationships with Lexington Law (https://www.lexingtonlaw.com ), the Nations premiere credit repair law firm and GreenPath (http://www.greenpath.com ), the best 501©3 I have been able to find, we hope to teach our clients financial literacy. We believe that we are accomplishing our mission to help our people learn more about the wise use of credit.

I’m guessing that most people assume paying their rent on time helps them build credit? Not really. Most apartment communities do not report your “good payment history” as part of credit reporting. We are changing that. We are making strides in reporting your “good payments” of rent to the credit reporting agencies, so that by paying your rent on time, you help to build your credit. Reporting “good payments of rent” is not an industry standard. This is another change we hope to affect, for our clients.

My dream is that one day, we would teach everyone financial literacy and that kids going out on their own for the first time have a good financial foundation. Until that day arrives, I hope that Liberty Rent Guarantee is here, helping those who have fumbled through it the first time (like I did) and finding a way to rebound. We want to give a hand up, not a hand-out, to those who want to learn more about how finance works, and how it affects their lives.

September Events

Liberty Rent Guarantee will be hard at work during the month of September, covering key trade shows across the nation.  Please visit us and let us show you how it works! 

Alabama Apartment Association Show

Montgomery, Alabama

Sept. 14, 2017

 

Kansas City Apartment Association Show

Kansas City

Sept. 20, 2017

 

Upper State Apartment Association Show

Greenville, South Carolina

Sept. 26, 2017