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Why Landlords Should Report Rent Payments to Credit Bureaus
FrontLobby
Updated March 18, 2024
One of the most crucial elements towards building a good Landlord-Tenant relationship is the clear understanding of maintenance responsibilities.
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Latest Articles
How to Integrate Rent Reporting into Your Property Management System Seamlessly
Property Management is a continuous state of evolution. For that reason, remaining at the forefront of the industry is the key to success. One of the most advantageous aspects of doing so is adapting Rent Reporting into your business operations.
How On-Time Rent Payments Can Increase Tenant Credit Scores
Strong credit scores unlock many of life’s major financial milestones—purchasing a first home, securing car or student loans, and financing a business.
The Rise of Rental Payment Plans and What Housing Providers Need to Know
Rental payment plans are becoming a key trend in the housing market, making it easier for both Renters and Housing Providers to navigate financial challenges. These plans offer a practical solution for late rent payments and help in maintaining consistent cash flow for those managing rental properties.
Guide to Free Rent Reporting for Housing Providers
In the dynamic landscape of property management, staying ahead often requires innovative strategies. One such avenue gaining momentum is Rent Reporting to Credit Bureaus. Not only does this practice benefit Tenants by helping them build credit, but it can also prove to be a lucrative venture for Landlords and Property Managers.
Can Landlords Send a Tenant to a Rent Collection Agency (LP)?
When rent is unpaid, Housing Providers can be uncertain about the appropriate steps to take within the bounds of US law. Luckily, there are lawful routes for Landlords and Property Managers to reclaim unpaid rent, and one such avenue involves a rent collection agency.
Housing Provider Guide: Report Rent Payments to Credit Bureaus (LP)
Rent reporting to credit bureaus is one of the easiest ways for Landlords to reduce income loss and reward their responsible Tenants with good credit. Landlords can lower payment delinquencies by 36%, while Tenants have reported bumps of more than 40 points in their credit score in a matter of months.
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