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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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How Can a Landlord Report Tenant Rent Payments to Credit Bureaus

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Landlord hand on mouse looking at guide to free rent reporting on FrontLobby.

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.

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FrontLobby - Why Landlords should report rent

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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Can Landlords Send a Tenant to a Rent Collection Agency?

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.

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The Benefits of Rent Reporting for Housing Providers and Renters

In the dynamic world of property rental, Housing Providers and Renters often operate with seemingly divergent interests. Housing Providers want reliable Renters who pay their rent on time and take care of their property, while Renters need a good credit score to secure quality housing and other financial benefits.

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