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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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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.
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.
Does Paying Rent in the US Build Credit?
Many Renters may be unaware that paying rent can help build their credit score. With the rise of rent reporting services, like FrontLobby, responsible Renters are now able to build their credit through timely rent payments, giving them the boost, they deserve.
Notice To Applicant: Disclosure to Credit Bureaus
Most Landlords and Housing Providers use standard lease agreements for their properties. These leases can be dictated by local laws, but often include similar provisions. In many cases, the lessee or Tenant is responsible for paying rent and utilities, maintaining the property, and following any other rules set forth in the lease agreement.
How to Find Good Tenants
Finding good tenants is not an easy task. These tips from a landlord’s perspective provide higher chances for success in renting out your property!
10 Rental Documents Every Landlord Needs
Landlords are often busy people. The list of things a Landlord is responsible for includes but is not limited to, collecting rent, maintaining the property, and communicating with Tenants.
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