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.
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.
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.
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.
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.
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.
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.
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!
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.
Landlords filling vacancies sometimes wonder where they can find a “Bad Tenant List.” This is also known as a Tenant blacklist or a “do-not-rent-to” list.
Enter your email below and we will send you a free copy of our Notice to Applicant.
