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.
The ability for Landlords to report Tenant rent payments to credit bureaus is relatively new. But it is one that is making waves across the country as Landlords seek to attract Tenants with histories of timely payments and avoiding those who have long lines of late payments, delinquencies, and even evictions in their past.
When a rental unit becomes vacant, a landlord or property manager needs to fill it with new occupants who will pay their rent on time every month and leave the property in excellent shape. To find tenants, property owners and managers may be inclined to run an ad, see who turns up to visit, and go with their intuition.
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.
FrontLobby Strives for Responsible Innovation Empowering Landlords to Run More Successful Business and Tenants to Earn the Credit They Deserve Facebook Twitter Linkedin Link FrontLobby will continue to provide the business services Landlords need to reduce income loss and reward their responsible Tenants with good credit. Moving forward Landlord Credit Bureau will only represent the …