THE KEY TO FEWER LATE PAYMENTS AND MORE RELIABLE TENANTS What if tenants had a real financial reason to pay on time? That’s exactly what rent reporting accomplishes. By reporting rent payments to major credit bureaus, landlords make rent a factor in a tenant’s credit history, just like a credit card, mortgage or car loan payment. Here’s why it works:
Over 80% of renters want rent payments reported to credit bureaus because it helps build credit.
73% of renters say they would prioritize paying rent on time if they knew it was being reported.
Landlords who use rent reporting see fewer late payments. FrontLobby members have reported a 92% reduction in delinquencies.
THE WIN-WIN: BENEFITS FOR LANDLORDS AND TENANTS Rent reporting creates a win-win scenario by benefiting both landlords and tenants.
Fewer late payments: When rent impacts credit, tenants are more likely to pay on time, thus reducing stress and lost income for landlords. Attracts responsible renters: Tenants who care about their credit are more reliable and less likely to default. Lower eviction rates: More on time payments mean fewer evictions, helping landlords save thousands in legal fees and turnover costs. Tenants build credit: Rent is a major expense, yet it rarely impacts credit. Rent reporting turns on-time payments into a credit-building tool, helping renters secure better loans and housing.
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