RentTrack has a turnkey process for property managers to offer the reporting of rent payments for the benefit of their tenants to all major credit bureaus (Equifax, Experian, and TransUnion). This is without having to change any processes that you have currently, includes an ongoing monthly revenue stream and we handle all marketing, compliance and customer service.
RentTrack's Report Only will
increase the timeliness of payments, reduced delinquencies, reduce skips, attract and retain better residents. Here are just a few of the reasons why companies such as Pinnacle, Campus Advantage, and Olen Living have chosen to use RentTrack:
Property Managers:
- No setup or need to change anything that you are currently doing for payments
- RentTrack is both a Data Furnisher & Credit Reporting Agency – our staff is FCRA certified we handle all customer service
- Monthly revenue stream to Property Managers
- TurnKey custom marketing campaigns
- Report unpaid balances to the bureaus at the end of a lease, an additional tool for collecting monies from tenants
- Attract and retain better tenants - A valuable leasing incentive that reduces turnover at properties.
- Reduce payment delinquencies & Skips - Tenants see that rent affects their credit
- Tenants see Rent Reporting as an asset, 51% of surveyed renters would be more likely to choose a property if their payments are reported
Tenants:
- Rent reported to all major credit bureaus- just like a mortgage payment
- Monthly updated credit score & summary of their credit accounts which includes total accounts, credit used, potential negative marks
- Credit Monitoring - tenants would have the ability to monitor key changes to tenants credit file and alert them to help detect fraud.
- Would have the ability to report up to 24 months of previous rent payments
- Average 51 point increase to your tenant's credit score.
If you like more information in regards to RentTrack's Report Only service please let me know.
Best Regards,
Jethro Acosta
This email address is being protected from spambots. You need JavaScript enabled to view it.
w. 805-303-5700
RentTrack.com
