Managing rental properties can be profitable if you’re able to manage your cash flow and collect rent payments on time, every month. And one of the key factors to managing your cash flow is collecting timely rent payment.
So, if you want to encourage your tenants to pay their rent on time each month, then help them nurture their credit score by working with them to report their on time payments to the credit bureaus. By doing this, your tenants have an incentive to pay on time, as their credit score can increase with a history of timely payments. It’s a win-win for both the landlord and tenant.
And if you’re a landlord, RentReporters can help you find and keep the best tenants. With our partnership with TransUnion SmartMove, you can easily access comprehensive information on your applicants’ backgrounds to help you make that critical decision about who to rent to and who to decline.