The COVID-19 pandemic has wreaked havoc on our global economies. Some populations, though, including renters, have been particularly hard-hit. TransUnion recently conducted an intensive analysis to better understand the impact of shutdowns, illness, and quarantines on the financial health of renters. The results, published in June 2020, offer valuable insight […]
Here’s Why You Should Report Your Millennial Renters to the Four Credit Bureaus
October 3, 2019 By Leave a Comment
If you’re a rental property manager, chances are you have a significant number of millennial renters. More millennials, the generation born from 1981 to 1996, are choosing to rent apartments and homes instead of buying. In fact, more than 82% of millennials believe paying rent is cheaper than a mortgage […]
Part One: Reporting Tenants to the Credit Bureaus
September 17, 2018 By Leave a Comment
An unfortunate reality of property management is the inevitability of dealing with slow-pay and no-pay tenants. Even though a tenant may pass your initial creditworthiness processes at application time, it’s impossible to predict if circumstances or intentions will change and the tenant will become a problem payor. When that happens, […]
Reporting Evictions: Are There Long-Term Effects?
August 31, 2018 By Leave a Comment
Have you ever considered reporting evictions to the four major credit bureaus? It’s not as difficult as you think, especially with the help of a credit reporting service. But first, it’s important to understand the credit-related effects of reporting evictions. One of the questions consumers are most curious about is […]
Can a Landlord Report Late Rent Payments to the Credit Bureaus?
April 20, 2018 By Leave a Comment
Rent, exactly as with any other bill, has to be paid on time. In the event you do not pay your rent or if you’re late with your payments, did you know your landlord has the option to report late rent payments to the credit bureaus? And that could hurt […]