Help Tenants Build Credit & Improve Your Cash Flow
As a standalone service and fully integrated with Yardi Voyager, the rLandlord rental reporting platform automatically reports tenant payment history to the credit bureau every monthly. When rent is paid on time, tenants build positive credit. If payments are made late, their credit is negatively affected.
Jan 2015 | Dec 2014 | Nov 2014 | 3 Mo | 6 Mo | 1 Yr | |
---|---|---|---|---|---|---|
Industrial | 7.20 | 7.55 | 7.49 | 7.69 | 7.89 | 10.59 |
Lodging | 4.40 | 4.77 | 4.97 | 5.35 | 5.19 | 7.35 |
Multifamily | 8.81 | 8.85 | 8.83 | 9.80 | 9.24 | 10.67 |
Office | 6.18 | 6.08 | 6.21 | 6.48 | 6.52 | 7.80 |
Retail | 5.60 | 5.66 | 5.67 | 5.88 | 5.53 | 6.13 |
Source: Trepp, LLC |
Reduce Bad Debt and Avoid Debt Ending in Collections
As management companies require that applicants satisfy negative rental accounts, prior to be considered for rental, with rPay Rental Reporting, management now has the ability to report the skip and outstanding balance, nearly in real-time! When the tenant applies at another community - even the next day - the prospective landlord will already see the negative rental information and outstanding balance!
Contact us today to learn more.