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Credit (by Sammy [IN]) Apr 16, 2018 8:44 AM
       Credit (by LisaFL [FL]) Apr 16, 2018 8:55 AM
       Credit (by Ken [NY]) Apr 16, 2018 9:33 AM
       Credit (by Jason [VA]) Apr 16, 2018 10:15 AM
       Credit (by myob [GA]) Apr 16, 2018 10:55 AM
       Credit (by Vee [OH]) Apr 16, 2018 11:39 AM
       Credit (by Pmh [TX]) Apr 16, 2018 3:02 PM
       Credit (by Jeffrey [VA]) Apr 16, 2018 4:20 PM

Credit (by Sammy [IN]) Posted on: Apr 16, 2018 8:44 AM
Message:

I was just wondering how as a landlord I could help my tenants show their rent on their credit.. anyone use any programs? Or how could I go about doing that any advice is appreciated! thanks --108.220.xxx.xx



Credit (by LisaFL [FL]) Posted on: Apr 16, 2018 8:55 AM
Message:

Collect rent via automatic draft using Clearnow. They will report to the credit bureau if tenant requests it. --75.89.xx.xxx



Credit (by Ken [NY]) Posted on: Apr 16, 2018 9:33 AM
Message:

Why? then it will just help them buy a house and you loose a good tenant --72.231.xxx.xxx



Credit (by Jason [VA]) Posted on: Apr 16, 2018 10:15 AM
Message:

+1 for Clearnow. I'm all for paying it forward by allowing their timely payments to be reflected on their credit scores. --170.224.xx.x



Credit (by myob [GA]) Posted on: Apr 16, 2018 10:55 AM
Message:

you have in essence given them a clear record with you- by not filing non payment of rent against them with the court.

I can't get my head around this question-- from LL's. Why would you place yourself in the line of fire reporting credit history? What is your purpose for helping a tenant in this manner? Please let us know? --99.103.xxx.xxx



Credit (by Vee [OH]) Posted on: Apr 16, 2018 11:39 AM
Message:

The landlord does not really pay for this, kinda like buying a 6pak of bottled gatorade - the carrier comes with it but if you have to peel them out to fit your cooler you still pay for the plastic carrier. --76.188.xxx.xx



Credit (by Pmh [TX]) Posted on: Apr 16, 2018 3:02 PM
Message:

You are short sighted Ken. help them move on. I don’t worry about renters leaving me bc they can now buy. I look at it that I helped them move on in life & they will refer replacement renters......

--104.218.xxx.xx



Credit (by Jeffrey [VA]) Posted on: Apr 16, 2018 4:20 PM
Message:

Ken, you've responded to a similar question with the same response more than once and I've shared my thoughts which I'm glad to do again.

Couple of notes regarding a good resident who is probably looking to buy a house in the future and asking how can their rent payments be reported.

These are the type pf residents who are most likely willing to pay a few dollars extra to participate in a program which will report the payments, therefore not costing the landlord any extra money.

A resident who wants their payments reported are also far more likely to make sure their rent payments are made on time during the time they do reside in your property, so that their payments will indeed help their credit instead of hurting it.

A good resident who is looking to buy a house will only be with you as a resident for a limited number of years, whether the payments are reported or not. Just as well make it as much a win-win relationship during the tenancy as you can. And as you look to help them, the odds are far greater they will help in referring another good resident when they do move and leave your property in excellent condition on the way out.

My experience of those utilizing the Clearnow method of paying and rent reporting when they finish their rental term have returned the property in great condition. I have several residents paying rent automatically each month using the service that I never worry if rent is going to be paid.

Sammy, if you want more info, check out the sponsor on our site which provides the rent reporting service to the credit bureau - DirectRentDeposits.com

--100.4.xx.xxx



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