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Ability to Report Past and Present ‘Bad Tenants’ to the National Credit Bureaus The threat of eviction by itself is not enough to control professional rent home tenants who know the law and understand the system. However, by adding the power to expose bad tenants “to the world”, landlords can double their power to prevent property damage, broken leases, and unpaid rent. Once the tenant has been reported to the national credit bureaus, there is no where to hide, because negative credit effects tenant housing, future credit and even employment for seven years. All professionally run retailers, banks and car dealers, utility companies and apartments have this power and it works. Sign up here to become
a member of the National Association of Independent Landlords to
report a delinquent tenant to the credit bureau, or call
us at 1-800-352-3395 for more information. |
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Monthly reporting is the preferred way to induce monthly payments. Why? Constant surveillance. During a typical year your tenant may apply for credit 3 times. Waiting until the end of the lease to report allows too much leeway. All major creditors, banks, retailers and over 1,392,000 businesses nationwide report monthly. Many of these Fortune 500 companies make billions annually, yet they will report a $5 debt as fast as a $500 car payment. When money gets tight, your tenant will pay the creditors that report on a monthly basis first. Your rent is the highest monthly payment your tenant has. So, report monthly and get first in line to get paid.
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