Timely payments on a mortgage are reported to the cedit bureaus and can be one of the simplest ways to build great credit. Why shouldn't timely rental payments provide that same boost? With Rent Reporting by TenantProtect, your landlord can submit your rent payments to the credit reporting agencies and help build your score and give a more accurate representation of your credit history as a renter.
A light credentials verification is required for the landlord. They will need to be ready to provide:
Proof of ownership/right to rent
Proof of a signed lease between landlord and tenant
Amount of rent expected
When rent is due
The landlord will not have to have a site visit, but they will need to provide confirmation that the information that they are providing is accurate. There is no monetary cost to the landlord.
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