Rent reporting is how we report tenants' on-time rental payments to credit bureaus. It can benefit everyone but is especially helpful for renters who need a credit history. It also allows them to build their credit history without taking on additional debt, for a low monthly cost!
Your tenants can opt into this subscription service at any time.
Benefits to Landlords
Not only can renters benefit from reporting their rent payments, but you can also. How exactly can you, their landlord, benefit from it? Here are just a few ways:
Reduce late rent payments by incentivizing on-time payments
Stand out from your competition so you can secure the best tenant possible
Contribute to a positive landlord-tenant relationship by helping your tenant reach their financial goals
The best part? We automatically offer this service to all tenants who use TurboTenant to pay their rent. You don't have any clicks, taps, or effort on your part. All your tenant has to do is subscribe from their end.
Help Your Tenants Access This Feature
To learn more about Rent Reporting and how your tenants can use this exclusive TurboTenant to their advantage, check out this Support Center article that walks them through the simple process and additional benefits.
You can also find more information about this service here.
FAQs (Frequently Asked Questions)
Does this report late or missed payments to the credit bureau? Late or missed payments are not reported to the credit bureaus. If you'd like to report your tenants late or missed payments, you'll need to contact a credit reporting agency. Check out our blog on How to Report Unpaid Rent to a Credit Bureau: A Landlord’s Guide for guidance!