Since 2011 rental property has become much more important. A greater segment of the population now rents homes, apartments, condos and more. Not only is this an historic change of impressive proportion, the economy seems to be rapidly advancing toward even more demand for rental housing.
But the renting game can be tricky in this environment. Did you know if your a Landlord of a 100 units or less the credit beaus will not receive your report:
“The three major credit bureaus, Experian, Equifax and TransUnion, allow high-volume landlords to report their rental payments directly to the credit bureaus each month…. TransUnion, for example, requires that you have at least 100 accounts before you can report tenant data.”
– Jayne Thompson SFGATE
This does not work for every Landlord, especially the “Mom & Pop” Landlords who have 1 room, 1 unit, duplex. triplex, multi unit home etc.
Our easy to use Calonex® reporting just simply records the tenant behavior from them paying you on Calonex®. Did they pay on time ( on the date you both agreed upon)? Did they default? Did they return the deposit? Just the facts. Technically Credit bureaus record opinions, we record the hard information and the Landlord can interpret the information according to their policy.