Rent Reporting Services for real estate owners

Rent reporting is:

Easy.
Economical.
Efficient.

The Rent Tracker is an approved credit reporting company dedicated to multifamily property owners and management companies. 

The Rent Tracker reports tenants’ monthly rental payments (positive and negative) to the major credit reporting agencies (CRA).

(Available Soon)

Basic Plan

(TransUnion & Innovis)
$1 Monthly, Per Lease
  •  

Premium Plan

(TransUnion, Equifax & Innovis)*
$2 Monthly, Per Lease
  •  

Transparent Pricing

*We anticipate that by April 2024 we will report to Experian®
as part of the “Premium Plan”.

Calculate Your Own ROI for Rent Reporting

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Example

  • Average default rate (U.S.) – 5%
  • Assuming 1000 units = Approximately 50 defaults.
  • Average rent (U.S.): $1,700 (rentcafe.com)
  • Implied monthly cost of delinquencies – $85,000
  • Renttracker Service Cost for 1,000 units (monthly): $1,000 (2 agencies) or $2,000 (3 agencies).
  • You only need to change the behavior of 1 or 2 tenants to breakeven on rent reporting service spend

  • Historical experience in delinquency reduction: 30%
  • Result: ROI of 1,275% to 2,550% (12.75 to 25.5x)

Actual Client Results

Reduction In Monthly Delinquency Rate

ROI Example

Property Owners Are Adopting Fast

Owners See The Benefits

Clear Benefit

0 %

of nonreporting property managers would begin reporting in order to attract renters who pay on time.

Adoption Is Up

0 %

increase in the number of property managers who said they reported rent payments to credit agencies in 2022.

Getting Onboard

0 %

of those that don’t report rent indicated they were in the process of setting it up or were already doing so through a third-party data provider.

Tenants Want It

Scores Improve

0 %

of those whose rent payment are reported said that their scores have improved due to reporting.

Renters Want It

0 %

of Millennials saying they’d be at least somewhat interested in having rents reported. 

It's Preferred

0 %

of Gen Z and 64% of Millennials said they’d prefer a property manager who reports their rental payments.

Recent Press

How Rent Reporting Can Help Improve Your Credit

Unlike mortgage payments, rent payments (or the lack thereof) have generally only been included in your credit in the event of nonpayment that a landlord might report. In other words,...

37% Increase in Number of Property Managers Reporting Rent Payments

More than one-third (36%) of property managers who are aware of the practice of reporting rent payments to credit reporting agencies do so. The finding comes from new research from...

Gen Z Pushes for Landlords To Report Rent Payments to Credit Bureaus

According to a recent study by TransUnion, renters in their 20s and 30s want their landlords to report rent payments to the major credit bureaus. The main reason: Gen Z...

Current Software API Integrations

Current Report Customizations

Regardless of your current management platform, we will work with you to guarantee a smooth rent reporting process

Satisfied Clients

Join the long list of owners now experiencing the economic benefits of rent reporting

“In at least the last five years, this is by far the best and most effective service I have ever subscribed to”

“We have engaged services with The Rent Tracker in August 2022, the money spent has been the best investment ever. Our monthly distributions have increased significantly…Every landlord in the USA should be using this service.”

Step One

Tenant Notification: After the contract is signed, and before beginning to report, the landlord is required inform all tenants, 30 days in advance, that the owner will begin reporting to the credit agency. We have a simple form letter to provide to you. This will keep us in compliance with the Fair Credit Reporting Act.

Step Two

Reporting Setup & Test: We are fully integrated with the most commonly used management software which makes for a seamless and effortless reporting process. If you are using a management software that we are not yet fully integrated with, it is a very easy to produce the data required to report in a format that we can use.  We then conduct a test to ensure proper integration.

Step Three

Compilation and Submission: We compile the date and report all the tenants in your portfolio to the credit agencies.

Onboarding is Easy

Our experienced service team will work with you to roll out the service and start experiencing the clear economic benefits of rent reporting with Renttracker

Frequently Asked Questions

Consumers typically prioritize payments for expenses that are reported to Credit Bureaus; i.e., car loans, credit cards, etc., since late payments can negatively affect their credit score. Consequently, when a landlord/property manager is reporting rental payments, tenants are more likely to pay on time. Research has proven that implementing rental payment reporting has dramatically decreased late payments and delinquencies.

Furthermore, recent surveys show that most renters today are more likely to rent from a landlord that reports rent payments, as timely payments can help them improve their credit score. Thus, rent payment reporting is a service which can help attract more responsible, credit-conscious tenants to your properties.

Yes. The federal Fair Credit Reporting Act (FCRA) and consumer protection and privacy laws enable landlords to report to Credit Bureaus without obtaining consent, so long as the information provided is accurate and complete, and tenants’ disputes of the accuracy of furnished information is investigated as required by law.

A tenant’s DOB and/or SSN is required for reporting. In some cases, the last four digits of the SSN is sufficient.

TRT is an approved API integration partner with many of the leading PM software programs, including:

Yardi Voyager

Entrata

ResMan

Remote Landlord

Rent Manager

RentRite

(Realpage – coming soon)

Below is a partial list of additional PM software programs that we have report customization available:

Appfolio

Buildium

MRI

Yardi Breeze

We report to TransUnion® Equifax® and Innovis®. We anticipate that by the end of the first quarter of 2024 we will report to Experian® as well.

There is no minimum! We service clients of all sizes.

We have a dedicated dispute department whose function is solely to investigate and resolve consumer credit disputes expeditiously within FCRA regulations, with minimal involvement from the landlord/property management office.

Our Team

Together, the Renttracker team has over 100 years of experience in the Real Estate Industry

Henry Goldring

Founder & CEO

Ira Perlmuter

Managing Director

Yossi Botnick

COO

Charles Hoffman

Partner & CRO

Sandra Castro

Head of Marketing

Jonathan Josef

CTO
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Set Up a Consultation

Contact us today and capitalize on the benefits of rent reporting.