Empowering property owners, elevating tenants
With a commitment to accuracy and compliance, The Rent Tracker stands as your reliable ally in enhancing the financial well-being of property owners and tenants alike.
The Onboarding Process
1. Tenant Notification:
Following the contract signing and prior to initiating reporting, it is mandatory for the landlord to notify all tenants at least 30 days in advance about the initiation of reporting to the credit agency.
2. Reporting Setup & Test:
We have seamless integration with widely used management software, facilitating a smooth and straightforward reporting process. Subsequently, we conduct a test to verify proper integration.
3. Compilation and Submission:
We compile the data and report all tenants in your portfolio to the credit agencies, ensuring comprehensive coverage with reporting standards.
Property Owners Are Adopting Fast
Clear Benefit
of nonreporting property managers would begin reporting in order to attract renters who pay on time.
Adoption Is Up
increase in the number of property managers who said they reported rent payments to credit agencies in 2022.
Getting Onboard
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.
Clear Benefit
of nonreporting property managers would begin reporting in order to attract renters who pay on time.
Adoption Is Up
increase in the number of property managers who said they reported rent payments to credit agencies in 2022.
Getting Onboard
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.
The Benefits of The Rent Tracker
Report Payments For All Tenants
Monthly Impact to Credit Rating
Reduce Tenant Delinquencies
Intact Stays on Tenant Credit Report
Choose Your Best Plan To Get Our Services
Experian® Coming Soon.
Rent reporting services for real estate owners.
Report on-time rental payments to all major credit reporting agencies through The Rent Tracker. Rent Reporting increases resident retention and incentivizes them to pay on time, all while helping establish or build their credit.
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.
Call Us Now
(855) 202-1911
Send a Message
sales@therenttracker.com
Current Software API Integrations
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.
Free Consultation
News & Views
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...
With a commitment to accuracy and compliance, The Rent Tracker stands as your reliable ally in enhancing the financial well-being of property owners and tenants alike.