Landlords across the country and around the world have faced more than their fair share of anxiety over the last year. It has been a challenging time for everyone, but many landlords have been especially hard hit. Landlords have faced increasing insecurity on how to fulfill their own financial commitments, including mortgage payments, property maintenance costs and other critical property management expenses.
The good news? FrontLobby is here to help.
Through such powerful tools as rent reporting, tenant screening, record keeping and more, FrontLobby helps landlords strengthen tenant communications, resolve rental debt and achieve peace of mind during such uncertain times.
FrontLobby empowers landlords with the solutions they need to refine processes and improve revenue well into the future. Here’s how.
FrontLobby Enables Landlords to Report Rent Payments to Credit Bureaus
While you might not think that reporting rent payments is a big benefit for landlords, it is a bigger benefit than you realize. Many renters are just starting out and in the process of working to build their credit histories. The opportunity to improve their credit scores with what is likely their largest monthly expenditure is a huge attraction to many quality tenants. More importantly, it is a huge motivating factor that will drive them to pay their rent on time, month after month.
By making rent reporting available to your tenants, you’re working to reduce turnover rates property wide. In turn, you’re boosting your reputation as a go-to landlord in your region, providing prospects even more incentive to choose you over the competition.
Finally, attracting quality tenants to your property reduces your risk of evictions. You know, all too well, that this is a costly process that is uncomfortable and unpleasant for everyone involved. Keeping tenants motivated to pay their rent on time by reporting their payments each month means you’re less likely to need to go the extreme route of evictions – saving you time, energy and causing your NOI to soar.
FrontLobby Offers Tenant Screening Services
Conducting thorough, efficient tenant screening upfront is key not only to choosing the best tenants beforehand, but reducing problems and minimizing costs down the road.
Reliable tenant screening services can help lower your risk for selecting tenants with undesirable rental histories, reduce the costs of late and missed payments, and drastically improve your odds of finding responsible tenants you can count on well into the future.
This means you can see the tenant’s rental history in living color. You can find out things like if your prospective tenants were evicted from previous rental units. If they had a history of late rent payments with previous landlords and other information that may be relevant to you as a landlord.
On the other side of the coin, you can learn about dream tenants that paid their rent on time each month and were delightful to work with. This is great news for landlords who understand that each new rental is a risk. One that can have long lasting effects if the property tenant screening is not completed.
Every FrontLobby Credit Report features verified Tenant Records from Landlord Credit Bureau, providing the information you need to evaluate tenants, minimize risk and maximize confidence in renters across your property. While there is nothing that is 100 percent when working with humans and constantly evolving life situations, it does help.
As a landlord, you’re always seeking new ways to increase revenues without increasing costs of operation. Verified tenant records from Landlord Credit Bureau offer an invaluable tool for helping you do exactly that.
FrontLobby‘s mission is to empower the businesses and lives of landlords and property managers while enriching the lives of responsible tenants.
FrontLobby provides the means and tools for landlords to attract great tenants, reduce the frequency and impact of delinquencies, and drive operating efficiencies while providing tenants-seeking to establish or rebuild credit-with an effective way to improve their credit.
In doing so, FrontLobby enables landlords to increase revenue while decreasing the time it takes for responsible tenants to unlock and access future credit-related rewards for themselves and their loved ones.
For more information, visit: http://www.frontlobby.com
Zac Killam, Co-Founder