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Why Landlords Should Report Rent Payments to Credit Bureaus
FrontLobby
Updated March 18, 2024
One of the most crucial elements towards building a good Landlord-Tenant relationship is the clear understanding of maintenance responsibilities.
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How Does Rent Reporting Impact A Tenant’s Credit Report?
A credit report summarizes how promptly an individual pays their bills. Credit reporting agencies assign a credit score ranging from 300 to 850 based on bill payment habits and other factors in handling credit responsibly.

Tenant Screening Best Practices for Landlords and Property Managers
When a rental unit becomes vacant, a landlord or property manager needs to fill it with new occupants who will pay their rent on time every month and leave the property in excellent shape. To find tenants, property owners and managers may be inclined to run an ad, see who turns up to visit, and go with their intuition.

Why Landlords Should Report Rent Payments to Credit Bureaus
Rent reporting to credit bureaus is one of the easiest ways for Landlords to reduce income loss and reward their responsible Tenants with good credit. Landlords can lower payment delinquencies by 36%, while Tenants have reported bumps of more than 40 points in their credit score in a matter of months.

FrontLobby Strives for Responsible Innovation
FrontLobby will continue to provide the business services Landlords need to reduce income loss and reward their responsible Tenants with good credit. Moving forward Landlord Credit Bureau will only represent the credit reporting agency, which will maintain a database of rental records.
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