Rent Monitoring Induces Timely Rent Payments
For $5.95 a month we will monitor rent payments, and report credit monthly to the credit bureau. Both you and your tenant will receive monthly calls to verify timely rent payments. If the rent is paid on time, the tenant receives a positive credit rating for the month. If the landlord informs the association that the rent was not paid on time, the tenant receives a call from the association informing them that they owe late fees and the rent is overdue. The tenant will be informed that the rent payment and late fees will be reported as delinquent to the credit bureau if not paid on time (Rent payments are reported to Equifax).
The mere fact that the tenant receives a call from the Association makes them stay on their toes. They know they are being monitored by a large organization. This keeps the pressure off the landlord for a minimal cost monthly.