
Landlords Join Forces to Collect
Rent on Time with Monthly Credit Reporting and Rent Monitoring
Monthly reporting
is the preferred way to induce monthly payments. Why? Constant
surveillance. During a typical year your tenant may apply for
credit 3 times. Waiting until the end of the lease to report allows
too much leeway. All major creditors, banks, retailers and over
1,392,000 businesses nationwide report monthly. Many of these
Fortune 500 companies make billions annually, yet they will report
a $5 debt as fast as a $500 car payment. When money gets tight,
your tenant will pay the creditors that report on a monthly basis
first. Your rent is the highest monthly payment your tenant has.
So, report monthly and get first in line to get paid.













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Control
Risk Like the Pros : Report Monthly
Monthly
reporting is the preferred way to induce timely monthly payments.
Why? Constant surveillance. During a typical year your tenant may
apply for credit 3 times. Waiting till the end of the lease to report
allows too much leeway. All major creditors, banks, retailers, and
over 1,392,000 businesses nationwide report monthly. Many of these
Fortune 500 companies make billions annually, yet they will report
a $5 debt as fast as a $500 car payment. When money gets tight,
your tenant will pay the creditors that report on a monthly basis
first. Your rent is the highest monthly payment your tenant has.
So, report monthly and you will be first in line to get paid.
Credit Reporting: a
Workable Solution at a
Low Cost
NAIL provides landlords an
easy way to use credit reporting to impose penalties for late rent
and other monetary losses. This is the same system Sears, Visa ,
Amex, etc. use to induce timely monthly payments. NAIL does all
the paper work and files the universal reporting form for you. Normally
it cost around $1,000 a year to maintain a monthly reporting membership
in the credit bureaus. But NAIL can provide this service at a low
monthly fee.

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