Report Rental Payments To The Credit Bureau

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Why should you report rental payments to the credit bureau?

ReportRent.com was built by Joe Lieber, THE leading real estate investor in the Cleveland market for nearly a decade! It all started because of the need for his tenants to build their credit up while they were on a rent to own program with his Cleveland real estate company.
Joe really needed a way to raise their score, other than them just paying their other bills on time, so he had to find a way to show the banks that they were paying their rent on time every month. Joe knew he had to report their rent to the credit bureau.

When Joe realized this, he thought there would already be a company out there that reported timely rental payments to the bureau, but he soon found that everyone out there that claimed to report rent, only reported to their own private database! That was when ReportRent.com was born! It was easy for Joe to get a jump start reporting rent, because he had hundreds of his own tenants to get going.

Once Joe started reporting rent for his tenants, he not only noticed that he was able to get mortgages for his tenants that were on land contract, but they were in better shape all around! Joe started getting feedback that his tenants were getting credit card applications and car loans from large dealerships! Joe was used to seeing all of his tenants have to live their lives at buy here pay here car lots, and get their furniture from local rent a centers. Now they were enjoying the same financing and credit opportunities that he was getting, it was great!

The reason this was so great, because by his tenants scores going up, allowed them to get better interest rates on the things they needed to finance, and this meant they had more money left at the end of the month to not only pay their rent, but to have a little left for a rainy day.

After seeing what it did for his own tenants, Joe decided to be the first Cleveland real estate company to offer reporting rent to the public. I invite you to take the time to look around this site, and opt in to the 10 days to better credit video series. It is free, and your contact info will never be shared with anyone.