Experian RentBureau – the leading provider of rental payment history data to the multifamily industry – offers two ways property owners/managers can benefit from its collective national repository of rental payment history data:
Every 24 hours, Experian RentBureau receives updated rental payment history data from owners/managers and electronic rent payment services nationwide and makes that information available immediately to the entire multifamily industry through our resident screening partners. This quick turnaround impacts every point of decision-making — from identifying higher-quality residents and improving bad debt recovery to streamlining the collections process.
The process is quick and seamless, and Experian RentBureau does not charge to report your rental payment data. After initial setup, data is securely transmitted direct from your property management software without any modification to existing software or any impact to operations. Data is compressed and encrypted (256-bit encryption) prior to transmission through a certificate-protected Secure Socket Layer (SSL) connection.
From accepting high-quality residents at the point of application to preventing residents from getting a new lease at another property without first satisfying their debt obligation to you, rental payment data affords many benefits. You also have the opportunity to set your community apart by enabling residents to build credit history through their on-time payments.
Hear what Equity Residential, ALCO Management and others have to say about accessing and sharing rental payment data.
Learn about the benefits of accessing and sharing rental payment data.
Did you know serial skippers are 6 times more likely to default again? Learn how rental payment data can help.
See what CNN, The Wall Street Journal, The New York Times, Multifamily Executive, UNITS and others have to say about rental payment data.
CNN’s The Situation Room reports that Experian is now including rental payment history data on its credit reports. This change could impact millions of renters nationwide.