Benefits of Rent Reporting
Rent Reporting through Esusu is an important tool your residents can leverage to help them establish and build their credit scores by simply continuing to pay their rent on time. Not only is this a benefit for your residents but also for yourselves, as property managers, as rent reporting is shown to help incentivize residents to pay their rent on time and helps to differentiate properties in the marketplace.
Here are some key metrics around Rent Report based on a TransUnion Report:
- 100% of credit-invisible residents become scorable after participating in rent reporting
- Subprime residents may see their credit score increase by as much as 26 basis points following a year of rent reporting
- 2 out of 3 renters would choose an apartment with rent reporting over one without
- 7 out of 10 renters are more likely to pay on time when rent reporting is involved
Still Have Questions?
If you have any questions or need any additional guidance, please reach out to our support team at rentsupport@esusu.org