Payment delinquency is a common problem for most community associations, and they probably always will be. As an HOA board member, you know too well how the habitual delinquencies can turn into other major problems for associations. The non-payments and late payments of HOA and condo dues can be reported to...
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Sperlonga welcomes Birch Bay Resort to the Rental Credit Reporting Program! This partnership shows Birch Bay Resort’s commitment to help tenants achieve favorable financial terms with higher credit scores. Sperlonga's partnership with Birch Bay Resort rewards their on-time paying tenants a boost in their credit scores. Higher credit scores will...
Read In FullSperlonga is excited to help residents of Comet Property Management's communities build their credit scores by reporting their HOA Assessments payments to the credit bureaus. With this partnership, on-time paying homeowners will be rewarded with an increase in their credit score. This benefit will give the homeowners favorable terms where a high...
Read In FullYes, it is legal to report HOA Assessments to the credit bureaus. Similar to credit card or mortgage payment reporting, The Fair Credit Reporting Act allows for the reporting of community association payments and delinquencies to a credit bureau, on behalf of an HOA or condo board. Which regulation governs...
Read In FullDo you know why credit score matters? Are your tenants and homeowners aware that their credit scores could affect the interest rates for loans? Here's one reason why credit score matters. Your credit score is used by creditors like banks, collection agencies, mortgage lenders, and insurance companies, in making...
Read In FullCredit bureau reporting of home owner associations' (HOA) assessment is a powerful tool to manage association assessment delinquencies, maintain on-time payments, protect property value and reward on-time paying residents with a boost in their credit score. This blog covers the key questions on how credit reporting to the bureaus work...
Read In FullLearn how you can use Rental Credit Reporting to reward your residents for on-time rent payments while having the leverage to collect outstanding rent, reduce delinquencies and reduce your post move-out collections costs! The pandemic and eviction moratoriums didn't make it easier to be a landlord and property management company...
Read In FullSperlonga welcomes Whitestone Management to the Rental Payment and Credit Reporting Program. Whitestone Management is a Whitestone Management is a full-service residential property management company serving the tristate area. This partnership shows Whitestone Management’s commitment to help tenants achieve favorable financial terms with higher credit scores. By partnering with...
Read In FullSperlonga is excited to provide Assessment Payment and Credit Reporting service to the homeowners of Spring Creek Condominium Association! This is made possible through our partnership with Community Property Management. Spring Creek Condominium Association in Missouri, is currently being managed by Community Property Management, a leading community management provider in...
Read In FullGetting your tenant's on-time, late or skipped payments reported to the credit bureaus can be one of the most profitable things you do as a landlord or property manager. The benefits go beyond collecting a delinquent tenant's past due rent. Should you report your tenants' rent payment to the credit...
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