Tired of chasing tenants for rent payments? Wish there was an easy way to motivate renters to pay on time every month? Here is the one solution that just works: Automate rental credit reporting. How? With Sperlonga Data & Analytics. By automatically credit reporting your tenants each month to the...
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For most renters, their monthly rental payment is their most significant obligation and receives priority treatment. If you are starting out and establishing credit, or if you need to improve your credit rating, you should be rewarded for paying promptly. Although most landlords do a credit check when vetting potential...
Read In Full“Pain felt by landlords is only temporary.” The law of unintended consequences was popularized by a Columbia University Professor considered a founding father of sociology, Robert King Merton. The Professor theorized that unanticipated or unforeseen consequences are the outcomes of a purposeful action not originally intended or foreseen. The consequences...
Read In FullThe median price of existing homes has increased nearly 20% year over year, fueled by intense demand, reduced inventory, and historically low-interest rates. The situation is no better for new homes as the cost of lumber has skyrocketed 250% since last year, raising average prices by nearly $36,000. For millennials...
Read In FullVaccination efforts continue to accelerate, restrictions are being lifted as states reopen for business, and the job market is rebounding. Cautious optimism of returning to normal, even a new normal, in the not-too-distant future is growing. Industries devastated by the pandemic, airlines and travel, bars, and restaurants, are poised for...
Read In FullReporting consumer credit data to the NCRAs (National Credit Reporting Agencies) is not mandated in the U.S. Many, if not most, single and multifamily landlords utilize credit scores when determining potential renters' creditworthiness. Yet relatively few see the merit of contributing data back to the agencies. They are missing an...
Read In FullNEW RESOURCE FOR RENTAL PROPERTY OWNERS The national COVID-19 conversation has shifted from mitigation to vaccines and reopening our economies. Entire industries have been devastated, and many of the effects of the changes over the past year will linger. Rental property owners have not been spared and now face an...
Read In FullCredit scores and credit reports can impact nearly every aspect of our financial life. Naturally, we want to achieve the best score and report possible to order to obtain lower interest rates, have access to the best services, be competitive for the best housing, etc. Thankfully the credit reporting industry...
Read In FullCredit scores can be confusing, especially for those new to the credit world. Today there are more tools than ever for keeping track of, or helping to improve, credit scores. Websites like Credit Karma offer simulations for how credit changes could impact a credit score. What surprises some is that...
Read In FullOwners who do not pay their association assessment in a timely fashion become a time-consuming headache for the management company, creating extra tasks and legal expenses. This is why HOAs need Sperlonga's help. Together with Equifax and TransUnion, Sperlonga's patent-pending technology assists associations with the process of attaching a late...
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