Reduce Delinquencies :: Improve Cash Flow
“This type of credit reporting is long overdue and should be welcomed by community associations throughout Florida and the rest of the United States.”
Jeff Rembaum - Esquire
Kaye, Bender, Rembaum, Attorneys at Law
RENT PAYMENT REPORTING
For Management Companies, Apartment Communities, and Landlords, delinquencies can be a major nuisance. Tenants who do not pay their monthly rent on time start an endless collection cycle that begins again every thirty days for the unit. This leads to expensive legal fees and countless hours spent chasing money in a very inefficient manner.
Through Sperlonga’s partnership with Equifax, the largest of the three credit reporting agencies, our technology provides management companies the ability to attach the monthly rent payment to a renter's Credit Score.
By providing an immediate reporting mechanism when payments are due, renters have an incentive to make their payments on time. Timely rent payments will positively impact an individual’s Credit Score and conversely, late rent payments will negatively impact an individual’s Credit Score.
Increase portfolio value
Less expensive process
Higher credit scores
Build credit faster
Lower your interest rates