How to Report Late Rent Payments
Reduce Tenant Delinquencies by 36%
Learning how to report late rent payments will help reduce tenant delinquencies and avoid rental income loss. It is important to report rent pay on a monthly basis.
For American Landlords and Property Managers there has never been a tenant registry that enables them to report tenants rent payments. Leaving many asking the question, how do I report late rent payments?
The Landlord Credit Bureau (LCB) empowers Landlords and Property managers to report rent payments, paid, late or otherwise owing. For tenants who consistently pay rent on time LCB will reward them with a positive Tenant Record. For those tenants who choose to not pay rent, they will receive a negative Tenant Record. To start reporting rent payments to Landlord Credit Bureau visit FrontLobby.
LCB is a Reporting Agency in the US. LCB handles notifying tenants that their rent payments are reported to LCB and of the benefits and consequences for late rent payments and non-payment of rent. Tenants can view and monitor their records, and if information is disputed, there are multiple mechanisms in place to handle such disputes. LCB will then investigate.
With LCB you can also report former tenants. In the case of former tenants who owe unpaid rent, the amount you record will automatically roll over each new month, until you login and record it as paid. You can also report a positive rent payment history for former tenants.
We recognize the need to report a delinquent rent payment only applies to a small population of tenants who act with impunity. LCB collects and reports both positive and negative information. Our focus is on managing tenant behavior after the tenant moves in, to ensure good tenants continue to be good tenants and tenants that pay late rent now have consequences for their delinquencies.
Reporting rent payments to LCB minimizes risk of rental income loss, identifies good tenants, and creates consequences for late tenants.
You can report rent payments to Landlord Credit Bureau through FrontLobby.
Disclaimer
The information provided in this post is not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.
In October 2021, the LCB organization re-branded some of the services it offers under FrontLobby. Until this point, the LCB organization has consisted of two companies handling different services under the umbrella trademark of Landlord Credit Bureau. The introduction of FrontLobby enables each company to maximize its focus and impact. Read More
Rent Reporting Benefits Landlords and Tenants
Landlords, Property Managers and Tenants can report rent payments and rental history data to Landlord Credit Bureau through FrontLobby.
