RealPage Rent Reporting
Your Residents Have an Easy, Affordable Way to Build Their Credit Profiles
Good Credit is Good For Your Community
Consumers recognize that good credit scores impact them on many levels — from their ability to rent without a co-signer to securing good interest rates on car loans and other revolving credit. That’s why more than 60% of renters will choose an apartment that offers rent reporting over one that does not3, and those same renters are more likely to make on-time rent payments.
RealPage® Rent Reporting is an optional $4.99/month subscription that helps build residents’ credit profiles1 by automatically reporting monthly rent payment activity to Equifax®, Experian®, and TransUnion®.2
Frequently Asked Questions
Why would residents want RealPage Rent Reporting?
Why should my community offer RealPage Rent Reporting?
To which credit bureaus do you report rent payment history?
How is Rent Reporting billed to residents?
Can more than one resident per unit report their rent payments?
Can you report rent payment history for previous leases?
Will a subscription end automatically if the resident does not renew their lease?
Does the subscription continue if the lease is renewed?
What happens if any of our properties stops using OneSite Leasing & Rents?
How does a resident cancel a subscription?
Can a resident get a refund for Rent Reporting if they cancel?
How long does it take for the credit bureaus to report payment history?
How do residents dispute a rental payment inaccuracy shown on their credit reports?
Is there any guarantee that a resident’s credit history or score will improve as a result of RealPage Rent Reporting?
Will rental assistance or subsidies paid by third parties on the resident’s behalf be considered reportable?
What if my resident has a question about their subscription?
Alternative Data Such as Rent Payment Reporting Bridges the Gap for Unscorable Consumers and Increases Financial Inclusion Opportunities. TransUnion (2021). See also https://www.usatoday.com/story/money/2019/06/26/credit-score-your-rent-can-boost-your-fico-score-instantly/1556743001/
2 This is subject to change without prior notice, but your residents’ monthly rental payments will be reported to at least one of the three major bureaus during their subscription to RealPage Rent Reporting.
3 Rent Reporting Will Motivate Seven in 10 Renters to Make More On-time Payments (globenewswire.com) (TransUnion (2019).
4 Please note, RealPage is not a credit bureau and does not have direct influence over any aspect of credit bureau consumer profiles or credit scores calculated by the bureaus. Each bureau to which we report your residents’ rental payment information will determine, in its sole discretion, whether and how to use that information.