RealPage Rent Reporting
Your Residents Have an Easy, Affordable Way to Grow Their Credit Score
Rent Reporting Benefits Both Communities and Residents
RealPage® Rent Reporting is an optional service for your residents, where they pay for automatic reporting of their rent payment activity to all three major credit bureaus1 — Equifax®, Experian® and TransUnion®. Residents can easily sign up and pay through ActiveBuilding®, and there is no administration or change to existing processes for your property or staff.
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 approximately 60% of renters will choose an apartment that offers rent reporting over one that does not2, and those same renters are more likely to make on-time rent payments.
Incremental Revenue Without Extra Work
Plus, RealPage is providing a revenue share based on the amount of paid subscriptions at your community. Entirely integrated into the ActiveBuilding Resident Portal workflow, we estimate this will drive up to $10 per unit annually in incremental revenue without adding burden to your staff.
Frequently Asked Questions
RealPage® Rent Reporting can ensure your rent payments and rent payment history are directly reported to Experian®, Equifax® and TransUnion®, helping to build your credit history and potentially increase your credit score.3
What is RealPage Rent Reporting?
Why would residents want RealPage Rent Reporting?
With RealPage Rent Reporting, you can ensure your rent payments and rent payment history are directly reported to the credit bureaus.3
Why should my community offer RealPage Rent Reporting?
To which credit bureaus do you report rental payment history?
What are the payment and subscription options to report rental history data?
Residents have two options to report rental payments:
- Lease Term: We will report all past payments (if applicable) and all future payments for the entire length of your currently active lease. This option is paid in full upfront and recommended for anyone with a lease of eight or more months.
- Monthly: We will report future payments on a month-to-month basis beginning with your next rent cycle following enrollment. This option is paid monthly and recommended for those who only want to report their rental payment history going forward or have a lease term for less than eight months.
Can more than one resident per unit report their lease payment?
Can you report rental history on previous leases?
Will a subscription end automatically if a resident does not renew their lease?
Does the subscription continue if the resident renews their lease?
How does a resident cancel their subscription?
Can residents get refunds 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 report?
- Equifax: Equifax.com
- Experian: Experian.com
- TransUnion: TransUnion.com
1 Source: Rent Reporting Will Motivate Seven in 10 Renters to Make More On-Time Payments
2 Source: Alternative Data Such as Rent Payment Reporting Bridges the Gap for Unscorable Consumers and Increases Financial Inclusion Opportunities.
3 This is subject to change without prior notice, but your monthly rental payments will be reported to at least one of the three major bureaus during your subscription to RealPage Rent Reporting.
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 rental payment information will determine, in its sole discretion, whether and how to use that information.
RealPage is a registered trademark of RealPage, Inc., which is not affiliated with Equifax, Experian or TransUnion. These company names and any trademarks or service marks associated with them are the property of their respective owners.