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Echo Park Real Estate

REPORT NON-PAYING TENANTS TO CREDIT BUREAUS

A NEW OPTION FOR LANDLORDS DURING THE COVID-19 PANDEMIC

April 11, 2020
For Landlords, this COVID-19 pandemic is potentially going to be a huge financial problem, hitting them harder than most with moratoriums on rent collection and evictions. Many Landlords that I personally know have already received emails and letters from their tenants, both individually and collectively, stating that they will absolutely not be paying rent on May 1st and on…

So these Landlords, which faithfully paid their LA property taxes this month, are facing the reality that they’re going to have many non-paying tenants at their apartment buildings, while still having to pay their mortgage payments, insurance, utilities, and maintenance issues.

With this in mind, my other company, My Home Agent, has come up with a great solution for the Landlords we know during COVID-19.

If you have tenants that insist on not paying rent and negotiating against you in bad faith, then reporting late or non-payments to credit bureaus starting May 2020 may change the tone of the conversation, and keep everyone honest during these stressful times. 

This new service we created is called Tenant Rent Reporting and here are the details:$100 setup fee$5 per tenant per monthUnlimited tenantsUnlimited propertiesReports positive and negative paymentsIf you’re interested in signing up, then here is the link https://findmyhomeagent.com/tenant-rent-reporting/