As renters, part of your financial obligation is to pay your rent on-time every month. But paying rent can also do more than keep your landlords happy; it can also help you build your credit score and strengthen your financial history. With a robust rent reporting service, renters can have their on-time payments submitted to one of the three major credit bureaus and go towards improving their credit score.
A Realtor or real estate agent helps renters find suitable property to rent. How much an agent will do for you will depend on their service agreement and the amount you're willing to pay for the service.
Credit scores are often complex, and as a renter, it's important to understand how credit will impact your housing experience. We've listed ten facts you need to know about your credit score to ensure you're setting yourself up to land your next dream apartment.
Florida has become one of the nation’s top rental markets, with prices soaring above $1K for one and two-bedroom and $1.7K on average. With renters fighting in such a competitive market, it helps to make your tenant application stand out with renters insurance. Renters insurance not only protects your personal property and personal liability but can help you secure ideal apartments in Florida’s most competitive markets.
Paying rent with a credit card can boost your credit score or reduce it, depending on how well you manage your payments. Using a rent reporting service is one way to ensure your rent payments count toward building your credit without incurring debt.
If your credit is poor or fair, but you’ve still managed to pay rent consistently and on time, consider reporting your rent. Your credit score can improve to 800 over time, and your credit history will prove you’re a responsible tenant.
Credit bureaus don't automatically collect information about rent payments, you need to take steps to make sure your rent payment history shows up on your credit report. You can build a solid credit score by reporting your rent payments.
As costs of living increase, it is harder to decide how much of your income should go to rent. Use these rent pricing models based on your location and finances to see how much you can spend on rent.
Renters insurance provides protection for renters with three critical coverages: personal property, liability, and additional living expenses. Leasing to tenants who protect themselves against unexpected losses offers peace of mind and a better experience for everyone.
If you allow pets in your rental property, you already know that a well-cared for and healthy pet is generally easier to manage and less destructive. One way of ensuring that tenants properly maintain their pets’ health is through a pet insurance requirement for each animal covered under the lease. But is pet insurance worth it or is this a decision you should leave up to the pet-owning tenant? How can you help your tenants evaluate their options when it comes to pet insurance?
Think real estate commissions are set in stone? Think again. From how commissions are split to ways you can save, here’s what you need to know before your next transaction.
For any agent, owners, or managers working with victims displaced due to evacuation or property damage from Hurricane Ida, RentSpree will refund any fees.
