Allows Tenants to report their rental payments to an Electronic Rent Payment Service which gives them the ability to build their credit history. This helps tenants get credit for managing their rental payments.
Benefits to Landlord
They are they Realize More Steady Cash Flow Through On-Time Rental Payments
Because tenants can opt-in to reporting their rental payment data to Electronic Rent Payment Services their positive rental payments may be reported on their credit reports, tenants have an incentive to consistently pay their rent on time. This results in landlords receiving more steady cash flow and on-time payments.