Recently in The Power Letter we mentioned that tenants history of rent payments are not collected by credit reporting services. That means a tenant can not build a good FICO score by on-time rent payments.
Now there is something new. Its called PRBC (Pay Rent, Build Credit). Renters can register with PRBC at no charge and the companys records become a source for the Fair Issac Company when they are computing credit scores.
Everyone selling property using lease options should insist that their optionees register at payrentbuildcredit.com
Managing rentals is much easier with the right software...
http://digbig.com/4ccej
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Thanks for your help!
Until next time - Go Forth and Prosper!
Mark Walters~
P.S. Have you visited our "Investor Base Camp" lately? Go there now: http://CashFlowInstitute.com
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About The Author...
Mark Walters is a third generation investor, author, speaker and publisher. He is the Webmaster of
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