Collections

Are you chasing tenants for rent payments? Can’t evict? Here is the one solution that just works: Automate rental credit reporting How?  With Sperlonga Data & Analytics. By automatically credit-reporting your tenants each month to the credit bureaus, the tenant credit score now provides the motivation for rent payments to come in on time. Financial…

Property owners face a dilemma when deciding how to deal with overdue rent. Current unemployment levels and the extension of the eviction moratorium have allowed tenants to accumulate overdue rent with little to no legal recourse available to property owners to recoup their losses. According to a recent Census Bureau Survey, 8.9 million renters are…

Tired of chasing tenants for rent payments? Wish there was an easy way to motivate renters to pay on time every month? Well now there is. Automate rental credit reporting with Sperlonga Data & Analytics. By automatically credit reporting your tenants each month to the credit bureaus, the tenant credit score now provides the motivation…

Credit scores can be confusing, especially for those new to the credit world. Today there are more tools than ever for keeping track of, or helping to improve, credit scores. Websites like Credit Karma offer simulations for how credit changes could impact a credit score. What surprises some is that having more accounts can actually…

Early on in the COVID-19 pandemic, many observers had dire predictions about what would happen with apartment rents. “If you go back to when this started in March, people were thinking by the summer, the situation would implode and rent collections wouldn’t be where they were,” says Evan Blau, a partner at Cassin & Cassin…

While the recent CDC moratorium on evictions requires that tenants sign a declaration under penalty of perjury, detailing why they can’t keep up with rent payments and their efforts to seek assistance, the reality is that many tenants will still falsify their declarations. Even without tenant declarations, or with lawful reasons under the CDC mandate,…

Playing by the rules In some cases, it’s hard to even know exactly what the latest regulations are covering collections and evictions. The regulations can differ not only per state but even in different counties in a state. Some moratoria are set to expire over the summer; in others, they extend over a longer period….

Consumers are motivated to pay their credit card bills and loans on time each month because they know that account will be reported to the credit bureaus and if they pay late their credit score will go down. Most landlords don’t know they too can report on-time and late rent payments on a consumer’s credit…

Owning residential properties and renting them to tenants is a business. However, many landlords are currently struggling. Because of the coronavirus pandemic, many states have suspended evictions and tenants are having a hard time paying rent because of layoffs and reduced hours. However, many landlords have mortgages to pay on those properties. So covering expenses and…

Rarely, if ever, has the United States collectively experienced a crisis like this pandemic, with a wide-ranging impact in all regions and walks of life. Yet at this moment, that’s the challenge we all face, with thousands of Americans affected by the virus itself and millions more experiencing the resulting economic tidal wave of a…