Credit bureau

before you ever hand over the keys, which is a huge plus.

Why reporting good rent payments to the credit bureaus can help you attract better tenants in a tougher market, especially what we're dealing with today, and what to try before you start to drop rents, and why cutting corners on screening is never the answer.

And then when it's time to bring in a paralegal, a lawyer, and how some tenants are now using chat GPT to flood hearings with evidence, which can be so frustrating,

If you've got a vacancy right

This is only them for not being caught off guard and result in an adjournment because all of a sudden there's a surprise maintenance.

But again, it clearly states on the N4 application that tenants have to pay, even if it's no maintenance or poorly done maintenance, you still have to make sure that your payment is made.

And that's why we encourage our landlords to be making sure that, A, you're filing the paperwork in a timely manner, but you're also being able to report that debt to the credit bureaus through Front Lobby.

Now, that's interesting.

You got the lender's clock, starts the day after the due date.

Then there's the credit bureau's clock.

That one really doesn't start until you're 30 days behind.

We'll talk about that.

They can do whatever they want with their fees.

So, okay.

So now let's talk about the credit bureau's clock, which is what kicks in at day 30.

So day 30, and I'm sure most of our listeners know this, but why don't you walk us through what all the R's mean?

at such and such facility.

And then they're going to encourage you to reach out to the three major credit bureaus and potentially go put fraud alerts on your credit or place freezes on your credit.

So now they're going to task you with the responsibilities of trying to put these protection parameters in place, right?

Yeah, the customs still got to work.

Yes, exactly.

Okay, so going back to the history, now bring in credit bureaus into the discussion.

Their traditional public identity is that they maintain credit reports.

Yeah, now you're hitting a very critical and anger point for me.

Okay, so in some of the talks I've heard you give, you have mentioned Experian Mosaic.

Yes.

A lot of these credit card, or not the credit card companies, but the credit bureaus have no soul.

Mosaic is associated with consumer segmentation.