Accepting CRIB Card holders puts an end to the many headaches American Landlords face.
CRIB Card holders are Registered Tenants that record their rental payments to NERPHRA, the National Electronic Residential Payment History Recording Agency, in hopes of raising or maintaining their FARM scores.
FARM scores, or Fair Accurate Rental Measurement scores, are on an alphabetical scale, "A" being the highest score, "F" being the lowest. By entering a Tenant's CRIB Card number into our database, a Landlord will have access to the Tenant's Residential Credit History Report, which can be used to determine whether or not the Tenant makes rent payments on time and is a good fit for the property.
The choice is clear.
A Better Way.
The CRIB Card was designed to give Property Owners more control over the Tenant screening process. The system provides a true picture of what to expect from both new and current Tenants, while protecting your community from undesirable ones that would ruin your ability to profit from your rental investments.
Landlords using the financial Credit Bureau to determine tenancy face a few major challenges, including the fact that credit bureaus create credit reports primarily for major companies who extend credit and financing, not for rental history. Furthermore, only licensed professionals in the financial industry can utilize this data. Private Landlords can not run credit reports on their own.
Besides, FICO scores have very little validly to Landlords. A prospective Tenant will be charged the same rent whether their credit score is 200 or 700. After all, just because a Tenant makes timely car payments doesn't mean they'll do the same for their rent.
If you are still trying to measure Renters based on their financial credit report?
Here is the TRUTH!
The only way to measure Tenants ability to lease property fair & accurately is from their Residential rental credit report!
EXPERIENCE ACTUAL RENTAL ACTIVITIES TRANSFORMED INTO RESIDENTIAL CREDIT.
N.E.R.P.H.R.A NationalElectronicResidentialPaymentHistoryRecording
Agency. Verifies, measure, screen, score & post timely and untimely payments and reported activity for credibility to
TRUTH DATA
Tenant Rental Unit Tracking History Database.
accessed from The CRIB card.
Join the Community of accepting CRIB cards.
Having or accepting CRIB Card holders also give Landlords access to true verifiable rental payment history provided (by the National Electronic Residential Payment History Recording Agency. N.E.R.P.H.R.A)
and also allow the Lease, to become optionally assumable and equitable to be placed on the Lease holder estate Market, L.E.A.M (Leassors Exchange Auction Market) network.
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A great benifit of accepting CRIB cards holders allow you to have the right to engage in Leasehold estate trades, on our online marketplace for investors, through the Leasor Exchange Auction Market. That allow Landlords to sell their position as Leasor, of a leasee that you may no longer want to hold financially for the remaining lease term, yet maintain the rights of being the Landlord by selling the remaining equitable interest of the Lease to an investor, there is no need to become a member in order to use this service, only have a Registered Tenant/ CRIB card holder as your Tenant.
HOW IT WORK. If you the Landlord, for whatever reason want or need a cash advance from the remaining balance due from the leased property/unit, being held by a CRIB card holder (none sec8) or if you begin to experience slow payments to no payment from one of our Registered Tenants (CRIB Card holders). Before sending them a notices for rent payment, you maybe able to receive an advance payment of a large portion of the remaining balance of Lease, by placing the Lease on the LEAM network.
ONLY under the conditions that you are willing to maintain and service the Tenant until the
expiration of their Lease.
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The L.E.A.M network.: Is where investors bid high on "risky" Lease hold estates (Leases) Landlords are paid according to the final bidden amount,
and upon an investor winning the bid they will then have the right to collect the same monthly payments that would have been
due to you.
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Becoming a participating member! Participating members receive many benefits including access to our database user name and passwords but also the ability to report Tenant rental payments
and activities within their properties.
First Learn more about the LEAM network under the Landlord link
