Even $100 limit credit card reported monthly, but not $5,000 apt?

[Jonn Vidal]

Whilst all credit cards and even most residential & commercial landlord companies (Blackstone, Spectrum, LeFrak, GE, ING, etc) report rent payments (or lack/lateness) each month to major credit bureaus, virtually no landlords do this in my experience, despite likewise laxing laws enforcing default; for example in NY it is now illegal to refuse to rent to an applicant just because everywhere they've ever lived, they've always ended up exiting via Eviction!

So for those who do still rent despite the phasing out of private ownership already in some states like NY, how do you encourage timeliness with recent legislature making late fees and even collections and evictions obsolete?

Do Landlord Credit Bureaus exist in US yet? If so does anyone here even report tenant payments and/or sometimes send tenants to Collections? or just rely on eventual eviction and write off the entire unpaid rent total even if its a year or 2 as now is the case with courts backed up so bad post-Covid?

[Dave G.]

The judgement I file for an outstanding balance after eviction shows up on their credit report.

If a current or previous tenant is pursuing a loan for an auto or home purchase, my prop manager will provide rent payment history in support of underwriting that loan. This is common for the lender to request this, even if timely payments don't show up on a credit report.

I would never deploy investment capital in a state where "collections and evictions (are) obsolete". If that is a new law, I would get the hell out...fast.