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Updated over 2 years ago on . Most recent reply

User Stats

63
Posts
3
Votes
Constantia Petrou
  • Investor
  • Burlingame, CA
3
Votes |
63
Posts

Reporting rent payment to credit bureaus

Constantia Petrou
  • Investor
  • Burlingame, CA
Posted

Hello,

I've had tenants on fixed term leases who wanted to break their lease and move out early. According to CA law they remain responsible for rent until I find a new tenant. Every time I've had a situation like this, tenants cannot swallow it and try all kinds of maneuvering to get out of paying their rent until a new tenant is found. I wanted to explore the possibility of reporting rent payments/ non-payments to the bureaus so that they have an incentive to pay and not negatively affect their credit score. I am a small LL and the fees seem very high from cos that appear when I do a Google search for such rent reporting services. Do any of you know of/ use reasonably priced rent reporting services? Many thanks

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