Reporting tenants payments to credit

[Tyson Hosey]

Is there a way that if I own a property free and clear, that I can report my tenants good payments to credit? I want to help them build credit by reporting their good payments, but I have no idea how that works..

[Nathan Gesner]

Owning the property "free and clear" shouldn't have anything to do with it. I've looked into this before and it is possible but it's not easy. Maybe with a few properties it would be manageable but for 300+ it would have taken too much work to transfer payment data into the forms required by the credit reporting agency every month.

It's too bad they make it difficult because rent is typically the largest payment made very month and is a great indicator of credit worthiness.