Helping our tenants improve their credit thru rental payments

[Maria Vargas]

Hi BP, outside the obvious benefits we enjoy as landlords/investors I find it extremely rewarding to help people in different situations by providing safe and viable housing options in a pricey and competitive market (Denver, CO). I have several tenants that have been stellar in maintaining my properties, providing timely payment, and communicating effectively especially in the last few months which have been dominated by economic uncertainty due to Covid. A couple of those tenants had poor credit profiles upon initial screening but presented other factors for which I decided to rent to them despite poor credit scores. I'd really like to help them improve their credit standing by reporting those on-time payments to credit reporting agencies and I'm not quite sure how I can do that - enter your input BP Community! While I don't use Cozy for anything other than Credit Checks/Criminal Background Screenings, I do know they claim to report rental payments to credit reporting agencies if one set's up receipt of rental payments through their portal. Has anyone found that Cozy does actually report those rental payments to credit reporting agencies and that it's made a difference in their tenants' credit profile? Are there other rent collection mechanisms other than Cozy that could help me achieve this goal to help my tenants improve their credit profile?  (Yes, I'm aware that if using Cozy to collect rent, I'll have to wait more days to actually receive those funds in my bank account - I'm willing to wait if I can effectively help my tenants).