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Updated over 3 years ago on . Most recent reply

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Brian Hepler
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Can landlords report to credit agencies? if so, how?

Brian Hepler
Posted

I have one rent house and my tenant has never been late in the 3 years they've been there. I was wanting to report the payment history to help them build credit. Is it possible?  If so, how would I go about doing this?  Not sure if it matters, but I'm in North Carolina

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Chris London
  • Property Manager
  • Raleigh/Durham NC
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Chris London
  • Property Manager
  • Raleigh/Durham NC
Replied

@Brian Hepler the short answer is not easily

Large Landlords (500+ units) can connect directly with one of the 3 major credit bureaus through a subscription service.

Small Landlords (less than 500 units) would need to both sign up for Experian's Rent Bureau service and allow rental payments to flow through this service to you (you will need to wait for payments). This would allow you to achieve what you are looking for but with hurdles for you. For any landlords looking at flagging a tenant's credit history for non-payment (I realize this was not your specific question), you would do this through a collection agency but the reason so many don't is that you will be lucky to see a small portion of your total funds due after paying the collection agency.

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