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Updated 3 months ago on . Most recent reply

User Stats

10
Posts
10
Votes
Jennifer Cook-DeRosa
  • New to Real Estate
  • Charlotte, NC
10
Votes |
10
Posts

Do you report to credit bureaus? (RentReady)

Jennifer Cook-DeRosa
  • New to Real Estate
  • Charlotte, NC
Posted

I do not use Rent Ready, but I know that it is a perk of my pro membership here and I am considering setting it up to help my tenant establish credit.  The unique situation is that my tenant is also my son, and he is ready to start looking for his first home.  He has paid rent weekly via auto-deposit into my account for 24 months.  My thought is is use the Rent Ready feature of reporting his payment history to the credit bureau so it can work in his favor as a trade line, but I'm wondering if this is an unnecessary added step since he can already pull transactions on his bank side.  I will happily set this up if it would help. Anyone have thoughts on whether this is much trouble? I do know there is an added cost to ME but I'm ok with that. 

  • Jennifer Cook-DeRosa
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