Once you start reporting about credit (which is what you're suggesting), you are also bound by the FCRA (fair credit reporting act) which comes with a whole litany of requirements such as responding to consumer complaints and disputes, keeping accurate records to ensure accurate reporting (this doesn't mean bank statements), and ensuring that any false or fraudulent information supplied to you by a non verified party be confirmed prior to dissemination and removed immediately when found to be incorrect. 

It can help clarify what role you and your friend will play, which may be useful if any disputes arise in the future.

I don't know because you don't state in your post what the real dispute is about.

Initially the dispute I had with the  PM was dishonesty in his relationship with a contractor.

Too long in my opinion to make rentals attractive - which is why I don't own any in Florida.Of course- there will be others reading this that would dispute that if rentals were that bad in Florida- why would there be any at all?

I'm not disputing the fact that the refrigerator was delivered too late.

While I agree with most of the generic replies, keep in mind landlord/tenant disputes and evictions are state and even city specific in many areas.

These are a business, so more overseeing and mgmt needed, but no leaky water heaters or tenants disputes like residential!

For the future, I would recommend that you put in your lease contract that the tenant agrees, in an event of a dispute to resort to arbitration /mediation.

At Christmas, I finally said, something, so I can take the criticism, especially when you're correct.Dwelling on what "I should have done" isn't going to help right now, but certainly will be a lesson learned for the furture.I hope to have a resolution to this this week.Maryann