Integrated Features | RentReporters

Rentec Direct's integration with RentReporters makes it easy for landlords and property managers to offer tenants the option to have eligible rent payments reported to credit bureaus.

How RentReporters Works with Rentec Direct

Rentec Direct integrates with RentReporters to automate rent payment reporting for tenants who choose to participate.

Enrollment is offered through the Rentec Direct tenant portal. Once a tenant enrolls, eligible rent payment information is automatically shared with RentReporters for credit reporting. This gives tenants an opportunity to build or strengthen their credit history through their rent payments without requiring landlords and property managers to manage the reporting process manually.

Key Features and Benefits:

• Automatic Rent Reporting: Once a tenant enrolls with RentReporters, Rentec Direct automatically sends applicable rent payment information to RentReporters for reporting.
• Credit-Building Opportunity: Reporting eligible rent payments can help tenants establish or strengthen their credit history through payments they are already making.
• Easy Tenant Enrollment: Tenants can enroll through their Rentec Direct Tenant Portal when the RentReporters option is enabled. Tenants follow the prompts to complete enrollment directly with RentReporters.
• No Additional Cost or Setup steps for you: The RentReporters integration is included with all Rentec Direct accounts, making it easy for property managers to offer the service to their tenants.
• Affordable Tenant Cost: Tenants pay a monthly RentReporters fee, which is currently $10.95 per month in most states and $10 per month in California.
• Payment History: Enrolled tenants may also have up to two years of past rent payment history reported when they enroll.

• Automated Reporting: After enrollment, Rentec Direct handles the transfer of applicable payment information to RentReporters, reducing the need for manual reporting.

  RentReporters reports on-time rent payments to Equifax, Experian, and TransUnion. Late rent payments are reported to Equifax and TransUnion.

• Tenant-Focused Service: Renters manage their RentReporters enrollment directly with RentReporters, including questions about their credit reporting and account.

  They can contact RentReporters using the link on their website, online chat, or by phone at 626-737-6100.

Compliance

Rentec Direct provides tools that can help you manage rent reporting requirements and make the reporting option available to tenants.

Rent reporting requirements vary by state and local jurisdiction. Some jurisdictions require certain landlords and property managers to offer tenants the option to have eligible rent payments reported to consumer reporting agencies, along with specific notices or communication requirements.

California, for example, requires applicable landlords to offer tenants the option to have positive rental payment information reported.

Be sure to review current and state and local requirements and update rental agreements, leases, and required tenant notices or annual offers as applicable.

Read the Bill: California AB 2747 Tenancy: Credit Reporting Requirements