CREDIT BUILDING
Benefits to Property Managers
Potential benefits include:
- Attract and retain better renters.
- Increase on-time payments.
- Reduce delinquencies and skips.
- Turn-key marketing program.
- Options to generate ancillary revenue.
How we differ
- Product and Pricing Options for Property Management Companies.
- Automated data imports reduces work for your staff.
- Certified Data Furnisher and handle all support and compliance.
- Works with any form of payment (online, check, money order).
- Works with existing accounting and payment systems.
Motivate responsible renters with these valuable benefits.
Reports payments to all three credit bureaus
Unlike some other rent payment reporting service providers, RentTrack reports to all three credit bureaus.
Residents track their score and receive credit alerts
Residents can view their score, see factors affecting their credit, and track changes with monthly updates.
Add up to 24 months of past rent payments
Residents can impact their credit score with the option to add previous rent payments (additional fee may apply) to their credit report.
CALIFORNIA REGULATIONS
SB-1157 & AB-2747
Comprehensive Compliance Solution
Effective July 1, 2021 (SB-1157) and July 1, 2025 (AB-2747), California requires that affordable and certain multifamily Property Managers offer rental reporting options to residents. RentTrack provides a comprehensive compliance solution for both regulations, helping Property Managers meet all state and federal reporting requirements while improving residents’ financial well-being.
California Rental Reporting Laws
- SB-1157 (Effective July 1, 2021)
Property Managers must offer rental reporting to residents in affordable housing. - AB-2747 (Effective July 1, 2025)
Rental reporting requirements expanded to provide access to a broader range of rental communities beyond affordable housing.
RentTrack is compliant with both SB-1157 and AB-2747 and provides solutions for you to remain current with state and federal requirements.
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Comprehensive Compliance Toolkit
Digital Package
- Tenant notification template
- FAQ & disclosure sheets
- Step-by-step implementation guide
- Best-practice recommendations for rent-reporting communications
Additional Features
- Intuitive resident experience
- FCRA compliant
- Seamless integration with RentTrack’s reporting platform
- Rent reporting fee can be paid directly to RentTrack
Our commitment to security
PCI Compliant
Protection of your sensitive data is important to us. We work with an independent security assessor to conduct audits of our processes and systems to uphold the highest PCI standards.
Secure Practices
We use state-of-the-art cryptographic algorithms during data transmission and in our databases. We do not store sensitive credit or banking data on our servers.
