Credit Rent Boost works directly with tenants and landlords to report tenant’s monthly rent payments to TransUnion and Equifax and boost credit scores! While most property management companies and landlords can’t perform this service (due to strict reporting guidelines and a unique vetting process for reporters), Credit Rent Boost has built a process that is easy, fast, and works.

Credit Rent Boost is making the process easier for everyone, with rent reporting and free rental history checks for everyone on the agreement.  We’re also able to establish credit for tenants’ past two years of rental payments and report the last 24 months of their rental history to their credit report. This is the ultimate benefit as recent studies have shown the longer the tradeline reports, the stronger it affects your score.  Find out more about how to build credit with Credit Rent Boost.

Why would you as a landlord want to offer this service? It’s simple: providing a new way for tenants to gain from their on time rent payments ensures those payments come in on time.

Here are some other FAQs about our service and what landlords need to know:

My tenant enrolled in your service, why do you need me?

We truly do not want to inconvenience our landlord friends! Working together means we can make the process as seamless as possible.  TransUnion and Equifax requires that we vet the tenant and landlord to help eliminate any possible fraud.

So what do I need to do next?

There are different documents we need to move through the vetting process. These will depend on the type of landlord you are:

• Property Manager / Apartment Complex: For PMC’s and Apartment Complexes, in most cases, our vetting process is completed in house. By being able to handle all of the required documentation behind the scenes, we truly make it an easy process to report your tenants’ monthly rent payments.
• Individual Landlord and the home is owned in your own name, or the name of your trust: We will need a copy of your photo ID and proof of homeownership.  Most owners provide us a copy of their property tax assessment or the declaration page from their homeowner’s insurance policy.
• Individual Landlord and the home is owned in the name of your company: TransUnion and Equifax requires that we collect a copy of your:
  • Rental Application
  • Business Checking Account Statement (you can black out the account number)
  • 3 Trade References
  • Blank Lease Agreement
  • Proof of Property Ownership (Property Tax Assessment or Page from Homeowner’s Insurance)
  • Photo ID of Registered Agent for LLC

What bureaus do you report to?
Credit Rent Boost reports directly to TransUnion and Equifax.  Experian currently “credits” that rent is paid through several PM programs. This “credit” though is NEVER factored into a real credit score. We are working with Experian to help change that process.

What information do I need to provide if I own the rental property in my LLC?

TransUnion and Equifax requires that we collect a copy of your:

• Rental Application
• Business Checking Account Statement (you can black out the account number)
• 3 Trade References
• Blank Lease Agreement
• Proof of Property Ownership (Property Tax Assessment or Page from Homeowner’s Insurance)
• Photo ID of Registered Agent for LLC

What information do I need to provide if I own the rental property in my own name or the name of my trust?

TransUnion and Equifax requires that we collect a copy of your:

• Photo ID
• Proof of Property Ownership (Property Tax Assessment or Page from Homeowner’s Insurance)

Can I add the cost of rent reporting to my lease?

Yes!  Most of our landlord partners add the retail cost of our rent reporting to their new leases.  This creates a new income center for your community, as well as a benefit for both tenants and landlords.

Have more questions?

Contact Us!

We’re here to help everyone understand the benefits, process, and ins and outs of building credit with rent reporting. Helping people build their credit is our mission, and we couldn’t do it without the help of landlords like you!

Find out more on a wide range of related credit boosting topics on our Blog!