CALIFORNIA LEGISLATIVE INFORMATION

What California’s New Rent Reporting Law Means for Landlords and How CredHub Can Help

California’s AB 2747 is set to bring significant changes to the rental market starting in 2025.

How it works

The new law requires landlords to offer tenants the option of reporting their positive rental payments to credit bureaus. This is a great opportunity for tenants to improve their credit, but it also places new responsibilities on landlords.

What Landlords Need to Know

This law provides a pathway for tenants to build their credit through on-time rent payments, but it also means landlords must find a way to handle rent reporting without incurring extra administrative burdens.

Mandatory Offer
Landlords must provide tenants the option to report rent payments at lease signing and once a year thereafter, starting in 2025.

No Fee Mark-Ups
If landlords charge a fee for this service, it must be the actual cost, capped at $10 per month.—if there’s no cost to the landlord, no fee can be charged.

Exemptions
Landlords with 15 or fewer units are exempt unless they own multiple properties or are structured as a corporation or LLC.

CredHub is trusted by industry leaders

Hear From Our Customers

Our experience with CredHub has been phenomenal! Being able to report to the credit bureau has been a huge selling point for our Resident Benefit Package, and also acts as an incentive to promote on time payments. CredHub made on the onboarding process seamless, and they even pull data directly from our management software every month. The team is always checking in on us to make sure that we are 100% satisfied. I highly recommend them!

We have been working with CredHub for a year now and we have been very impressed with how they run their business. They have always been professional, knowledgeable, courteous, and responsive. It’s very rare to find value added services that benefit everyone involved to include tenants, property owners the Property Management companies. If you’re looking to improve your collection rates and minimize bad debt, CredHub is the answer!

When my company decided to start using CredHub, I was initially concerned about the amount time I would be spending on reporting as I don’t have much time to spare. I was pleasantly surprised to find out that it only takes me about 10mins to submit my monthly reporting once I have logged into the CredHub portal. The portal is very user friendly and easy to navigate. The CredHub staff is amazing, they are always professional and quick to respond to emails and phone calls and happy to assist.

I've been happy with our partnership with CredHub. The staff is open to our questions and inputs and Sue (our account manager) is always so kind and responsive. And who couldn't love a service that helps your residents build their credit while renting from you? If you're hesitant to make. the commitment, just do it. It's simple to report each month (less than 5 minutes) and these guys actually answer your email if you have questions or issues. They're here to help!

With AB 2747 on the horizon, partnering with CredHub can save you time, effort, and ensure you remain compliant with the new regulations.

Key Benefits:

CredHub manages the reporting to all major credit bureaus, ensuring accuracy and timeliness.

We ensure you comply with the law by charging tenants only the actual cost.

CredHub connects with your existing systems, so compliance is straightforward and efficient.

How CredHub Simplifies Compliance

CredHub offers an all-in-one solution, including a free version, that integrates with property management systems to ensure seamless rent reporting. We take the hassle out of compliance by automating the process and ensuring you meet the legal requirements without extra effort.