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

 

• • 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. There’s no room for profit—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. 

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. 

How CredHub Simplifies Compliance CredHub offers an all-in-one solution 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. 

Key Benefits: 

 

• • Streamlined Reporting: CredHub manages the reporting to all major credit bureaus, ensuring accuracy and timeliness. 

 

• • No Fee Mark-Ups: We ensure you comply with the law by charging tenants only the actual cost, with no mark-ups allowed. 

 

• • Easy Integration: CredHub connects with your existing systems, so compliance is straightforward and efficient. 

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