Increasing credit score via Rental History
I am trying to help my tenants increase their credit scores by reporting their on-time rental payments and would love some suggestions on how to do this.
Cozy.com I believe offered this to some extent but rents needed to be collected through them. (I stand corrected if this is not so). The problem I have with 3rd party collecting is the potential claw-back of rent by a "professional renter" plus my lender needed more information and disclosure to match the funds collected versus directly coming to my account as I do now. I believe even Wells Fargo required the rents to be directly deposited to accounts vs third party to qualify for income consideration.
The goal is to help them become home owners when they move out from my room ( rent by room model) in my pursuit to help others build generational wealth through real estate ownership.