Landlords and property managers use the Rental 1 format to report residential rental credit to the credit bureaus. The TransUnion credit bureau created the Rental 1 Format especially for the property management industry. Datalinx uses the Rental 1 format to report rental and lease data to a consumer’s credit file.
Our custom software seamlessly converts your tenants’ payment data into the Rental 1 format. As a property manager, you’ll just enter your tenants’ data in to our simple template. We’ll take care of the rest.
You don’t have to worry about integration with your existing systems, either. Datalinx’s tenant consumer credit reporting software will work with your current software.
Why Rental 1?
Rental 1 is a great option for landlords, HOAs, and other real estate organizations. Overall, there are a lot of benefits to using Rental 1:
- Offers one standard format for reporting rental and lease data on the consumer credit file
- Meets the requirements of both the Fair Credit Reporting Act (FCRA) and Fair Credit Billing Act (FCBA)
- Includes added special comment codes to better define rental and lease tradelines
- Allows reporting of rental payment history up to 24 months
- Lets you report detailed information at both the account and tenant level
Datalinx will help you take advantage of all of these benefits.
Are you ready to report residential rental credit data?
If so, partnering with Datalinx, a premier credit data reporting service, is a great first step. Our Rental 1 credit reporting software solution helps you report your property management data accurately and on time. And the benefits of reporting your tenants’ payment data, including judgments, skips, and evictions are exponential.
For those tenants who pay on time, they’ll appreciate that you’re helping them build their credit. When you add their positive payment histories to their credit reports, their overall score goes up. On the other hand, the risk of being reported may discourage others from paying late or skipping out on rent.
Contact Datalinx to get started today.