“A-to-Z” on A.B. 2747 – Reporting Rent Payments to Credit Bureaus

“A-to-Z” on A.B. 2747 – Reporting Rent Payments to Credit Bureaus

 Beginning on April 1, 2025, Assembly Bill 2747 (A.B. 2747) requires that many housing providers report their tenants’ “positive” rent payments to at least one major credit bureau. Understand your obligations under this new state law and learn how you can easily comply.

Details 

When:                         Thursday, July 10, 2025 from 11:00 AM – 12:00 PM (Noon)

How to Attend:           Exclusively for AAGLA Members.  Logged In Members Can Register Using the “Register Now” Button.

New in 2025, many Landlords must offer tenants the option to have their positive rental payment information reported to at least one nationwide consumer reporting agency: (i) for leases commencing on or after April 1, 2025, an offer must be made at the time of the lease agreement and at least once each year thereafter, and (ii) for existing leases as of January 1, 2025, the offer must be made no later than April 1, 2025, and at least once annually thereafter. Participation in positive rent reporting by tenants is optional, and tenants may opt in at any time after receiving an offer and may also request in writing to stop the reporting.

A.B. 2747 does not necessarily apply to larger operators.

Owners are required to comply with A.B. 2747 when:

• Landlord owns a property with 16 or more rental dwelling units on a single parcel, OR
• Both of the following situations apply: (i) Landlord owns more than one residential rental building, AND (ii) Landlord is a real estate investment trust, a corporation, or a limited liability company with at least one corporate member.

STAY IN COMPLIANCE WITH THE LAW…YOU DON’T MISS THIS IMPORTANT UPCOMING, NEW WEBINAR – THIS IS YOUR CHANCE TO BE UPDATED ON THE REQUIREMENTS OF A.B. 2747 AND ALSO LEARN HOW YOU CAN EASILY COMPLY…ALL FOR FREE!  

WEBINAR DISCUSSION TOPICS INCLUDE:

• What is Assembly Bill 2747 and what does in entail?
• Does Assembly Bill 2747 apply to you?
• What is a “positive rent payment?” Can you also report late rent payments?
• What qualifies as a major or national credit bureau? How to report and how much does it cost to report?
• Can I charge-back my tenants for the cost of my compliance? How much and how often?

The discussion will be moderated by Daniel Yukelson, AAGLA’s Executive Director. This is another of many member-exclusive informative online sessions we have been offering.  Please log in to register.  If you have any questions regarding this event, please contact Events Manager Diana Alcaraz via email at diana@aagla.org.  We look forward to your joining us.

Important Disclaimer: The information and materials provided during this presentation is for general information purposes only. Absolutely no legal or tax advice is being given during this presentation. Keep in mind that every situation is unique, and the laws, rules and regulations are subject to change at any time. So, before acting, be sure to obtain tax and/or legal advice from your licensed professional.

Featured Speaker:

Elsa Sanchez, Chief Executive Officer, Credit Rent Boost

Elsa Sanchez joined 950 Credit, Inc. (Credit Rent Boost) in 2018 and was promoted to Chief Executive Officer in 2020. Under her leadership, the company has continued to grow and expand its presence in the credit and rent reporting industry. Before joining 950 Credit, Elsa built a successful career as a top-performing commercial and residential real estate broker. She is also the co-founder and co-owner of a thriving real estate brokerage.

In addition to her professional accomplishments, Elsa is a proud mother of two and is passionate about travel and discovering new experiences.

Featured Speaker:

Gregg Watkins, Chief Development Officer, Credit Rent Boost

Gregg Watkins has been a key player in the credit and rent reporting industry since 2018, when he joined 950 Credit, Inc. (Credit Rent Boost). As Chief Development Officer, he oversees strategic partnerships and leads the company's technology initiatives. Before joining 950 Credit, Gregg was the founder and CEO of a high-tech company specializing in wireless remote controls and automation. With a background in sales and accounting, he brings a unique blend of business acumen and technical expertise, honed through years of hands-on experience as a founder and operator of a company in the technology sector.

 Gregg is married with three children and enjoys spending his free time with family, often engaging in outdoor activities.

Moderator:

Daniel Yukelson, AAGLA Executive Director.

Daniel Yukelson is currently the Executive Director of The Apartment Association of Greater Los Angeles (AAGLA).  As a Certified Public Accountant, Yukelson began his career at Ernst & Young, the global accounting firm, and since then had served in senior financial roles principally as Chief Financial Officer for various public, private and start-up companies.  Prior to joining AAGLA, Yukelson served for 12 years as Chief Financial Officer for Premiere Radio Networks, now a subsidiary of I-Heart Media, and then 3 years as Chief Financial Officer for Oasis West Realty, the owner of the Beverly Hilton and Waldorf Astoria Beverly Hills where he was involved with the development and construction of the Waldorf.  Yukelson also served for 6 years as a Planning Commissioner and for 3 years as a Public Works Commissioner for the City of Beverly Hills.

Presentation By:

Credit Rent Boost

Credit Rent Boost was established in 2016 and offers landlords a powerful tool to incentivize on-time rent payments by reporting tenants’ rent history to all three major credit bureaus—TransUnion, Equifax, and Experian. By partnering with Credit Rent Boost, landlords can provide a valuable credit-building benefit to their tenants, helping improve payment consistency and tenant satisfaction. Credit Rent Boost adds value to rental properties while promoting financial wellness for tenants. For more information, contact Gregg Watkins at (480) 360.6736 or Gregg@CreditRentBoost.com, or visit the company’s website at https://www.creditrentboost.com/aagla/.