California property managers

Get your portfolio compliant with SB 1157

What is California Senate Bill 1157?

Beginning July 1, 2021, California Senate Bill 1157 (SB 1157 or the California Rent Reporting Bill) requires property managers who own or operate at least 15 affordable housing units to offer rent reporting to their renters. Rent reporting is the process or furnishing rental payment data to the credit bureaus, it serves as an effective way for on-time payers to build credit with one of their largest monthly expenses—rent. Property managers can cover the cost of rent reporting or pass the fee onto the renters that opt in.

Boom is a compliant solution for SB1157

As an FCRA-compliant data furnisher, Boom reliably reports rental payment data to all three major credit bureaus.

Fully digital solution

End-to-end software that can integrate with your property management system.

Fully digital solution

Ready-made digital assets

Easy renter rollout with pre-made email templates, marketing materials, lease addendums, and more.

Ready-made digital assets

Compliance
documentation

Certificates and reporting to prove you're in compliance.

Compliance
documentation

Easy payments management

Options to charge your renters directly or have them pay via the Boom app.

Easy payments management

Responsive 
support staff

Dedicated team members to answer questions from you and your renters.

Responsive support staff

All 3 credit bureaus

Boom reports rent payments to all three major bureaus—Experian, Equifax, and TransUnion—so your renters get maximum credit impact across the board.

You may also be wondering ...

I'm a property manager of affordable housing units in California, when did this bill go into effect?

California Senate Bill 1157 (SB 1157 or the California Rent Reporting Bill) went into effect on July 1, 2021.

When do I have to present the offer to residents?

Property managers must offer on-time only rent payment reporting at the time of leasing and once annually thereafter.

Ready to offer rent reporting?

Use BoomReport to ensure your portfolio is compliant with SB 1157.