Piñata’s Solution for California Landlords: Navigating AB 2747 Compliance

New York Wire Contributor

By: Mandie Erickson

LOS ANGELES, CA — California landlords with 15 or more rental units are rapidly approaching the April 1, 2025 deadline to comply with AB 2747, a new state law requiring landlords to offer tenants the opportunity to report their rent payments to credit bureaus. This legislation aims to foster greater financial inclusion by allowing renters, who may have little to no traditional credit history, to build their credit scores through on-time rent payments.

Piñata, a rent rewards and reporting platform, has developed a streamlined, cost-effective solution designed to help landlords meet the requirements of AB 2747. Piñata’s automated platform enables landlords to effortlessly integrate rent payment reporting into their existing property management systems. This solution minimizes administrative effort while providing added value to both landlords and tenants.

AB 2747 is a significant step in promoting equitable credit access, reshaping the way rental payments are perceived by the financial system. Instead of being viewed purely as an expense, rent can now serve as a tool for credit-building. As the compliance deadline approaches, Piñata offers a plug-and-play platform that helps landlords meet the law’s requirements while also offering tenants the chance to improve their credit scores and unlock financial opportunities, all with minimal administrative burden for property owners.

Piñata’s solution meets the requirements of AB 2747 and offers:

Automated reporting of rent payments to major credit bureaus such as Equifax, Experian, and TransUnion
Integration with existing property management systems
Back reporting for up to 24 months, potentially helping tenants strengthen their credit profiles
Cashback rewards and perks for on-time payments

Lily Liu, Founder & CEO of Piñata

“This law represents a step toward greater financial inclusion, and Piñata is pleased to support landlords and tenants in navigating it,” said Lily Liu, Founder and CEO of Piñata. “We’re here to help landlords comply with the law with confidence while offering tenants tools to build credit and access financial opportunities.”

This initiative marks a positive shift in the rental housing industry by combining the power of technology with progressive policy to improve financial outcomes for both tenants and landlords. Through collaboration with housing associations and leveraging Piñata’s capabilities, this partnership aims to shape the future of property management and empower tenants.

Beyond compliance, Piñata’s approach could promote long-term tenant satisfaction and loyalty. Tenants gain access to exclusive perks, while landlords have the opportunity to offer a unique amenity that has a potentially meaningful impact—making Piñata more than just a compliance tool, but a possible business asset.

About Piñata

Piñata is a national rental membership program founded in 2020, with a mission to make renting smarter and more rewarding for both tenants and landlords. Piñata offers renters a unique set of financial benefits, including rewards and opportunities to improve credit scores, while providing landlords with a valuable amenity. While Piñata does offer a free version of the program, the cost of a Piñata membership is just $60 per year, making it one of the more affordable membership programs of its kind. For more information, visit www.pinata.ai.