How to Build Good Credit While Renting in Nevada: The New Law That Could Unlock Your Path to Homeownership

By The Mor Group & RentMor

If you’re renting in Nevada — whether in Las Vegas, Henderson, Reno, or anywhere else in the Silver State — this news is for you: As of yesterday, a groundbreaking federal law requires lenders to consider your rent payments when evaluating your credit for home loans.

For years, responsible renters like you have faithfully paid rent on time, only to find that those payments didn’t help build credit or strengthen mortgage applications. That changes today. At The Mor Group and RentMor, we’re here to help you understand what this means — and how you can leverage your rent payments to build a stronger credit profile and get closer to buying your own home.

Traditionally, rent payments have not been included in credit reports or credit scoring models used by lenders. This left many renters at a disadvantage, especially those without other forms of credit, like credit cards or loans.

But with this new law:

• Rent payments must be counted as part of your credit history when lenders evaluate mortgage applications

• Your consistent, on-time rent payments can improve your credit score

• Lenders get a clearer, more complete picture of your financial responsibility

Simply put, your rent can now work for you in building credit and qualifying for a mortgage.

Here’s how to maximize the benefits of this law and start building good credit while renting in Nevada:

1. Confirm That Your Rent Payments Are Being Reported: Ask your landlord or property management company if they currently report rent payments to credit bureaus. 

2. Use a Rent Reporting Service If Needed: If your landlord doesn’t report your rent, you can sign up with trusted third-party services like RentTrack, RentReporters, or LevelCredit. These services report your verified rent payments to major credit bureaus, helping build your credit independently.

3. Always Pay Rent On Time: The power of rent reporting comes only from consistent, on-time payments. Set up automatic payments or reminders to avoid late fees — and more importantly, to protect your credit score.

4. Keep Clear Records of All Payments: Save your rent payment receipts and confirmations. If any discrepancies appear on your credit report, having documentation will help you resolve them quickly.

5. Monitor Your Credit Report Regularly: Use free tools like AnnualCreditReport.com or Credit Karma to track your credit score and verify that your rent payments are being reported accurately.

What This Means for Nevada Renters Planning to Buy a Home

This new law levels the playing field for renters across Nevada, especially in high-demand markets like Las Vegas and Reno. If you’ve struggled to build credit through traditional methods, your rent payments are now a powerful asset to showcase your reliability to lenders.

By demonstrating consistent rent payments, you’ll improve your chances of mortgage approval, potentially qualify for better interest rates, and get one step closer to owning a home.

At The Mor Group and RentMor, we understand the challenges renters face when transitioning to homeownership. Whether you need advice on credit building, understanding rent reporting, or navigating the homebuying process in Nevada, our team is ready to guide you.

Don’t let your rent payments just cover your roof — let them help you build your future.

Contact The Mor Group & RentMor today for expert guidance and personalized support.