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WARNING: DO A TENANT CREDIT AND BACKGROUND CHECK – HERE’S WHAT YOU NEED TO KNOW

Fotolia_493619_leaseA bad tenant is like a mother-in-law who just won’t leave – only worse! Evictions are a slow, painful process, and the damage may be done before you can undo your bad decision.

Don’t hand over those keys until you have checked:

A Credit Report is not the only way to judge a tenant, but it does show, at a minimum, the applicant’s ability and willingness to commit to financial obligations.

Eviction History shows you what a current landlord reference might not – especially if they are eager to unload their problem tenant on you.

Criminal Background Checks protect you, your other tenants, and neighboring property owners. Nothing lowers your property’s rental appeal faster than giving the keys to a known at-risk tenant.

Avoiding Identity Fraud is a huge challenge today. Verify the information on the application – check employment and banking references, talk to the current landlord.

After running a tenant credit and background check, go with your gut! Look for signs your applicant isn’t on the up-and-up:

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  • Wants to pay in cash
  • Is in a hurry to move in
  • Doesn’t provide documents
  • Fails to complete sections of the application

 

Sign up now for tenant screening services – credit checks, criminal background checks, eviction history. Join American Apartment Owners Association today for deals on doing a tenant credit and background check, bad rent collection, legal forms and directories, and so much more!

  • John Thompson

    Good information and very timely,

    We are just getting ready to screen several new (prospective) tenants through AAOA. Will be sure to take your advice.

    Keep it coming!

    -John Thompson

  • betty

    can a tenant check their eviction history for themselves?

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