Do I need to be a member of AAOA to order a tenant screening report?
What information does a tenant credit check include?
- Credit Reports (TransUnion, Experian, and Equifax)
- Credit Scores (FICO, National Risk)
- Criminal Records
- Eviction History
- Previous Address History
- Social Security Number Verification
- Sex Offender Search
- Telecheck Verification (NSF check verifier)
- Terrorist and Federal Crime Search
Can I order a tenant screening report at any time, day or night?
I need to run a tenant credit check now. Is this instant tenant screening?
What information do I need from the applicant to order a tenant screening report?
Is the tenant’s email address required to order a tenant credit report?
What if the tenant does not have a Social Security Number?
What if I entered incorrect information when ordering the tenant background report?
Do you verify the tenant’s employment history and/or prior rental history?
I need to run a report on a married couple, do I need to pay for each of them?
Do I need to run a tenant screening report on every person applying to my rental?
Are your credit reports from Experian, TransUnion or Equifax?
What is underwriting?
The underwriting process takes as little as 3 business days and requires you, the rental owner/manager, to send in documentation and complete an onsite inspection. Documentation varies but generally requires a copy of your driver’s license, completed rental applications or leases for existing tenants, and a voided bank check. The onsite inspector will be specifically looking for a locked filing cabinet and a paper shredder.
The fee for underwriting varies from $0 to $79 depending on your AAOA membership. This is a one-time fee if you manage your rentals from a commercial location and a yearly fee if managed from a residential location.
To start the underwriting process simply log in to your account. The option for underwriting will then be found under the Tenant Screening menu.