Credit Checks for Renters
Conducting thorough credit checks for renters every time you need to screen a new rental applicant helps to ensure that you only rent to qualified applicants. The credit check for renter process should always screen for the most comprehensive information available on each of your adult applicants. Landlords often realize that relying on just one trusted source for all their credit checks for renters saves time and money. Trusting in the American Apartment Owners Association for all your credit check for renter screening needs means you get reliable, easy-to-access information quickly, often in real time.
When screening applicants, whether you have one rental property or a hundred and one rental properties, it is crucial that you never skimp on conducting comprehensive credit checks for renters. The cost of screening applicants is often passed on to the applicant during the credit check for renter process. Never attempt to cut corners by conducting your own screening of applicants and never accept any forms or reports from prospective tenants. Just like you can create forms on your home computer, so can an applicant.
Trust the American Apartment Owners Association for all your credit checks for renters.
Credit report – The credit report is an important aspect of the credit check for renter screening but it is not the only report crucial to screening each applicant. The credit report tells you if the applicant pays bills and accounts on time, but does not reveal other crucial information.
Eviction History – Tenants sometimes hope that landlords refrain from conducting thorough credit checks for renters. Some tenants move from one rental property to another leaving a lengthy eviction history behind. Landlords do not want to leave their rental properties sitting vacant any longer than necessary. However, leaving properties unoccupied is better than renting to someone with a recent history of evictions, or even worse.
Criminal History – Criminals often move from one rental property to the next, sometimes in different areas in an attempt to escape from court appearance dates or jail sentences. Including the criminal history search on the state or national level gives you the comprehensive credit check for renter information related to an applicant’s criminal history. Protect your investment in your rental properties as well as the safety of your other tenants and nearby neighbors when you quickly eliminate criminals from consideration.
Terrorist and Sex Offender Search – Terrorists and sex offenders often rent from unsuspecting landlords who fail to conduct the proper credit checks for renters. Include the terrorist and sex offenders in every credit check for landlord package and avoid renting to these dangerous criminal offenders.
Social Security Number Fraud Check – Identity theft is the fastest-growing crime in the country. Applicants committing identity theft use another person’s name to rent properties when they want to hide their true identity. This could occur when a prospective tenant does not want you to find out about their criminal history or their history of failing to pay rent or damaging other rental properties. The applicant may or may not know the true identity associated with the social security number given during the credit check for renter application process. Match the name given by your applicant with the social security number. Obtain other crucial information as well when you obtain results of this important component of the credit checks for renters screening.
It is imperative that you never lower your standards during the credit check for renter process.
Protecting your investment in your rental properties is crucial to your success as a landlord as well as your reputation as a landlord who only rents to the best-qualified applicants. Conducting comprehensive credit checks for renters is an important method of protecting yourself against criminals, scammers and other unqualified rental applicants.
You must remain consistent, conducting thorough credit checks for renters every time you screen a new rental applicant. Avoid handing the keys to your rental property to someone who does not pay rent, who damages the property or has a history of other violations of the rental agreement by weeding out unqualified applicants with the credit checks for renters. Get the assurance you need that you are renting to qualified applicants when you choose the credit check for renter packages from AAOA that best suits your needs.
Rely on the American Apartment Owners Association for the most comprehensive results of your credit checks for renters screening.
Get reliable information, often in real time and the peace of mind that you rent to only the best prospective tenants.