Tenant Credit Report includes:
Tenant Credit Report includes:*Credit Score *Payment Patterns/Payment History*Public Record Search (tax liens, Bankruptcies, judgments, SSN Validation* Residence/ Employment Information according to what Bureaus have on file).
Prior Address Locator National search for addresses that have been associated with the applicants social in the past 20years.
Eviction Report Our National Evictions Database consists of actual reports that search specifically for Evictions within the State Court Database. Unlike other companies, this information is not just based on Civil Judgments or UD/Skip.
Landlord Verification our expert verification team contacts current landlord to verify rental essential information about your tenant. We make at least 3 attempts to collect this information.
Employment Verification our expert verification team contacts current Employer to verify Employment status and income information. We make at least 3 attempts to collect this information.
Criminal Record Our system interfaces directly with a nation-wide court, DOC, probation and other legally accessible databases to search for Criminal Record information on your prospective tenant. Date of Birth is needed in order to run this search.
Applicant Fraud Protection Verifies legitimacy of social, issue date, who the ssn was issued to and Year of Birth.
Package Pricing available for high volume purchases. All of the above database searches are live and in real time.
The Pareto Principal known as the 80/20 rule dictates that 80 percent of landlording problems will come from 20 percent of tenants. But most of these problems can be eliminated by properly screening tenants. This is done by checking three basic areas: credit history, past tenant behavior and employment history.
The first step is to require all prospective tenants to fill out a written rental application that should include the following basic information:
Landlords should always charge an application fee because it weeds out most (not all) applicants who are not serious. The application fee will also cover your cost for pulling the tenant's credit report.
Your application should clearly state that you are going to perform a credit check. The credit report is especially important because it will indicate whether a prospective tenant has a history of paying rent or bills late, has gone through bankruptcy, or has ever been evicted. Many companies will allow you to pull a credit report and credit score on prospective tenants. You don't want to rent a house or apartment to someone who has trouble paying the bills.
Before choosing tenants, landlords should check with previous landlords and other references. Call their current landlord and ask about their payment history. One problem: Sometimes a current landlord may want to get rid of a bad tenant and they will embellish the tenant's payment history. A safety net is to also contact the previous landlord.
Landlords should always verify income and employment. Ask for a copy of the two most recent pay stubs. Call their employer to verify information entered on the application. Call their supervisor to verify their employment history, income, and likelihood of continued employment. If necessary you can send a verification of employment form to the employer which they will fill out and return to you.
Also be aware that is illegal to reject an applicant based on age, sex, disability, religion, race, sexual orientation, or if the applicant has children. If the person has a poor credit history, cannot hold down a job and finds it difficult to keep a minimum balance in his or her checking account, you are well within your rights to reject his or her application. Keep in mind that if you turn a tenant down because of information found on a credit report, the applicant can ask why and how the information was obtained so he or she can request the same information. You may also choose to perform a background check as part of your tenant screening process.
When it comes to finding a tenant, you can't be too careful. You are, after all, opening up your home to this person and trusting him or her to pay rent once a month. Proper screening should provide acceptable tenants to rent your property.