Fri, Jul 03, 2009
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Tenant Credit Checks |
paulsr
2 Posts
Member Since: 12/11/2005
Las Vegas, NV
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Posted: 15:18 on 12-11-2005
I am a new investor trying to run credit reports on potential tenants . The on-line services I have cantacted so far wants so much information from me that I would have to be a licensed Proerty Manager or produce deeds, tax info etc. for each property I want to rent out., and meet a security inspection request to insure records are properly kept ****Must participate a while before posting URL's***here must be an easier way.
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mrmark
140 Posts
Member Since: 01/03/2004
Prospect Heights, IL
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Posted: 19:36 on 12-11-2005
You could request a credit report be supplied by the prospective tennant -obtained from the www.internet.Then offer a remebursement of the $15 if you accept them.
Ask them to go to- www.myfico.com - to obtain a report.
and have them print it out .This shows a serious intent on their part & helps you quickly evaluate them.
This will eliminate a lot of poss. renters, but also
shows they're for real. just a suggestion!
Mark
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paulsr
2 Posts
Member Since: 12/11/2005
Las Vegas, NV
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Posted: 14:19 on 12-12-2005
Excellent suggestion. Thanks mmark
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jam200
650 Posts
Member Since: 02/19/2004
Temple, GA
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Posted: 16:13 on 12-12-2005
I use National Tenant Network. I give a form to the potential renter, they fill it out, I fax it to NTN, they do the research, and send me a form back. Costs about $35.00 for a full report. Google them for their website...
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d_random
1295 Posts
Member Since: 11/09/2004
Greensboro, NC
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Posted: 16:31 on 12-12-2005
I would suggest www.rentsafe.com. It has a seperate section for independant owners.
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JRendell
166 Posts
Member Since: 10/14/2004
Murrieta, CA
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Posted: 19:34 on 12-12-2005
I use saferent. I did have to submit information like you are saying, but they need it to verify you are not going to use information for wrongful purposes. Saferent gives you a rating according to the credit, background, and other various things. Then you can evaluate it from there using their "risk score" and your own judgement. Total cost for everything is $35.00 per adult. One thing that I learned to pass on to you. Make sure that you select a company that does backgrounds in your state. Rentsafe does not do backgrounds in California.
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d_random
1295 Posts
Member Since: 11/09/2004
Greensboro, NC
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Posted: 20:11 on 12-14-2005
Good info. Thanks JRendell. 
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