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Regular Contributor
tonyTe
Posts: 70
Registered: ‎11-17-2010
0

Credit check or tenant report recommendation needed

any recommendation on which and where to get this information of the potential tenant? Thank you.

Silver Contributor
bld999
Posts: 471
Registered: ‎04-15-2011
0

Re: Credit check or tenant report recommendation needed

I ask them to obtain and provide a credit report with maximum detail [ not just a fico score] from one of the big 3. If the prospect is self-employed, provide 2 years schedule c as well. Most people have this in hand ready to present to a landlord in busy markets. You can see any late payments, how many credit cards, carried balances, etc. Much better info than just a fico score.

 

Silver Trusted Contributor
SamShuehRealtor
Posts: 891
Registered: ‎10-27-2008
0

Re: Credit check or tenant report recommendation needed

[ Edited ]

There are rental credit companies. Interested any evictions, foreclosures history etc. They assign a rating as highly recommended, recommended and least likely recommended in a statistical fashion.  FICO indicated life style, rental history is the key.

 

Those borderline I sign month to month contract not yearly...