Tenant Credit Checks

Prevent fraud and reduce risk of income loss.

ATS Passport for Landlords

ATS Passport and Experian's Connect benefits the Residential Rental Industry that includes landlords and property managers.

  • You have the option of paying or passing the cost on to the tenant-no cost to you.
  • You receive a full consumer credit report designed specifically for screening tenants.
  • High Risk tenants will not be able to provide false information.
  • "Connect" protects both landlord and tenant.

 

Minimize Risk

Landlords that want to minimize the risk of renting to bad tenants have a plan that incorporates a due diligence process called tenant screening and also tenant verification. Landlords that want to minimize the risk of renting learn how to run a tenant credit check.

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Tenant Screening

It used to be that years ago a hand shake was good enough to seal the deal in not just tenant screening, but most transactions. People really were as good as their word. In today's society a hand shake doesn't cut it. Tenant screening including tenant credit checks, eviction...

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ATS Tenant Screening

Tenant Screening is just as important as buying house insurance. Every house owner has insurance to protect against major loss. It makes good business sense then to obtain a tenant credit check and to conduct a tenant background check that includes calling the current landlord to minimize risk of income loss owing to high risk tenants. When you eliminate the tenant screening process, you are playing the rental income loss odds. When you turn the key over to a tenant whom you know nothing about... you can bank on late rent payments, tenant hassles, damaged rental property and many other frustrating elements that bad renters create. Conducting a thorough tenant background check by having an effective tenant screening process, eliminates risk and makes the renting experience a much more pleasant one. Your tenant background check should include a checklist which can be found in the forms section after log-in. Where your tenant screening process is the same for each applicant, you minimize the risk of being seen as discriminatory.

 

In many instances landlords and property managers risk much to gain a little. They forego the tenant credit check and the rest of the tenant screening process that includes a tenant background check to save a few dollars. The ten thousand dollar question(s) for any landlord should be, is the applicant credit worthy and tenant worthy? If the answer is unknown then there is a potential for huge income loss.

 

So if the same principle is applied to tenant screening as it is to buying house insurance, then every applicant needs to have a thorough tenant background check.

 

Why take a risk? Seriously, why take a risk? Would you hire a babysitter for a child whom you nothing about? Right...then you should know who is getting the key to your rental unit.

 

The difference between credit worthiness and tenant worthiness? Credit worthiness is self-explanatory. Tenant worthiness includes things such as >determining if rent is paid on time>never having been evicted>not having a criminal record for violent offences, for drug trafficking, for sexual offences etc. etc. the list goes on. Make a list of criteria that you want each applicant to meet, then implement it for each applicant. Remember to have a checklist. So you can point to it and say...this is what I use for every applicant.

 

ATS has one of the best tenant screening processes in the business. It has deterrent and incentive forms which you will learn more about when you obtain a NO COST membership. ATS is a risk free service with a Satisfaction Guaranteed or Money back policy.

ATS Passport for Tenants

"ATS Passport" is a benefit and a tremendous step forward for the Residential Rental Industry that includes tenants.

 

Why is it a good sign when a landlord does tenant screening?

 

  • It shows pride in rental property when there is a criteria that tenants must meet.
  • A proper tenant screening and tenant background check, should minimize the risk of renting to high risk tenants who negatively impact the tenant community.
  • A landlord who doesn't have to spend money on evictions process, on repairing willful damage to rental property, is likely to spend more money on maintenance.
  • Happy landlord = happy tenants!

 

Minimize Risk

As landlords want to minimize risk of renting to bad tenants, so too should tenants minimize the risk of renting from bad landlords. Landlords who don't care about tenant welfare are often referred to as slumlords. Most tenants do not want a slumlord for a landlord.

Tenant Rights

 

More info about Tenant Rights

 

Tenantsinfo.com

Enhance Your Rent Application

Landlords and property managers have to decide which applicant to choose where there are several applications for same rental.

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ATS Tenant Screening for Tenants!

There are many articles written on tenant screening, tenant credit checks, tenant background checks etc. for landlords, but very few articles for tenants. In a perfect world there would be no such thing as screening tenants, unfortunately we don't live in a perfect world.

 

So why is tenant screening as good for tenants as it is for landlords? Approximately 90 percent of tenants are good tenants. That is...they pay their rent on time, obey rules of the lease agreement and generally make life easy for the landlord and other tenants.

 

But...there is that 10 percent who make life difficult for landlords and for tenants. They don't pay their rent on time and they generate complaints from other tenants who are negatively impacted.

 

These 10 percenters are noisy and unruly, and they participate in risky or criminal behavior, and just plain make life uncomfortable for the tenant community. This becomes intolerable where the risky or criminal behavior results in someone getting physically hurt or causes a daily mental stress that has a negative impact on ones lifestyle.

 

Where a landlord does a good job at screening tenants... risky or unacceptable behavior is minimized! The more criteria and the higher standards for tenants, the better the renting experience.

 

Tenants have Rights and Responsibilities as noted in www.tenantsinfo.com , one of those Rights is... to have peace and quiet enjoyment of property. Now, there are several meanings to this and you can Google it. But we are talking about the Right to peace and quiet enjoyment as it relates to noisy or unruly tenants. And this is why tenant screening is as good for tenants as it is for landlords. Screen out those tenants who will have a negative impact on the tenant community because of bad behavior.

 

There is always some kind of risk when a landlord hands over the keys to a rental unit without conducting a tenant background check.

  • Criminal activity and other high risk behavior

  • Noise that interferes with quiet enjoyment of property

  • Visitors that end up staying who interfere with quiet enjoyment of property

  • Pets that aren't allowed and cause problems

  • And the list goes on.

 

OK let's shift focus a bit. Do some landlords take advantage of tenants with respect to a tenant credit check or tenant background check? YES!

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How ATS Passport works

"ATS Passport" and Experian Connect was designed to minimize the risk of identity theft.
Tenants order their own consumer credit report and allow the "End User" AKA landlord/property manager to view it.
This is the way all credit bureaus will do business in the future. The onus will be on the tenant to proceed with the rental application. Read more

 

 

Landlord Liability

What is the normal risk to landlord or property manager who doesn't do a tenant background check or a tenant screening? Consider:

  • unpaid rent
  • damaged rental property
  • loss of rental income owing to repairs or an eviction or getting a new tenant

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Rights & Responsibilities

 

for Landlords Opens in a new tab

 

for Tenants Opens in a new tab