A Tenant Credit Check aka Consumer Credit Report is an important aspect of your tenant screening process. It allows you to determine the truthfulness of the prospective tenant by comparing the personal information on the credit report to the personal information on the rental application. i.e. name, date of birth and ssn, current and previous addresses. Fraudsters and High Risk Tenants often provide false information!
A tenant credit report shows you the kind of pay pattern the prospective tenant has. i.e. always late, collections, bankruptcies, unpaid accounts. This is valuable information for a landlord and establishes whether or not the prospective tenant meets your credit worthiness criteria.
Tenant Credit Checks are a valuable tenant screening tool.
A tenant criminal record search minimizes risk of landlord liability. Landlords should conduct as much due diligence as is reasonably necessary to ensure the safety of other tenants, neighbors and themselves. Given the litigious society that we live in today, it is wise to minimize risk and to do what is reasonably necessary to prevent occurrences of criminal activity that negatively impact or harm other people. Ask yourself... that in the event of an incident, would I be seen to have conducted a reasonable amount of due diligence to minimize risk to other tenants or the community? Should I have known that I rented to a career criminal that had the potential of putting other people at risk of bodily harm? The answer is YES.
The Eviction Search is sourced from one of the largest Eviction databases in the U.S. The combined database displays money judgments, possession-only judgments, skips and property damage claims.
Remember that not all landlords report evictions, it is important therefore that part of your criteria includes tenant worthiness. Call the current and previous landlords to ensure that rent payment was made on time and that the tenant was not evicted. These searches serve to minimize risk; they do not cover all bases and do not provide 100% of the information that may be available. So a phone call to the current and previous landlord is an important aspect of your tenant check process.
Tenant screening should include an eviction search, it is an inexpensive way to minimize risk. This is your business, and your responsibility to have a thorough screening process.
CriminalFraud Landlord Fraud page will provide you with valuable information on how to interview a landlord and determine whether you are getting the truth or not.
When you order all 3 reports, the Eviction Search is included at no cost. This is one of the best deals that you will find on the internet. Sign Up for the best tenant screening service that also gives you the best price.