Our company does tenant screening on all new potential residents. We have a company policy that we do not lease to anyone with a FICO score on their tenant credit report under 640. A FICO score of 640 is just a “C” rating. If you lease to someone with a score below 640 your are getting into a “D” rating. They have quite a few unpaid bills and collections. Our company chooses not to lease to these people because we do not want to be their next creditor. We run the reports while the resident is in the office and use www.instantbackgroundchecks.us. They are the best for tenant credit reports.
Archive for the 'tenant screening' Category
I own a small apartment complex and we have a policy that we never lease to anyone with a credit report, and the fico score must be over 640. Doing a tenant credit check has helped me weed out a lot of undesirables if they are not paying their creditors I do not want to be the next in line. I usually have my laptop with me and approve them or deny them on the spot using www.quickbackgroundchecks.com.They have saved my day. Their information comes back instantly. I love this quick technology.
Before buying a foreclosure either from the court house steps or from a real estate agent it is very important to know how much it is going to cost to fix it up rent it out. Cosmetic improvements are not very costly but structural ones can be very costly and before you know it you have put a lot of money into the house you just bought as a bargin. Obviously tenant screening is a critical part of pre-leasing your properties. This can save you a lot in debt collection later. www.instantbackgroundchecks.us is who I have used in the past and always been happy with the fast results. I have also reported deadbeats to them in the past