Pulling Credit Reports For Tenants
2010
Credit report questions on possible tenant?
I am planning on renting out an investment property for around $800-850/mo. Single family home. I am new to this. I was told that its a good idea to pull a credit report on applying tenants. I have a good legal application permiting me to do so with their signature and info (of course). But what will I be looking for? Above a certain score? Recent bankruptsy is a given. I just need some tips from any landlords out there. Thanks in advance. Im in VA btw.
People can have a really good credit score and be chronically late with their rent.
A good credit score means they pay their bills that get reported to credit agencies. It doesn’t reflect rental payments.
If they don’t pay their rent on time and wreck the place, who gives a hoot if they pay Mastercard and Visa on time?
Call their last two landlords, and make sure the references they gave you match the owners listed on the town tax records.
CRA Hearing in Los Angeles, August 17, 2010 — Part 4
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