Conducting a credit check on a new tenant can help identify if they will likely fall behind on rent or cause other problems. An eveiction is not only time consuming but can be very expensive. Something ALL landlords want to avoid.
The types of credit reports can be quit different amongst different landlords and property managers. There is the standard credit report that lists the persons credit score, collections, and negative payment history; if any. Although these are typically for other lines of credit (etc), it can help you determine if the tenant would be a good fit.
Then you have the tenant screening reports. These simply focus on items that are relevant to the landlord. Most landlord do not report unpaid rent to the credit bureaus but they will to the tenant screening companies. RentBereau is one of the many companies.
While some tenant may not want thier credit checked, it can actually be beneficial to others. Renters with little or no credit can build thier score by maintaining on-time rental payments assuming the landlord will submit this information.
For More Information on Rental Properties:
Olympic Real Estate Group
9401 East Street
Manassas, VA 20110
Email: [email protected]
Manassas Property Management, Manassas Property Manager, Property Manager Manassas, Property Management Companies Manassas, Manassas VA Property Manager, Manassas VA Rental Manager, Manassas VA Property Management, Manassas VA Leasing Office, Leasing Office Manassas VA, Rental Property Manager Manassas, Manassas VA Rental Property Manager, Manassas va Military Rentals, Century 21, Century 21 Manassas Realtor
The types of credit reports can be quit different amongst different landlords and property managers. There is the standard credit report that lists the persons credit score, collections, and negative payment history; if any. Although these are typically for other lines of credit (etc), it can help you determine if the tenant would be a good fit.
Then you have the tenant screening reports. These simply focus on items that are relevant to the landlord. Most landlord do not report unpaid rent to the credit bureaus but they will to the tenant screening companies. RentBereau is one of the many companies.
While some tenant may not want thier credit checked, it can actually be beneficial to others. Renters with little or no credit can build thier score by maintaining on-time rental payments assuming the landlord will submit this information.
For More Information on Rental Properties:
Olympic Real Estate Group
9401 East Street
Manassas, VA 20110
Email: [email protected]
Manassas Property Management, Manassas Property Manager, Property Manager Manassas, Property Management Companies Manassas, Manassas VA Property Manager, Manassas VA Rental Manager, Manassas VA Property Management, Manassas VA Leasing Office, Leasing Office Manassas VA, Rental Property Manager Manassas, Manassas VA Rental Property Manager, Manassas va Military Rentals, Century 21, Century 21 Manassas Realtor