SubscribeMon 14 May 2007
Mrs B. Asks
Hi Dong! WOW this website is off the hook. Quick question: I’m renting my apt and I need to get his credit report. How do I do this? When I go on websites, they assume I’m requesting a credit report for myself. Hope you’re enjoying the sun down there!
When renting out an apartment, I think it’s critical to run a credit screen on your potential tenants. A good tenant who pays in full and on time is worth his or her weight in gold. In some regards, I feel asking for the information needed for a credit screen more useful than the credit screen itself. How a potential tenant reacts is a more useful indicator than the actual credit information. In addition to the credit screen, I would also suggest giving the prospective tenant a relatively simple questionnaire to fill out. Job information, previous residencies, party habits, pets, smoking, etc. In addition, I would also ask for at least one reference from a previous landlord.
Now back to the original question. There are a number of companies that will run credit checks for tenancy purposes.
I’ve used CitiCredit, but there’s also:
These are but a few of the on-line companies that will perform a credit check on a tenant. I’ve only used CitiCredit, so I can’t really comment on the others. They should all charge in the same range, about $10 for each report. I’ve been pleased with CitiCredit. I found the report they issued to be thorough and complete. Before doing a credit screen, you’ll need to obtain his/her social security number from your prospective tenant - another reason to give a questionnaire.
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December 22nd, 2007 at 1:30 pm
For years America’s rental managers and owners have been passive recipients of a credit score when determining the suitability of an application for rent. We now have the first ever National Tenancy Database which is a bureau that stores and exchanges tenants specific information for effective tenant screening. We are taking control of tenant screening and becoming active participants now because for a long time we have been behind the rest of the world. It is not just for apartment history stored on the database,it is for every type rent situation in the country and the information is gathered directly from the managers and landlords. We expect it will become the number one screening tool in the country by the end of the decade. The tenants information is added create a Tenant Score™. The Tenant Score™ is averaged by the number of listings (leases) however the inquirer can see exactly how that tenant lived in their home, if they paid on time, if they broke lease early etc. Every tenant knows they are on the database and signs a disclosure. The member can upload relevant support information to to the listing as a record keeping tool. This is a responsible and reliable service for housing investors and or property managers across the USA. We invite you to look at our service http://www.allabouttenants.com
CEO
American National Tenancy Database LLC (ANTD)