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davidmash 08-29-2011 05:26 PM

Landlord question regarding credit reports
 
For those of you who rent property, who do you use to run a credit report on your prospective tenants?

Thanks.

spdrun 08-29-2011 05:46 PM

Two personal references, two work or school references, online Google/FB/LinkedIn search, bank statement if I still feel uncomfortable. No credit report. Judge the person, not a credit number.

kerry 08-29-2011 06:03 PM

The credit check service offered thru mrlandlord.com. I used to rent using only spdrun's method. I now use credit checks also. I wouldn't go without the credit checks anymore. I still judge the person and not the credit report. However you know a lot more about the person with a credit check.

MTUpower 08-29-2011 08:37 PM

Quote:

Originally Posted by kerry (Post 2780690)
The credit check service offered thru mrlandlord.com. I used to rent using only spdrun's method. I now use credit checks also. I wouldn't go without the credit checks anymore. I still judge the person and not the credit report. However you know a lot more about the person with a credit check.

experience keeps a dear school.

kerry 08-29-2011 09:23 PM

I should have added that any approval to run credit reports requires a visit to your 'office' by an inspector who will check to see that your files are under lock and key and you have a shredder. Cost $40 or $60 for the inspection I think and $10 per credit report.

davidmash 08-30-2011 12:48 AM

Huh? Can you expand on this? Is this a CO thing? Where did ou find that requirement?

aklim 08-30-2011 01:07 AM

Why not run the report? If they are deep in hock, they might be more likely to try to skip out on you or "miss" a payment

jubjub 08-30-2011 07:55 AM

Quote:

Originally Posted by davidmash (Post 2780957)
Huh? Can you expand on this? Is this a CO thing? Where did ou find that requirement?

Federal requirement. They check basic things, place to store reports under lock and key, computer with a password, etc

I use amerusa.net
Our family has been doing rentals for 25 years. We'd never go back to not checking credit reports.

kerry 08-30-2011 09:40 AM

Oh, yep, forgot the computer password thing.

The Clk Man 08-30-2011 10:15 AM

After the mess I went through with our cabin, I will NEVER rent out anything again. :mad:

kerry 08-30-2011 10:50 AM

Quote:

Originally Posted by The Clk Man (Post 2781120)
After the mess I went through with our cabin, I will NEVER rent out anything again. :mad:

. . . to relatives.

spdrun 08-30-2011 10:51 AM

Quote:

Originally Posted by The Clk Man (Post 2781120)
After the mess I went through with our cabin, I will NEVER rent out anything again. :mad:

Did you get those "people" out finally?

TheDon 08-30-2011 11:06 AM

Quote:

Originally Posted by kerry (Post 2781092)
Oh, yep, forgot the computer password thing.

Does "qwerty" count as a password?

spdrun 08-30-2011 11:12 AM

Quote:

Originally Posted by TheDon (Post 2781152)
Does "qwerty" count as a password?

No, but "Equ1f4x15sat4n" does.

aklim 08-30-2011 11:49 AM

Quote:

Originally Posted by The Clk Man (Post 2781120)
After the mess I went through with our cabin, I will NEVER rent out anything again. :mad:

You rented to relatives with no contract. What did you expect? Why do you think I don't want to sell or buy from relatives?


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