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

Thanks.

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

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.

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.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

experience keeps a dear school.

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.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

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

__________________
Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

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

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

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.

__________________
85' 300D

Oh, yep, forgot the computer password thing.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

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

__________________
For the Saved, this world is the worst it will ever get.
For the unSaved, this world is the best it will ever get.

Clk's Ebay Stuff BUY SOMETHING NOW!!!

. . . to relatives.

__________________
1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

Did you get those "people" out finally?

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?

__________________
01 Ford Excursion Powerstroke
99 E300 Turbodiesel
91 Vette with 383 motor
05 Polaris Sportsman 800 EFI
06 Polaris Sportsman 500 EFI
03 SeaDoo GTX SC Red
03 SeaDoo GTX SC Yellow
04 Tailgator 21 ft Toy Hauler
11 Harley Davidson 883 SuperLow

We use this service: http://www.rentingauthority.com/credit_report/

No on-site inspection was necessary. After i get the credit reports on the candidates, I treat it like gold - that is, I protect it with all possible sources.

Think I wrote about this before - I use a strong encryption scheme to keep the report copies locked in a digital safe, so I can access it if need be and still have adequate protection over them.... I recommend you do something similar. It is up to you to protect this data - I believe the law requires it.

These days most applicants we see have had a sketchy credit history - look for instances where they have walked away from financial obligations (even small amounts) - this should give you a cross section of the financial responsibility of the individual.

One more thing - if you turn down the applicant for the reason on a poor Credit report, there are some laws that apply (at least here in CO) - I believe you have to let them know in writing and give them a copy of that report which you used to eliminate them so they can correct it (if they can).

Good luck -
James

__________________
1987 Mercedes 300SDL; SOLD
1985 Mercedes 300D; SOLD
2006 Honda Pilot - wife's ride; 122K;
1995 Toyota Land Cruiser - 3X locked; 182K

Does "qwerty" count as a password?