Perform a Credit Check for Landlords with AAA Credit Screening Services
While being a landlord can be a great job at times, one of the most difficult aspects of the job is evaluating applicants. When a prospective tenant wants to rent from you, it is important to take the time to figure out exactly what kind of person they are and learn about their financial history. This is why a credit check for landlords is such an important process. It can make or break the return on investment of a property.
What happens if you do not perform a credit check for landlords? You open yourself up to lots of risks, especially financially. If someone has a history of not paying bills on time, you can bet that this person will have trouble paying rent when it is due. If there are bills that have not been paid for a significant period of time on their credit checks, you could run the risk of being stuck with months of unpaid rent and a tenant who must be evicted.
However, with AAA Credit Screening Services, you do not have to worry about the hassles of running a credit check for landlords. AAA Credit Screening Services will run a thorough online credit check to make sure that the applicant has a solid financial history. In return, you will get the peace of mind knowing that you have all the information needed to make an informed decision on their application. In addition to this, AAA Credit Screening Services also takes care of reference checks for you, so that you can not only analyze the financial history of the applicant, but also have a window into their integrity as well. The best part of all of this is that AAA Credit Screening Services handles the entire process for you. In return, you will receive a full report on the background of your applicant, as well as assistance in analyzing it, just in case you need it.
If you want more information on the credit check for landlords from AAA Credit Screening Services, call 1-888-282-0447 today!
How a Credit Check for Landlords Can Protect Your Property
[Posted on Sep 22]
A credit check for landlords is done so that owners and managers of housing properties and living facilities can make the best decision on finding responsible tenants that do not have a history of late payments or not paying their rent and that have not destroyed past property. Finding the right kind of tenant for your building facility can be a hassle without the proper tools available to you. Many landlords and property owners combine a credit check for landlords with reference checks to make sure that the person is, in fact, capable of paying their bills on time and keeping their end of the lease. But how can these types of checks protect your property?
Credit checks are designed to check a person’s credit for any discrepancies that can lead you to believe they are an untrustworthy person. Normally if there are a lot of unpaid bills on a person’s credit report then chances are they won’t be able to pay their rent on time. But a credit check for landlords doesn’t check a person’s personal credit. They check to see whether or not a person has negative credit information from other people they may have rented or leased apartments from in the past. It is very easy to find out if someone skipped out on paying the last month’s rent, if they left their last home in a negative condition, or if they broke their lease early.
A comprehensive landlord credit check from AAA Credit can save you the hassle of having to perform the credit check yourself. All you pay for is the check itself. There are no monthly fees or other hidden fees, and it usually only takes a short amount of time. Just think: in a couple of hours we can do the work that it would normally take you all day to do.
On the other hand, you don’t want to judge a book solely by its cover. Sometimes people run into hardships in life that can affect their ability to pay bills and rent on time. It is important that you get a reference check, credit check and another type of background check done on potential renters or leasers of your property. When doing reference checks, make sure to ask about the circumstances surrounding any type of questionable materials you may see on the results of your report. It could be that you are looking at the perfect candidate, who simply happened to run into a bit of bad luck.