We all want tenants who pay the rent on time and are respectful of our property, so before handing the keys to your rental unit over to a renter – you must do some homework. The best way to find an excellent tenant is through tenant screening (credit checks, speaking with former landlords etc.). This section offers tips and advice for finding and selecting a high quality tenant.
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Credit Checks: The Basics
When most people hear “credit check” they think of the major credit reporting agencies like Equifax, Experian and TransUnion. If you own several rental properties and will be running credit checks fairly often, it might pay for you to join one of those agencies for a nominal annual-fee which will lower your costs in the long run. Read more...
Consulting the Prior Landlord
When trying to select a new tenant the ten thousand dollar question is always, “Will they pay the rent?” Of course, no one has a crystal ball and even good tenants can go bad, but there are ways to improve your chances. It all comes down to doing your homework and being thorough about it.
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