By eHow Personal Finance Editor
Rate: (40 Ratings)
Find out about the financial responsibility and history of prospective tenants by running credit checks on rental applicants. Follow these few steps to look into your potential tenants' financial history.
eHow Personal Finance Editor
Comments
girlpower973 said
on 12/3/2007 This article is incorrect. Trans Union and Equifax do not offer credit report checks for landlords. You have to be a big rental agency and pay big bucks for their services. You cannot just pay a flat fee to run a report.
Anonymous said
on 2/22/2006 Although receiving the credit report from a potential tenant reduces costs to both landlord and tenant, be wary that the report may be forged or outdated.
Anonymous said
on 1/16/2006 In many states people can get free credit reports. If the tenant supplies the credit report, it does not cost him any money. This is a win-win for both tenant and landlord: The landlord gets the credit report and the tenant does not have to pay for it.
Anonymous said
on 11/22/2005 Offer to refund their application fee if they are approved for the lease - that way everyone's happy.
Anonymous said
on 1/9/2008 It costs a landlord to run a credit and background check. Serious applicants will pay the fee.