Landlord Credit Reports can be run by landlords to screen their prospective tenants for unpaid bills, both present and past. Unpaid debts on a credit report can give a good idea on whether or not you will receive the rent owed every month. Some landlords agree that not all derogatory information seen on a credit bureau is an immediate decline.
Some derogatory information that shows up in a Landlord Credit Report can be explained. A good example could be late payments on multiple creditors during a specific time period, when otherwise the tenant had a perfect history. This could be due to an act of nature such as a tornado or other catastrophic event. In a situation like this, landlords will sometimes turn a blind eye.
Landlord Credit Reports can be a good determining factor on whether to rent to any given tenant, but it should not be the only factor. Background Checks, Terrorist Checks, and Sexual Offender checks should be supplemental to the Landlord Credit Report for an overall evaluation and, of course, landlord peace of mind.
Run a Landlord Credit Report now!