Tenant Credit Screening is a common practice among landlords looking to rent out their income properties to prospective tenants. Items that can be uncovered under a Tenant Credit Screening includes such derogatory information as late payments, bounced (rubber) checks, and repossessions.
Why would any landlord want to take a risk when it comes to the safety and well-being of their own property? Well, the short answer is most of them don't. They realize that the protection of their property is worth the small amount of money screening costs these days.
An Online Credit Check can be thought of as just a smaller insurance policy for a landlord, because if the couple dollars it costs them to run the report shows derogatory information, then they have potentially saved themselves thousands in eviction procedures.