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Friday, July 4, 2008

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Friday, July 4, 2008

Rental Credit Check: Keep Your Property Safe By Checking Their Credit Report First   by Ann Richter

If you are a property owner, chances are you have had the misfortune to rent to what is known in the industry as a "deadbeat renter". This breed of renters knows exactly what to say and how to say it when the time comes to look at your rental unit. It's easy to be convinced that people like this will make top-notch tenants - until that first month's rent comes due. The, these people will either slip out in the middle in the night with boxes of belongings, or invent a host of excuses and sob stories as to why the rent is unpaid, forcing you to eventually have the people evicted. Wouldn't you like to save yourself the hassle of having to deal with tenants like this - and having to lose money, too? Before you rent to someone again, have a rental credit check done to insure you have only the best tenants in your building.

Why a Credit Check?

This type of credit check will tell you a lot about a person. It just makes good business sense to run a credit check on everyone who fills out an application to rent your property. There are rental credit check services that will perform this service for you at a very reasonable and competitive rate. It's a highly efficient way to determine whether or not someone is a good risk. After all - if a person has defaulted on a credit car payment, or had a car repossessed, chances are there would be the problem of default on the rent owed to you as well.

What Sort of Information is Verified?

The service that you hire will take the information that your potential renter put on the application form you provide, and get that person's report from one of the major credit bureaus. The social security number will be confirmed first, and then the present address information will be checked, as well as any addresses for several years back. Careful attention will be given to whether or not the person has ever filed for bankruptcy or had a lien or judgment filed for any reason. Once all these bases have been covered, the professional rental credit check service will give you an opinion as to whether or not this person is a good credit risk.

If you've ever had to clean up the usual mess left behind by a tenant who decided not to pay rent, or gone through the legal requirements to evict and take to court someone who once occupied your property, then you will agree that the small price for a rental credit check service is well worth every cent it costs. Don't make the same mistake twice! Buy yourself some peace of mind along with a fast, efficient report done with accuracy and integrity by a professional.

Source:

For more helpful tips on business credit report by visiting http://www.creditreportguideonline.com, a popular credit report website that provides tips, advice and helpful resources including information on how to check my credit report.

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