|Always use the same business practices that mortgage companies, apartment complexes and all big lenders use by evaluating your prospective tenant’s credit history. Unfortunately, in the past, landlords used to decide on a tenant based on a personal interview. We hear stories every day about how ‘nice’ a tenant appeared to be so the landlord rented to them….now they are calling us for help because the tenant won’t pay and will not return their calls. You cannot judge whether or not a person can pay their bills simply on emotions and first impressions. Mortgage companies would never grant a loan without first pulling a credit report, no matter how nice one 'seems'.
One way to know for sure that your next tenant will pay their rent on time is to review their current payment habits. People who have built up their credit want to maintain a good credit score and have the ‘grades’ to prove it. if you choose to become a member of our association, you can report any delinquencies to the credit bureau giving your tenant even more incentive to pay you on time to keep their good credit.