Archive for July, 2015

Landlord Apps – Home Snap – Accurate Credit Bureau

Snap any home to find out all about it and explore 90+ million homes across the USA using the same data as your real estate agent.

Tenant Screening Background Checks – Accurate Credit Bureau

Secure, detailed, real-time tenant credit reports and background checks.
Get a clear summary of every applicant’s credit score, debt, payment history, county and national criminal history, eviction records and more.

Tenant Screening help for Landlords – Accurate Credit Bureau

Always charge a non-refundable application fee. Applicants will then understand that you will screen them for a credit report, criminal records, evictions, employment and rental information. Charging a fee will often discourage tenants that will not meet your criteria (criminal records or rental issues) and help you recoup the cost of using a professional screening company.

Potentially bad tenants are savvy. They seek out individual, smaller landlords and assume that they will not carefully check them out. Prove them wrong!

Ask for a proper form of photo ID. Many applicants give out bogus social security numbers. At Private Landlord Helper, we can check to see if the SSN and your applicant’s name is a match.

Get a completed, signed rental application. It must state that the applicant understands that a complete background will be conducted. Go over the application with your prospective renter. Makes sure it is legible and all questions have been answered.

Your decision to rent should be based on a consideration of all variables, to include criminal history, eviction records, past rental history and proof of employment.

Be consistent in your screening and stay in compliance with the Fair Housing Act.

Never approve an applicant on the spot; be wary of applicants who want to move in immediately.

The most effective way to predict what a person will do in the future is to know what they have done in the past.

For more information on tenant screening see Accurate Credit Bureau.

Landlord Humor – Accurate Credit Bureau

“Sir you have got to help!” said the tearful man at the door. “There is a family that I know very well that is in desperate need of money. The Father has been out of a job for over a year, they have five kids at home with barely a bit of food to eat. The worst part is, that they are about to kicked out of the house and they will be left on the streets without a roof over their heads!” The man concluded with one last heart wrenching sob. “Well,” said the man at the door, “that really is a sad story. Why don’t you come inside and we’ll talk about it a little more.” “So how much money is needed exactly?” asked the man when they were both seated. “Oh it’s really terrible”, said the man starting up again, “why just for the rent $3000 is needed by tomorrow otherwise they’ll be kicked out onto the streets.” “How do you know so much about this situation?” asked the man as he reached for his check book. “Well,” said the man breaking down once more “they are my tenants.”

Landlord Tenant Pet Resumes – Accurate Credit Bureau

Not all landlords are asking for pet resumes, but more renters are getting them. Cathy Klein, a professional designer who creates professional pet resumes through the aptly named, has received requests from all over the country.

And they aren’t just for large dogs. “I create resumes for all animals, though cats and dogs seem to be the bulk of what I do. I recently did a resume for a couple who had three snakes,” said Klein.

Even if the landlord doesn’t request it, being prepped could set you apart from the pack.

To start your pet’s resume, get the basics in order. Hall recommends all resumes start with this information:
Pet’s name
Proof of vaccinations
Disclosure of any incidents
Current photo
References are also important, but asking for reference letters may be a waste of time.
Instead, add your vet’s contact information and any former landlords who can verify what an awesome pet you have.

Landlord Investment Mortgage Calculator – Accurate Credit Bureau

Thinking of making an investment use this handy site to calculate the mortgage…

Accurate Credit Bureau – Upside down house

For Rent!

Tenant Screening and Background Checks – Accurate Credit Bureau

As a property owner, checking a prospective tenant’s credit is a vital part of protecting your investment. Since you can’t always judge a book by its cover, this check allows you to delve deeper into the financial condition and habits of the prospective tenant. If they have a good credit history and pay their bills on time, chances are they will pay their rent on time as well.

What Is in a good Tenant Credit Screening and Background Check?

Most of the landlords that use Accurate Credit Bureau order the Landlord Comprehensive Package which includes;

Identifying information: Confirmation of name, current and past addresses, date of birth, known employers, name of spouse, and Social Security number.

Credit History: Lists bank accounts, credit card accounts and any loans (mortgage, student, etc.) It also lists how long the account has been open, the payment pattern over the last two years, the loan amount or credit card limit, and if there are any co-signers.

Public Records: Will list any evictions reported, bankruptcies, tax liens or (civil) judgments against the prospective tenant.

Inquiries: Will show the names of those who have requested a credit report on them for the last year.

Landlords and Tenant Screening and Renter Background Checks – Accurate Credit Bureau

It is hard to truly define what a landlord does because a landlord does so many different things. Landlords must be able to adapt to these different roles to have a successful career as a landlord. Here are some examples of the roles a landlord plays:
Debt Collector
For tenant screening and renter background checks see Accurate Credit Bureau.

Landlord Tenant Screening Process – Accurate Credit Bureau

If you are a new landlord, or maybe you’ve had a string of bad luck with tenants, you should establish a quality tenant screening process. Be sure to keep your expectations realistic. Not everyone is going to look perfect on paper, but you can still save time, headaches and money by following some of these tips.

Pre-Screening – If you are advertising and screening the applicants on your own – make sure your standards are clear up front. This helps weed out potential tenants who will waste your time: you only want to show and screen those who are qualified. Explain if you accept pets or short term rentals. Learn their backstory. Get their move details. Have them fill out a professional rental application and charge a tenant screening fee. You can see various landlord packages at Accurate Credit Bureau.

When are they looking to move? How many people will be living in the unit? Where will they be working? Where did they live previously? If they are local, why are they looking to move? If they have an issue with their current place, it will help you figure out if that issue will also continue in your unit – not enough space, or parking is needed, or they want to get a dog.

If you decide to deny a tenant, you want to be able to clearly explain why, and be sure there are no issues with discrimination. You never want to be on the receiving end of a Fair Housing suit. Be sure you know the protected classes, and that you do not discriminate in advertising, showing practices or by denying applications based on race, color, religion, national origin, sex, disability, and familial status. Once you’ve decided to move forward, the next tips will help you through the formal tenant screening process.

Income – Obviously, the top question is can the tenant afford the rent? Generally, a good rule is for the tenant or tenants to have a combined monthly gross income of three times the monthly rent. If the prospective tenants don’t meet that minimum then you have to decide if you will accept co-signers. Co-signers will need to complete the full application process as well, and remember, they not only need to make up for the income difference on the rent for your property, but also be able to afford their other commitments as well.

Employment Verification – Do they have a job? How long have they been in their current position? Is there relative stability in their position? Do your due diligence, though. For those with established jobs, get their paystubs to verify the income they told you on their application is accurate.
You can also request permission to contact current and past employers. You can have this on the free rental application. You can ask about their dates of employment, salary and probability of continued employment (for current employees) or would you rehire (for past employees). Remember, the HR department can only answer certain questions, so keep it general.

Landlord References – Landlord references are helpful for many reasons. For one, it helps to hear from other landlords if your applicants were good tenants. Especially when those tenants have pets, knowing the previous landlord had no issues eases the mind. It is also helpful if your applicants don’t have excellent credit. Landlord references help gain insight as to whether at a minimum they pay their rent on time.

Credit Screening – This one is a must, but of course doesn’t have to be the sole indicator as to whether you accept an applicant. If the applicants’ credit is less than perfect, ask them to explain. Sometimes life happens and credit gets messy. Issues such as job loss, divorce, medical issues and high student loans can all negatively affect a credit score, but it doesn’t mean that person won’t pay their rent. Determine up front if you will accept those applicants. Using the additional information gained from the above screening items can help you look at the full picture.

Run a criminal record report and tenant background check.

Having an established tenant screening process will help with this rental cycle, as well as many more to come. Future tenants will respect the professionalism, and it will likely lead you to quality tenants. It never hurts to trust your intuition as well. Be up front with potential renters. Fine tune your pre-screening to save time with the formal screening. A thorough and transparent screening process should lead both parties to have a less turbulent 12 months and beyond. See more at Accurate Credit Bureau.