Archive for February, 2016

Tenant Screening Services – Accurate Credit Bureau

Perhaps the biggest mistake landlords make is letting in the wrong person. This can lead to late rent, trashed homes, and costly evictions.

What would a bank say if you walked in, completely unqualified with no income and a 450 credit score, and asked for a large loan? A bank doesn’t run on emotion, and you shouldn’t either. So screen your tenants like your business depends on it — because it does.

When screening for tenants, we typically require:

  • They must make 3x the monthly rent in stable income and have a good credit report
  • No recent evictions
  • No recent felonies
  • Good previous landlord references

    For more landlord services see Accurate Credit Bureau

Landlord difference between last months rent and security deposit…

You’re a landlord who is about to take your first tenant. You want the tenant to pay first month’s rent and a deposit to cover damage and any unpaid rent should the tenant abruptly leave before the lease expires. Instead of calling that deposit “last month’s rent”, which would force you to pay for any cleaning or repairs at the end of the lease, you should simply call it a security deposit. By doing so, you give yourself flexibility on how to spend the money should the need arise. We recommend that you make the security deposit at least one and a half times the rent so the tenant is not tempted to use the security deposit as last months rent.

Tenant Screening with Facebook and Google

“In addition to the normal tenant screening with Accurate Credit Bureau, I have been able to eliminate a number of potential tenant problems by searching tenant applicants on Facebook and Google. A few minutes of searching Facebook and Google can pay off big-time. I am flabberghasted at what information, pictures and behavior some people post for the world to see! I’ve even seen pictures of people wrecking their landlord’s house! I’ve also seen pages of the nicest people. I’m glad we have another source to check!”

Gary G. Landlord Ohio

Landlords – tenant background check

It’s important for you as a landlord to know who you are renting to before you rent out your property. Ordering a potential tenant’s background check can reveal problems and reduce the risk of having to remove (evict) a tenant or make costly repairs after they have gone. With a prospective tenant’s background information at hand, you’re able to make informed decisions to allow this person to rent your property. For more landlord tenant information see Accurate Credit Bureau.

Accurate Credit Bureau

Do I have to do a certain number of background checks?
Absolutely not, use our service when you need to use it.

How much does it cost?

$19.95 SINGLE BUREAU TENANT CREDIT CHECK*
Credit check and analysis includes Judgments, Liens, Bankruptcies, and Foreclosures.

$29.95 LANDLORD PREFERRED
Credit check and Background Bureau which includes Last 15 years of Public Records including Property, Landlord Information, and Evictions. Returned to you by fax or email within minutes (Recommended)

$39.95 LANDLORD COMPREHENSIVE
Credit check and Comprehensive Background Bureau which includes an Online Criminal Record check, Last 15 years of Public Records including Property, Landlord Information, and Evictions.

$60.00 LANDLORD COMPLETE
Landlord Comprehensive plus additional Comprehensive Criminal Records which includes FBI most wanted, Terrorist, and Sexual offender database check, Evictions.

Sample 30 day notice tenants give to landlords…

Tenants may not use their security deposit for last months rent. A lot of them try to do just that. (That’s why we always advise landlords to collect at least 1 1/2 times the rent for a security deposit). Below is a sample 30 day notice that you can include in your lease so you make it perfectly clear and easy for a tenant to give you proper and legal notice…

I am hereby providing you with my required 30 day written notice of my intent to vacate the premises at which I reside, otherwise known as 1234 Smith St. (or whatever your address is) My keys will be turned over to you at that time.

For any refunds due to me from my deposit, my forwarding address will be:
8888 Main Street,
Anywhere

It has been my pleasure to be your tenant.

Best Regards,

(your signature here)

<your typed name here>

For more landlord services see Accurate Credit Bureau

Landlords Screening A Potential Tenant

  1. Request an Application. Start by having every prospective tenant complete an application. …you can get a professional free rental application here
  2. Run a Credit Check. …
  3. Run a Background Check. …
  4. Contact the Previous Landlords. …
  5. Contact the Tenant’s Employer. …
  6. Interview the Tenant.

    For more information and landlord services see Accurate Credit Bureau

Landlord Late Fees

A landlord can charge a reasonable late fee if you pay rent after the due date and any grace period according to your lease agreement. If you do not pay your rent on the due date (or beyond the grace period), the landlord may have the discretion to either declare you in default under the lease agreement or accept the rent and the appropriate late fee.

Landlords Collect Applications and Screen Tenants

The best way to deal with bad tenants is to make sure they never move in! Try to accept the most-qualified applicant who is also the best fit for your property, but be careful not to discriminate.

  • Collect information via professional rental applications
  • Ensure total income of all tenants is 2-3x monthly rent
  • Ask their two former landlords, “Would you rent to them again?”
  • Run a tenant credit check to determine total debt and late payment history

    For more tenant screening advice and help see Accurate Credit Bureau

    IMPORTANT DECISIONS DEMAND ACCURATE INFORMATIOIN

Landlords use Social Media to Screen Potential Tenants and Renters

It’s not exactly “Big Brother”, but landlords are looking at a lot more than just your work and financial history when choosing the best tenants.  In fact, renters are under the microscope now more than ever.

Landlords not only look into a potential tenant’s financial and criminal backgrounds, they’ll occasionally conduct internet searches or browse a possible tenant’s social media accounts too before handing over the keys. Most landlords only use the latter two when red flags pop up during any of their main screening areas.

Background checks help landlords determine whether or not a tenant will be able to pay their rent on-time and every month, as well as be respectful of their respective properties. However landlords can use whatever screening criteria they desire as long as they use the info they obtain in an non-discriminatory manner.