Cash Flow Friday Tip #11: How to correctly evaluate a prospective tenants background and credit history
March 27, 2015
In this week’s Cash Flow Friday tip I’d like to talk about how to effectively dissect and read through a credit report when evaluating prospective tenants. Some of you may think this is as easy as looking at a credit score or seeing if there are any collections or delinquent debts, but if you want to do yourself and your rental justice you really need to learn how to build a story from the data provided and only then make a determination based on both the facts obtained from the credit report and info provided from the tenant to decide if they will make the cut.
This show will walk you through my process of reading a credit report and screening an applicant in which I’ve honed though thousands of tenant applications and credit/background screenings.
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- Yours Truly