What credit report agency should I use : ezLandlordForms

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Kimberly D

started a topic almost 14 years ago

Are all credit checks $50 and up, we are a small 23 unit property and I am not sure what company to go through Kim in Fl

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Bill G

said almost 14 years ago

Kim, no there are reasonably priced reports available. The credit report is only one report of several you will need to adequately screen a new tenant. You should find all the reports you need for no more than $25-$30 per applicant. Good luck. Bill Gray www.thelandlorddoctor.com www.theinformedlandlord.com

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Stan M

said almost 14 years ago

Kim, are you not charging each applicant for the credit check? I believe that CA allows up to $35 per applicant and this takes into account my time and cost. There are agencies on-line that have various plans for you to choose from. If you have several applicants, check each one and approve/disapprove before you check the next one. Anyone that is not checked, you must return their credit check fee. On a side note....I've switch to having a RE agency to find my tenants for me. They charge 1/2 months rent. For this they show the property, take care of the application, check them out, advertise, run a credit check and give me their opinion about the applicant(s). Now all I do is review the application and credit report before giving my approval. After approval, the agency does the inspection with the tenant(s), collects all deposit/rent balances, if due. I handle everything after that. No more waiting for no-shows :-)