The information you obtain from the tenant sets the stage for getting the most from your reports.
See our tips on how to get the best tenant checks. At AAOA, we know that sometimes speed is an issue for obtaining a report, as it is when you have a candidate standing in your office waiting to be approved. Unfortunately, credit reporting agencies can slow the process by requiring you be underwritten, complete an onsite inspection, and submit documentation including proof that the applicant has authorized the release of their information.
With AAOA, you don't have to risk letting that candidate slip away. While AAOA does provide an option to become undewritten, it is not required. As a matter of fact, underwriting is discouraged for tenant screening services for landlords with less than 10 units. Instead, just provide AAOA with basic tenant information including their unique email address. You will receive all the best tenant screening reports ordered instantly at checkout with the exception of the credit report. For access to the credit report, the prospective tenant will receive an email from AAOA directing them to our website.
The website will require the prospective tenant to verify their identity and then request permission for their credit check to be released to you. You get the results of the tenant report within the time frame that you need them.
Screening tenants can be more difficult depending on the economy. In down times there are fewer applicants, and you may be tempted to lower your standards. When the rental market is hot, you have plenty of applicants. So many, in fact, it would be easy to think you could avoid a credit check for tenants — after all, many candidates look so good on paper! But one rule holds true no matter how easy it is to find applicants: Tenant screening must be mandatory if you want to choose only quality tenants for your rental property. Would you like to know if your candidate has bounced checks before they pass one off to you?
Include the large TeleCheck bad check database, the same information used by merchants nationwide, in your next tenant check.
We proudly offer credit reports by all three major credit bureaus. All accounts are set to receive a TransUnion report by default. Once you check tenant credit, you easily can tell whether your applicant can afford the rent, is employed, or has a good payment history. With additional reports, you also can discover if the candidate has a dangerous criminal history, has been evicted in the past, or is hiding a previous address.
A word of caution when you check tenant credit: Avoid using a report provided by the rental applicant. It's too easy to falsify the information on a rental screening and it may be difficult to determine how old the report is. There would be no way of knowing if the tenant is trying to hide something. Without this information, it would be easy for a bad tenant to take advantage of you. In fact, problem tenants often know more about rental tenant background checks than a new landlord. Don't be a victim. Protect yourself, and your property. Rental applicants come from all sorts of unique backgrounds and circumstances.
Many aren't perfect, but they make good tenants just the same. However some candidates are flat-out liars, and a landlord must spot them quickly to avoid problems down the road. Learn to spot sketchy applicants quickly by recognizing these tenant screening red flags. A landlord may incur legal liability if someone is injured by a tenant if that tenant has a criminal record. That's why it's important for your tenant reports to include a criminal history and to check every tenant against sex offender and terrorist databases.
You avoid liability, and an uproar in the community. Many professional landlords and property managers will refuse to rent to a candidate who has an eviction history as well they should as long as all candidates are held to the same rental screening criteria.
Rest assured the prospective tenant is aware of that and is trying even harder to withhold information on their tenant application from the next landlord. Get a report that notifies you of records on file and isn't just a credit criminal screening report. Before you run your tenant check, you will first want to start thinking about what you will do if you receive negative information. Choosing a bad candidate is far worse than leaving the property vacant while you wait for a great tenant to come along.
Where will you draw the line? Read our blog post 5 Top Reasons to Reject an Applicant to see what other property managers and landlords would do.
It may be advisable in cases where you're after very basic info, or if the background check is not likely to make a big impact on your hiring decision. Companies are not required to perform them by law. Ready to do your own reference check? An Employee Myself. As soon as you start asking for opinions - questions about character, attitude, etc. I recommend that you call around and see how responsive your potential screening service is before you select a service.
Tenant screening via a verification service is easy and affordable, especially when compared to the financial losses a landlord will face if they rent to just one bad tenant. But screening a prospective tenant is not pure science. It is a combination of ordering and understanding the appropriate reports available, verifying the information provided by the applicant, and ultimately a judgment call based upon a big picture view of the information provided and the applicant.
Don't let a lack of information stand between you and your profits.
Run a tenant background check for as low as $0. Your tenants, customers and clients purchase and grant you private access to their credit report. With your tenant's name and email, you can request tenant authorization of a TransUnion-backed credit report, criminal background check, and nationwide.
But remember, when screening credit, criminal, eviction and the like, take care to stay fair. By this we mean, treat every applicant equally and fairly to ensure there are no violations of FCRA when evaluating an applicant. AAOA is an expert in our industry and can answer your questions today regarding any product offered. For many years since ! For those screening landlords who prefer to not collect money or payments from applicants, we recommend the good people and services over at TenantAlert.
Or Call Toll Free This information is never found on a credit report. An eviction record is when a landlord files for eviction and obtains a judgment for possession of property. These records are gathered from county level courts and do not include monetary awards. Discover if your tenant has a criminal past. Previous Address Tenant History. Based solely on the tenant'ssocial security number, it returns all names and addresses ever associated with it. It provides invaluable data to verify against fraudulent applicants, verify eviction and criminal records, and more. Order Now.
This report includes the personal credit history on the tenant and may include their credit profile, personal contact information, tradelines, collections, employment history, nicknames, and more. The tenant's cooperation and their unique email address is required for identity verification. To bypass this process and get immediate results with no tenant cooperation, get underwritten. Once underwritten you can also choose from Experian, TransUnion, or Equifax. A rental screening score is provided based on the tenant's credit report helping to determine their credit worthiness.
For example, they do not have to get your consent to call your former employer. They only need to notify you if they use a third-party employment screening company. This will also include information on your right to dispute the report. A background check can range from a simple verification of your social security number to a much more thorough check into your history.
Information that an employer might check can include your work history , credit , driving records, criminal records , vehicle registration, court records, compensation, bankruptcy, medical records, references , property ownership, drug test results , military records, and sex offender information.
Employers can also conduct a character check, which might involve speaking with your personal acquaintances, including friends and neighbors. Generally, the information they check will be related to the job.
For example, if you are hired to work in a bank, it would be reasonable for the employer to check whether you have a history of embezzlement or theft. The extensiveness of a background check depends on the employer, company, and the job involved. For example, if you are applying for a government job with a high security clearance , you will likely undergo a very thorough background check. What can't be included in a background check? There is some information that cannot be disclosed under any circumstances. This information includes bankruptcies after 10 years, civil suits and civil judgments and records of arrest after 7 years, paid tax liens after 7 years, and accounts placed for collection after 7 years.
Employers can only look into certain records with your consent. For example, school records are confidential and cannot be released without the consent of the student. Military service records are also confidential and can only be released under certain circumstances. However, the military can disclose your name, rank, salary, assignments, and awards without your consent.
You cannot be discriminated against because you filed for bankruptcy; however, bankruptcies are a public record, so it is easy for employers to obtain the information. Laws also vary from state to state regarding some background checks. For example, some states don't allow questions about arrests or convictions beyond a certain point in the past.
Others only allow consideration of criminal history for certain positions.
In many states, medical records are also confidential. However, employers may not make hiring decisions based on an applicant's disability. They may only inquire about your ability to perform a certain job.