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How
to Choose Good Landlord Credit Check Services for Your Tenant Credit
Checks
No
two
tenant credit checks are exactly the same so it's important that you
have the best landlord credit check services doing the job for you.
Save both
time and money on your tenant credit check with our tried and tested
tips for choosing the best tenant screening sites.
Any landlord credit check service that is worth your money should make
tenant screening a
breeze for you. This means quick sign ups, friendly customer support
and credit reports that are both helpful and easy to understand. In
Part 2 of this guide, we will reveal the few tenant screening sites
that actually meets our strict requirements.
Read on to uncover the signs of a first rate tenant screening company
below:
1.
Good Value for Your Money and Zero Hidden Charges
No
matter what you are buying, the price will always be an important
factor. A basic credit report should cost between $15 to $20 while a
full fledged tenant credit check (which often includes an identity
check, criminal records and rental history) should go for between $30
to $40.
If someone demands more than the prices above,
there's a good chance that you are overpaying unless they include
some unique extra service (which is unlikely). And if a site is
charging a
lot less than the standard prices, beware of any hidden costs or
incomplete credit reports (since they will have to pay credit bureaus
for the reports in the first place).
On top of that, you should only be paying for your tenant reports and
all other charges should be optional.
This
means free member registration, zero set up costs and no
monthly fees. Some landlord credit check services do offer
paid monthly/commercial
memberships in exchange for cheaper credit checks but this should be
purely optional.
2.
Quick and Easy Access to Your Tenant Credit Checks
Remember that tenant
credit checks by good tenant sceening websites are supposed
to help you save time so you should avoid any company that
makes it look like rocket science.
While we accept that it's
necessary for you to register as a member and confirm your status as a
landlord or property manager (required by law for obtaining someone's
credit report), the process should be quick and painless.
They
should be able to accept documents from you by fax or email and not
just by snail mail. Once your documents are received, they should not
take more than 2 working days to approve your membership.
The
same goes for the delivery time of your tenant reports. Once you have
ordered your reports, they should arrive by email or online by the same
day. Personally I prefer to order my credit reports from
companies
that deliver within 2 hours.
3. Proven
Track Record with Excellent Customer Support
While
you won't have to look far to find landlord credit check services, the
key here is to find a well established one with a first class
customer
service.
This means that the company should be in the tenant
screening business for at least 3 years and certified by the FCRA (Fair
Credit Reporting Act). Even better, the company should be BBB (Better
Business Bureau) Accredited with a minimum rating of B-
Ideally
you should go for a company that specialises in tenant credit checks
instead of a general site that handles all types of credit reports (for
mortgage lenders, employers or debtors).
There are 2 good
reasons for doing so. Firstly the information provided with your tenant
credit checks
will be more helpful since the details will be specifically geared
towards landlords. We also find that the customer support for these
specialised sites also tend to be more knowledgeable especially when it
comes to answering difficult questions.
Is there any
tenant
screening company that actually meets all the requirements
above? Uncover the most popular and highly recommended ones right now:
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