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Updated almost 3 years ago on . Most recent reply

Tenant and fico score
Hello,
I'm trying to rent my first house and do my first tenant screening process.
My question is when you pay a company/website to do the tenant screening process is the credit score included in this service, or do I get the tenant's credit score from another application?
Thank you,
Most Popular Reply

- Property Manager
- Royal Oak, MI
- 5,691
- Votes |
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Don't make the mistake of making decisions solely on credit scores!
Scores work great for applicants with 680+, but not always. You may find applicants with 720+ scores and only student loans that are in deferment - how does that prove they can budget and pay rent on time?
Similarily, if you are renting Class C properties out, you'll be dealing mostly with applicants with scores under 600 and will have to learn how to read a credit report.
- Drew Sygit
- [email protected]
- 248-209-6824
