Foreign applicants - no credit history

[Lauren Samford]

I have applicants who can show income statements/proof of income, clean background and want to sign a year lease on my house but they are from Germany and moving to the US. So they don’t have credit history / report. I have never done this before and am a new landlord. Should I be cautious about this? They are willing to pay a very high rent for us that would be excellent for cash flow. 

[Bjorn Ahlblad]

They should already have a SSN and a visa. Check with their employer who might be willing to come up with something.........guarantor etc. As part of their visa process their criminal history would have been checked. Get the applicant to help you obtain their credit score from Germany 'Schufa Score'. No matter what get a decent deposit to cover your risk. Look for red flags along the way. All the best!