Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

60
Posts
22
Votes
Silvia B.
  • Auburn, GA
22
Votes |
60
Posts

How do you handle your criminal background/credit check fee?

Silvia B.
  • Auburn, GA
Posted

My tenants of 3 years will be moving and I will be going through the application process again.  I was thinking that I would begin to process the basics of the applications first : verifying employment, income and previous landlords, etc.  If the applicant meets my qualifications in these areas, then I would request the consent and  fee to run the check via SmartMoves. I was wondering what you all think about accepting this fee in the form of a check? This way I would not have to ask the applicant for their checking account info on the application. Some  people do not feel comfortable about disclosing this on an application. If the check bounces then it is an automatic disqualification.  It will also provide me with a current address to compare to the application information provided. Since I would only run the credit check on an applicant who passes the first "basics" this would help alleviate the need to return fees to several applicants who never get that far in the process. I would credit the fee to the applicant that I sign the lease with. 

What is the best way to handle the criminal background/credit check fee?

 What have you found that works for you ?

Note: I only have one property and I am not a real estate agent.

Most Popular Reply

User Stats

57
Posts
26
Votes
Will Koederitz
  • Royal Oak, MI
26
Votes |
57
Posts
Will Koederitz
  • Royal Oak, MI
Replied

I know some of the online systems such as mysmartmove and RentScreener have the potential tenant do all of the checking. You create an account online and give their email address. The online service will then email the potential tenant asking their permission to pull credit. They will agree to it and pay the fee themselves online. Then the results from the online service are sent directly to you. You don't have to worry about the fee or pulling their credit yourself.

Loading replies...