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Updated almost 6 years ago on . Most recent reply

User Stats

553
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118
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Cameron Riley
  • Rental Property Investor
  • Phila, PA
118
Votes |
553
Posts

Do you Run a Credit check; Why Or Why not?

Cameron Riley
  • Rental Property Investor
  • Phila, PA
Posted

- Credit Checks are a major deciding factor?

- Have you ever had success without running a credit check?

- Great applicant, with poor credit, that’s the only issue, would you take a chance on him?

Most Popular Reply

User Stats

54
Posts
44
Votes
CJ Ashton
  • Investor
  • Gilbert, AZ
44
Votes |
54
Posts
CJ Ashton
  • Investor
  • Gilbert, AZ
Replied

In my nearly 10 years of landlording, I think I've had a grand total of one tenant that had a credit score above 700.  Consequently, my expectations on the "score" are pretty low.  But it's not necessarily the score that's important, it's the other details on the credit report - what other kind of debt they have, how consistently they pay, etc.

So, my $0.02 is to always run the credit report.

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