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Updated over 5 years ago,

User Stats

13
Posts
7
Votes
Jacob Hanson
  • Minneapolis, MN
7
Votes |
13
Posts

HELP! Minneapolis proposal eliminates credit score for screening!

Jacob Hanson
  • Minneapolis, MN
Posted

Minneapolis is proposing to not allow landlords to use credit score as a factor for screening tenants.  Evictions older than 3 

years and felonies over 5 years cannot be used to disqualify candidates either.  I'm a new investor and I have a duplex in NE Minneapolis and an offer on a triplex in NE Minneapolis.  

Credit score is a metric that measures how well a tenant pays their bills and debts, such as rent and usually considered the number one factor in tenant screening.

It's only a proposal thus far, but Minneapolis might become the least landlord friendly city in America!

I just wanted to get people talking.  Does anyone have anymore information?  Should I run as fast as I can from Minneapolis?

Article below:

http://www.startribune.com/minneapolis-considers-limiting-landlords-ability-to-screen-tenants/510644802/

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