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Updated over 5 years ago,
HELP! Minneapolis proposal eliminates credit score for screening!
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: