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Updated over 5 years ago on . Most recent reply

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Paul NA
  • Investor
  • White Plains, NY
11
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17
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Tenant application and credit check

Paul NA
  • Investor
  • White Plains, NY
Posted

I have potential tenants that are interested in a unit I have listed on Zillow for rent.  Typically I have used an agent in the past, but decided to rent it on my own.  I am at a stage where I have interested couple, but curious on if i should use Zillow application/background check process?  Have any of you used this in the past?  Also I have couple along with a cousin that is interested in renting the unit.  So would the zillow application process review all 3 individuals or another application you recommend?  Thanks

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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
  • Rental Property Investor
  • Tennessee Florida
Replied

@Paul NA

I use cozy. 

If this is a $1000+ unit just put in their email address and they can pay for it and fill it out themselves. If it's $500-700 you'll likely have to do it for them because they don't know how to use the internet. 

You can also call the city/county and find out if they have any evictions (a DW in my market). 

Call their employer and see if they have a job. Call previous landlords and ask a few questions. Again, monthly rent number is a big factor on how "good" the tenant will be. 

You're looking at totally different things in low income (600 credit is GREAT) vs something around $2000 per month (would need 650+ for me). BUT someone with 600 credit can't afford $2000 a month anyway. 

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