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Updated about 5 years ago on . Most recent reply

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341
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177
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Charley C.
  • North of Houston
177
Votes |
341
Posts

How can we pull applicants credit in-house.

Charley C.
  • North of Houston
Posted

Can anyone tell me a good place to find the proper vendor to set us up with pulling credit ourselves?

Currently I use a third party service where the applicant goes online with their own PC after they get home. I have to wait for that night, or the next day or the next. Meanwhile other people are trying to lease the same spot, further complicating things. Its eating up a lot of time. None of those services are 100% user friendly as well (my older applicants hate it).  Many of our traditional type of tenants would rather fill in a paper form, get it done. Write a check that moment, then move forward in to a lease right then, right there with in the same hour. We just out grown our need and desire to use the third party credit reporting plat forms. I'll take all the help I can get.

Most Popular Reply

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2,998
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3,116
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Corby Goade
  • Investor
  • Boise, ID
3,116
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2,998
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Corby Goade
  • Investor
  • Boise, ID
Replied

How many units are you managing? Processing all of those paper forms and taking a check from an (over?) eager potential tenant doesn't sound like much fun to me- especially if you are managing several units. The simplicity of handing the credit and background screenings off to a third party made such a huge difference in the infancy of our business. 

We used to use Cozy for this- yes, it's still a third party and the potential tenants have to go online and fill out the application, but we get results almost instantly and don't have to process or review loads of paperwork. The first applicant that meets our criteria signs a lease and has 24 hours to get us the first month and deposit in some form of a money order, cashiers check, wire, etc. 

  • Corby Goade

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