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Updated almost 5 years ago on . Most recent reply

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170
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Gayle Eisner
  • Investor
  • Monterey, CA
54
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170
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Tenants supplying their own credit reports?

Gayle Eisner
  • Investor
  • Monterey, CA
Posted

In the last month or so I’ve received tenant applicants that would like  to supply their own credit reports? I have always ran their credit report and charged them. I use my own company that I work with. I hate to lose a good applicant because of this, but I’ve also had tenants lose interest when I asked them to supply me with the $35 to run the report.Has anyone had experience with this? Maybe since times are a bit tougher, I can tell them if I accept them as tenants that I will waive the $35 report? Thanks kindly

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Theresa Harris
#3 Managing Your Property Contributor
11,200
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Theresa Harris
#3 Managing Your Property Contributor
Replied

@Gayle Eisner  I wouldn't trust the report that they provide any more than I would trust a reference letter from a perspective employee that they supplied.  

If they are worried about the $35, you can tell them if everything looks good and they sign the 1 year lease, you will apply a $35 discount to their rent at the end of the year.

  • Theresa Harris
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