All Forum Posts by: Denise Holder

Thank you Alison and Alecia!  This helps bunches!   It sounds so easy.  This helps so much, Thank you !

Hello!

I have my first tenants, I'm to the point where I need to check their backgrounds and credit.  How do I do it? I have their ssn's, thought I could do it, but it does identity checks to make sure it is them.  How does a landlord check prospective tenants credit.  Also, back ground/criminal ect..

Thank you!

Thank you all so much, I'll go to the Landlording section and definitely put all adults on the lease

Hello, I am about to rent out my first property! I have a couple questions, 

How do I check the prospective tenants credit scores?

My best prospective tenants so far are an unmarried couple.  Should I put the lease under one of their names (the man makes most of the money and says he has great credit) Or both, I don't know yet what the woman's creditworthiness is.  But if she meets my minimum requirements, should I put them both on the lease? If they break up, I might have a better chance of getting my money from him. If she takes off, but is responsible for half the rent, I might have a hard time getting it from her.

Thank you!

 Thank you!

 Thank you!!

 I own it outright, just want to Reno it enough to rent to hunters in the season and couples in the summer

Thank you!

 Hi Nick,

Great! I'd have to use bank statements, as, I've been in this job less than 12 mos. 

I was just "signing up" for a signature loan when I discovered that conventional banks won't touch me until I've worked this job 2 years. Then its constrained.

Also from conventional bank, I'm told I have no "equity" in the camp (can't borrow against it) because there's no foundation. I own it outright and hope to turn it into a short term rental. So far I'm just planning to accept one of these "0% intro rate credit cards for so many months". I could probably pay the thing off before introduction times is up.  But could at least transfer to it another of the similar before the time was up. I hate to play that game, but doesn't seem overly risky considering the small amount.  I guess I've just never actually gotten a loan any way other than conventional.  Maybe Its time to forge into the future!

Thank you

 Thank you! I love that

 I own it.  It is a little hunting cabin I want to Reno into a short term rental.  It's very rustic, no running water, outhouse, needs a heating source. But I can do most of that for 20k.