Steve White – How to Evaluate a Tenant Credit Score

Steve White, CEO of RentPrep, discusses specifics regarding credit scores, how to evaluate credit reports, criminal and eviction background checks, as well as how to approach bankruptcies and previous evictions in relation to filling new vacancies.

Questions Discussed Regarding a Tenant Credit Score : 

1 Tell us about your background and what drove you to build wealth in real estate?
2 Tell us how credit scores are formulated?
3 How do you believe landlords should be pulling credit reports?
4 What benchmarks do you like to look for when evaluating a tenant credit score?
5 What should we be looking for when we evaluate a tenant credit report in detail?
6 If tenant has concerns about a “hard pull” on their report, what might you recommend?
7 How do you like to approach bankruptcies on credit reports?
8 What are our options for obtaining credit reports?
9 What other reports do you find helpful?
10 Can we report rental payment or lack of to credit bureaus?
11 What’s the best way for our listeners to reach out to you?

 

Checkout Rentprep.com regarding how you can start evaluating tenant qualifications today!

 

If you enjoyed this episode, checkout our last podcast episode with

Kent Ritter on “Advantages to Purchasing Small Multifamily Property”