Eviction Records, renting with eviction records

Renting to Tenants with an Eviction Record

Renting a property can be a daunting task, especially when faced with the challenge of evaluating a tenant’s rental history, including any prior evictions. An eviction record can be a significant red flag for landlords and may raise concerns about the tenant’s ability to fulfill their obligations as a renter. … Read More

residence history, tenant screening

Residence History

A tenant’s residence history refers to a record of where the tenant has lived in the past, typically including information about previous rental properties and landlords. This information can include the addresses of previous residences, the length of time the tenant lived at each location, and the reason for leaving. … Read More

tenant screening questions, tenant rental application questions,

Essential Tenant Screening Questions

When renting out a property, it’s crucial for landlords and property managers to screen prospective tenants to ensure they are a good fit for the property and can meet their financial and maintenance obligations. To do this effectively, landlords should have a set of standard questions to ask on tenant … Read More

Rent-to-income Ratio, how to calculate rent to income, debt to income,

Rent-to-Income Ratio: What Landlords Should Know

To assess a tenant’s affordability, investors and landlords determine the rent-to-income ratio by calculating the monthly rent as a percentage of the applicant’s income. The industry standard is a maximum of 30% of gross income going towards rent. According to HUD, tenants who exceed this 30% threshold are considered to … Read More

proof of income, income verifying documentation

Proof of Income: Verifying Documents

Proof of income is documentation that verifies a person’s current and ongoing source of income. It is important for landlords to request proof of income from potential tenants because it is a reliable indicator of the tenant’s ability to afford monthly rental payments. Landlords want to make sure that the … Read More

What does a tenant background check show?

What does a Tenant Background Check Show?

Landlords and property management companies often conduct background checks on potential tenants to verify their identity and check for any potential issues, such as a history of evictions. The scope of these checks can vary, but typically they include information such as past rental history. Wondering exactly what does a … Read More

tenant credit check

Tenant Credit Checks : What to Look for

As a landlord, you don’t want to deal with a tenant who doesn’t pay rent on time or at all. Eviction can cost anywhere from $3,500 to $10,000, and you’ll be left with a vacant unit that you’ll have to pay for out of pocket. That’s why tenant screening is … Read More

no credit history

Renting to Tenants with No Credit History

Your credit score can affect many different aspects of your life. Good credit is generally required for large expenditures or investments like a car lease or purchase, a house purchase, or a property rental. Credit history is an easy way for dealerships, realtors, or landlords to know how you’ve handled large … Read More