How can I do a credit check on a potential tenant?

Been pondering, “How can I do a credit check on a potential tenant?” Doing credit checks on prospects is arguably the most important thing you need to do as a landlord. Any experienced landlord will advise you not to ever miss this step because doing so will be a big mistake. Just take a page from my personal experience if you want to avoid would-be troubles and pain.

Of course, I get that you’re eager to get your vacant rental property rented ASAP. But pause for a bit and try not to make any hasty decisions. I guarantee you that waiting for the right tenant is worth it. You’ll be thankful and delighted that you did. Now, let’s describe the right tenant. Well, you’re only really looking for two things. One, they’ll consistently and promptly pay their rent. Two, they’ll responsibly live in your property. To identify such people, though, you have to do credit checks.

“Right. So how can I do a credit check on a potential tenant?” Luckily, doing credit checks need not be complicated, especially if you’re using a nifty tool like efficiency. A free software for landlords, efficiency lets you gather online rental applications and comprehensive background check reports from prospective renters. Here’s how you do a credit check on tenants using efficiency.

Step #1: Create a free efficiency account to begin the credit check

Like I mentioned earlier, efficiency is free for landlords and property managers. That’s correct! You can access all the rental applications and credit check reports you want without costing anything, Making an efficiency account is very easy. Sign up now in less than two minutes!

Step #2: Invite people to apply

After creating your free efficiency account, you just have to invite prospective tenants to fill out an online rental application. Inviting them to apply to your rental property with efficiency takes 30 seconds or less. It’s super quick. Check out this short video that explains how to do it.

Step #3: Review the results of the tenant credit check

After the applicant has finished the application and the tenant screening, you’ll receive both of them in just a few minutes in your efficiency dashboard.
 

The tenant screening results will include a credit, criminal, and eviction report that you can access and view anytime from any device. And just like that, you’ll have the data you need to help you make an informed decision on the applicant.