In our last blog post, we showed a few popular websites that help landlords to generate tenant reports. But what's the most important information a landlord to use to screen rental applicants? Below is a list of items you should use, arranged in order of importance:
- Complete application form (including social security # and authorizing you to run the applicant's credit report)
- Most recent 2 pay stubs (to determine their affordability)
- Most recent 2 bank statements (to make sure they can pay the deposit and first month rent)
- Credit score (to determine their credit worthiness)
- Credit history (don't automatically rule out a low credit score, a credit history report can show you the details on why the low score)
- Eviction report (if they have done it before, chances are they could do it again!)
- Bankruptcy report (understand what drove the person to bankruptcy)
- Past year's tax-return (you might get resistance for this)
- Criminal records report
- Previous landlord's contact number
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