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Re: NO CREDIT history- has anyone accepted a tenant th - Landlord Forum thread 328817

Re: NO CREDIT history- has anyone accepted a tenant th by Damon on December 18, 2014 @03:59

                              
According to the company I get my credit reports from "no credit history" usually doesn't actually mean there is no credit history. It usually means bad problems that they don't want to report either because of laws or their companies policy.

There is a reason their parents won't co-sign for them too.

I rented to some tenants that my gut told me would be a problem one time. I did it because I had the house up for rent for about 3 months without getting anybody in it. I wish I wouldn't have. They were the only tenants I EVER had any nightmarishly bad problems with. They didn't even have "no credit history" so it sounds like yours could be worse.

Just be patient somebody will come along.

Look at it like this. Maybe they are OK. MAYBE. When somebody looks perfect as a potential tenant it is still a risk to rent to them. Do you really want to take an even greater risk than that? Maybe you will unfairly reject some people but would you rather get burned and be unable to get some "professional tenants" out of your house because they know how to work the system? It is very difficult to believe how bad it can be with tenants like that until you have had them in one of your houses. I didn't believe it until I saw it. But if you can believe it based on the advice of others (myself included) you can save yourself a lot of stress because the stress it will cause you is even worse than the money it will cost you which can be a hell of a lot.
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