Re: Credit/Employment check - Landlord Forum thread 359252

Re: Credit/Employment check by Garry on April 29, 2019 @20:00

Welcome to the world of Landlording. Credit reports are not very specific. To get info about whether a tenant paid on time, you must be able to get ahold of their current landlord, and possibly their immediate previous LL, and ask them about their payment history.

You are right. Younger possible tenants have little to no credit history, because they are just starting out in life. For those tenants, the real question is, do they have a stable income, and job history when they apply at your place. It's even possible you may want them to have a co-signer (their parents) if they want to rent from you. Just because they are young, with little credit history, does not mean they won't make good tenants.

I wouldn't say employment verification services are "very" expensive, but yes, it does cost a LL to have lots of things checked out before you rent to someone. The cheapest way to check employment out, is to require the past 2-3 months of pay stubs. Generally LLs require an application fee from the T, of $20-$50 so you've got some money to pay to gather info on the T.

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