In my quest to help landlords avoid the mistakes I made, we have integrated with equifax credit reporting. Every time someone spots a fake applicant, we win and it puts a smile on our faces.
September 5, 2022
4 min read
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As a small landlord, most of us don’t have a good process to screen tenants. A handshake renting deal taught me why I should never do that again. If you missed that story, you can read it here.
As landlords gain some experience in screening tenants, they adopt application forms, which allows them to collect valuable information about the potential tenant. Some landlords request documents like employment letter, pay stub, ID proofs and a tenant credit check. If you are small landlord and do not have a process for online rental application. Read my previous blog and learn why you should run a rental application and screen tenants.
There are a lot of smart people out there who can con experienced landlords and property managers.
Great credit score and everything looks amazing! The prospective tenant was pro-active and they submitted a paper based application with this amazing report. Little did I know that it takes someone under 5 mins to edit the credit report. Well, you guessed it right. It was a fake credit report.
I trust everyone, however experience has shown me to “Trust but verify” by running a tenant credit check on Tenantcube, I was able to find that the report submitted was fake. I am not saying that a certain credit score is good or bad. Credit report is just a number and you have to look at various other aspects when you rent your property. A score can be bad or good depending on the property. Someone submitting a fake report is definitely not a person I would want to rent my property to. Check out the real credit report below;
In my quest to help landlords avoid the mistakes I made, we have integrated with equifax credit reporting. Every time someone spots a fake applicant, we win and it puts a smile on our faces. So, don’t get conned, start verifying every application. Get started today for FREE and join the community of landlords working together to protect each other. If you want to try out credit report, you can purchase credit report directly on our site here.
Whether you are a new landlord or a seasoned real estate investor, you likely know the importance of risk reduction when trying to fill a vacancy. This is why we’ve made it even easier for users to screen applicants and run credit reports in our latest Tenantcube update.
Most people know Tenantcube as the platform for landlords, but did you know Tenantcube has a passionate and growing group of property managers utilising the tenantcube platform to help manage their rental operations?
Aug 22, 2022
6 min read
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