If you're hoping to find the right tenant for your property and aren't sure which qualifications to consider, there are several clues that can help you understand what kind of tenant a person will be. While Federal Fair Housing rules dictate that you cannot discriminate based on race, color, national origin, gender, family status, or disability, there are other criteria you or your property management company can use. Credit Scores In general, a good credit score means that the prospective tenant pays their bills on time each month. However, a tanked score doesn't necessarily mean they are a bad tenant. Look at the credit report to see what happened. If all other bills were paid in full and on time except for some medical bills, it's possible that the applicant suffered a minor health setback but is otherwise trustworthy. While a credit score is important, you'll need to view the whole report to get an accurate representation of the applicant's financial history. If you don't have the time to review individual reports,...Read moreComments are closed
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