Comments on: Landlord Association Recommends High Credit Standards For Tenants

By: Tony Sena

Tony Sena — Fri, 12 Feb 2010 02:41:13 +0000

"Avoid applicants with a history of collections, evictions and judgments."

With Las Vegas leading the nation in foreclosures, it's normal to see a foreclosure on applicant's credit. Because of this, we look for the items stated above as determining factors on whether the applicant will pass the credit check.

By: Doreen Zelma

Doreen Zelma — Sun, 07 Feb 2010 21:43:58 +0000

I see it all too often where owners decide to be investors without understanding that tenants have rights. Its all good when tenants pay, but when they don't – its not just a matter of changing the locks. Investors should do adequate credit checks prior to leasing a property, so they have a clear understand of who they as leasing to.

By: Foreclosures

Foreclosures — Sat, 06 Feb 2010 15:28:51 +0000

A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit….as long as there are no current collections or judgements. Employment and salary of course are a must.

By: Real Estate Investing Links for February 3, 2010

Real Estate Investing Links for February 3, 2010 — Wed, 03 Feb 2010 10:34:57 +0000

[...] “Landlord Association Recommends High Credit Standards for Tenants” [...]

By: Bruce Dietz

Bruce Dietz — Tue, 02 Feb 2010 21:16:30 +0000

This is another harsh reality of the current real estate market. I agree that people will probably have more success dealing with private home renters versus professional property management companies

By: Aaron Knutson

Aaron Knutson — Mon, 01 Feb 2010 23:28:50 +0000

This is definitely tough for a lot of people who foreclosed recently and looking to rent. I have seen situations where the property management approves the potential tenant but requires a bigger deposit or they don't give them any move in bonuses. This can make all the difference on whether they will have enough to fulfill the rental requirements.

If you have foreclosed recently and are looking to rent it is best to look for rentals that are being managed by the owner rather then by a property management company. The owner is less likely to require a lot of documentation and may make exceptions.

By: Sonja Lovas

Sonja Lovas — Sun, 31 Jan 2010 08:20:19 +0000

I have experienced trying to find rentals for homeowners whoes house has been foreclosed on and it is really tough. Some landlords are sympathetic others, not. Eventually they find a place and the time of year plays a roll in the motivation of the owner. Coldwinter months with the thought of paying the mortgage and heating expense for an empty house will generally soften their heart and clouds their judgment.

By: Landlord Association Recommends High Credit Standards For Tenants : The Real Estate Bloggers « George Holevas's Blog

Sat, 30 Jan 2010 12:43:51 +0000

[...] via Landlord Association Recommends High Credit Standards For Tenants : The Real Estate Bloggers. [...]