Tenants supplying their own credit reports?
In the last month or so I’ve received tenant applicants that would like to supply their own credit reports? I have always ran their credit report and charged them. I use my own company that I work with. I hate to lose a good applicant because of this, but I’ve also had tenants lose interest when I asked them to supply me with the $35 to run the report.Has anyone had experience with this? Maybe since times are a bit tougher, I can tell them if I accept them as tenants that I will waive the $35 report? Thanks kindly
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#3 Managing Your Property Contributor
@Gayle Eisner I wouldn't trust the report that they provide any more than I would trust a reference letter from a perspective employee that they supplied.
If they are worried about the $35, you can tell them if everything looks good and they sign the 1 year lease, you will apply a $35 discount to their rent at the end of the year.