Stacey-Ann's Blog

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Renters: Do YOU Have GOOD Credit?

If your credit is good, it shows you take responsibility for yourself and will most likely make an excellent tenant. Property Management companies have the task of seeking occupants who will faithfully make monthly payments and exercise good housekeeping skills.

At times, available  rental homes will remain vacant too long because property managers refuse to take risks in selecting a candidate who has not shown evidence of wise credit usage which reflects on their report.  It's always a pleasure to present positive findings back to property owners.

Scores of 600 and up are considered to be good rental potentials.  Ratings of lesser points indicate troubling challenges, and could be reasons for denial of a rental home. 

Annual credit reports for consumers are available and offered FREE by three major credit reporting bureaus.  Credit scores can be obtained for a charge.  More information can be found online at: Annual Credit Report or by phone at:

  • Trans Union:  800-916-8800
  • Experian:  888-397-3742
  • Equifax:  800-685-1111

If you are searching for a rental accommodation and possess good credit, the door is wide open with multiple choices in housing, while those with poor credit are limited.

 

Diane Rice is Broker/Owner of Rice Property Management & Realty, LLC., located in South Holland, Illinois with licenses in Indiana and Illinois.  Rental agents of the company can be reached at 708-862-7423.

© Copyright 2009 Rice Property Management, All rights reserved

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

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Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 7 commentsDr. Stacey-Ann Baugh • October 25 2009 09:03AM

Comments

I agree credit scores are important for determining renter ability and willingness to pay rent.  I personally will not rent a home to anyone without seeing a credit report.

Posted by Mark Watterson, Utah Real Estate over 8 years ago

Hi Stacey! Thank you for the re-blog!! Did you know my attempt at re-blogging YOUR post came out doubled.... don't know how that happened.  (This was my first attempt at this)  Have a good day! 

Posted by Diane Rice, SFR, SRES, CNC ( Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL) over 8 years ago

One of my clients agreed to rent out their home to a tenant who had bad credit, and the tenant said it was due to medical bills.

That turned out to be a huge nightmare and they had to go through an eviction process after only 3 months of the lease.

Credit is EVERYTHING when it comes to tenants.

Posted by Ralph Gorgoglione, Hawaii and California Real Estate (800) 591-6121 (Maui Life Homes / Metro Life Homes) over 8 years ago

I work with many renters who receive government assistance.  Even then, their credit severely hampers their ability to find a nice home.

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) over 8 years ago

Use your good credit to make $8000, too! Buy a house and take advantage of the tax credit!

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) over 8 years ago

Hello Dr. Stacey :-)  It seems good credit affects many things, and definitely an important topic for renters!

Posted by Mary Douglas, REALTOR, Red Feather Lakes, Colorado (United Country Ponderosa Realty, Red Feather Lakes, Colorado) over 8 years ago

Loving that tagline :D

Posted by Monique Lucas, "...it's your move." (BML Properties Realty) over 8 years ago

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