In today's mobile society, it is important to know who is occupying your rental properties. Occupants come and go, and they frequently offer far too little information about themselves, their past and present employment, and credit history. All landlords and property managers know that reliable tenant screening can save them trouble and money.
As of
LandlordAssociation.Org has worked out an arrangement with Fidelity Information Corporation/TenantAlert to provide tenant screening services to ALL landlords large and small, incorporated or not. The new service, which can access Experian or TransUnion, will be easy to use and easy to understand. We hope you will find this new service a valuable resource.
You will be required to register with the new service. Although there will be a minimal one-time registration fee, we are working with them to get a high amount of that fee credited back to you to cover the costs of your first report(s).
An individual, property management company, large company, or real estate broker can sign up selecting the $35 or $99 registration. The $99 registration includes the first $75 on-site inspection fee. If you sign up for the $35 registration, and later want an on-site inspection done, it will cost an additional $75, so if you sign up for the $99 registration, it will save you $11.
The difference is based on where you are conducting business. If you conduct business from a house or residential location, then you must pass an on-site inspection annually to maintain access to full credit reports. If it is from a commercial location, only a one-time inspection is required as long as your business remains at that location (if your business moves, another on-site inspection must be conducted at the new location).
Here's how it all works:
Fidelity Information Corporation/TenantAlert can provide both incorporated and non-incorporated individual landlords with what they call an "Instant Credit Decision" within a matter of 24 to 48 hours. The "Instant Credit Decision" provides complete access to eviction and criminal data, but limits access to the instant credit decision only. The "Instant Credit Decision" is computer generated recommendation based upon an analysis of the applicant's personal credit history as compared to a set of criteria specifically designed for the rental housing industry. Additional information that may appear on this report, such as eviction, criminal and sex offender history, have not been considered in making the recommendation. The provider of this report suggests the recommendation provided be used in conjunction with other information before making a final determination. Approval is conditional upon independent business verification.
Landlords who pass the on-site inspection process can obtain complete access to eviction data, criminal data, and full detail credit reports. Please note: If your physical address for verification is a residence, an annual on-site inspection costing $75 will be required to maintain eligibility for the full credit reports through Fidelity Information Corporation/TenantAlert. Passing verification is not guaranteed and there is no refund of application fees. Approval is conditional upon independent business verification. If, for any reason, you fail the inspection or choose not to go through another inspection, you will still have access to the "Instant Credit Decision" reports.
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