Property Management Companies Check Credit
A strong credit score is more important now then ever, due to the increasing number
of property management companies and apartment/condo complexes that now
require a rental credit check along with the standard...
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Property Management Companies Check Credit
A strong credit score is more important now then ever, due to the increasing number
of property management companies and apartment/condo complexes that now
require a rental credit check along with the standard rental application.
The rental
guidelines have really tightened up over the past several years.
Before, it was a
simple application and as long as you had a check for the first months rent, last
months rent, and a security deposit equal to one months rent then you were good to
go.
Now along with the credit check they also verify income and employment.
It is
very similar to a mortgage application.
They are doing this in an attempt to keep
problem renters out of their buildings.
Late rent payments and processing evictions
cost the rental agencies money.
They will do whatever it takes to keep those at a
minimal to keep their operation profitable and their clients happy.
After the housing mess hit, many people were left looking for n
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