When it comes to tenant screening, credit reports can be one of the most important things to consider as you want a responsible tenant who will pay their rent on time.
On paper, your tenant looks great: they have an excellent rental history and sparkling recommendations. Unfortunately, they disclose to you upfront (or admit when they fill out the paperwork) that they have bad credit. Should you shy away from this tenant? You may have struggled to get your property rented out, or you may be on the fence about other renters who have applied. In any case, it’s important to know your options when it comes to dealing with a good tenant with bad credit.
How do you understand a tenant’s credit report and what are your different options when it comes good credit or bad credit? Find out more on Forbes.com.