HotPads Credit Checks is an online, tenant screening solution geared toward providing landlords with a more effective way to evaluate their prospective tenants' rental applications. HotPads' Credit check helps ensures that you get quality tenants by providing you with extensive reports and reviews of your potential tenants.
Now, small landlords have access to the same tools that larger firms use in an easy, online service that supplies you with extensive credit and criminal histories of your applicants and even makes recommendations for their approvability.
In just 3 steps, you will have extensive histories for your applicants and a recommendation of their qualifications.
Step 1: Landlord Sends Request
Enter the applicant's email address and decide whether you will pay the $25 credit check fee or if that will fall on the applicant.
Step 2: Renter Authorizes Credit and Criminal Checks
The renter will receive an email with simple directions for authorizing you to access their credit and criminal histories.
Step 3: Landlord Reviews History and Makes Decision
You will be able to view the applicant's entire credit and criminal histories. TransUnion also evaluates them and makes a recommendation for either "Decline, Conditionally Accept, Low Accept, or Accept."
Why It's Great
- Quick & Easy: No waiting for approvals or documentation
- Comprehensive Data: You gain full access to credit and criminal reports
- Flexible Terms: You pays per use; no set-up or membership fees
- Prompt Results: The custom reports and leasing recommendations arrive in your inbox in minutes.
- Flexible Fees: You decide whether you will cover the reduced $25 fee or if the applicant will pay it.
- Joint Tenant Recommendations: You will receive a single leasing recommendation regardless of how many renters or co-signers have applied
Comments