To give you a sense of how we decide whether an applicant will be a “good” tenant or a “bad” one, let me show you an example of our tenant screening report.
To show you what our tenant screening report looks like, I’ll give you an example of a report from both a “bad” applicant and a “good” applicant in the video above.
Though we don’t make these reports directly available to you as the property owner and neither of these examples are of real people, they’ll give you a good idea of what kind of information we look at to ensure you get the best tenant possible.
The first report, for “John Appfolio,” is an example of an applicant who’d be a bad tenant.
The first category the report explores is their credit summary. It shows their negative tradelines, how many delinquencies they’ve had over the years, and their rent payment summary (if other landlords have been reporting their rental history to Experian RentBureau). As you can see, this applicant has four potentially negative items, and each item includes who their creditors were, when the trade happened, what the status is for each, and their total amount of outstanding debt.
After that, the report delves into their eviction history and their criminal history (John Appfolio has two past evictions and four criminal convictions). After these summary sections, the report then gets into more specific details of the information provided.
John Appfolio is an easy denial, but not all applicants are as black and white. If, for example, you get an applicant whose credit, eviction, and rent payment histories all check out but they have a criminal history, we’d provide additional screening and dig deeper into their criminal offense(s) so you can make a more informed decision.
The next report, for “Sally Appfolio,” is an example of an applicant who’d be a good tenant. All the same categories are considered, except Sally has a good credit history, no negative tradelines, no prior evictions, no negative rent payment history, and no criminal history.
It’s important to note that it is possible for someone to have a negative rent payment history and prior evictions that don’t show up in their report. Unfortunately, not all landlords report these things to Experian RentBureau, which is why we verify the last two years of an applicant’s rental history and talk with their previous landlords to verify that they left on good standing.
In case you’re wondering, these reports do cost money, but the applicant is the one who covers the expense.
If you have any further questions about our tenant screening reports or the information that’s included in them, don’t hesitate to reach out to us. We’d be glad to help you.