Basically, you sign up for a free account. From your Experian account, you send an email requesting the tenant prospect to register and sign up and to “share” his/their credit file with you. They pay $20 or so, and then they can share the credit file with you through Experian. Experian sends you an email, you log in and view their credit file. They don’t see your SSN, and you don’t see their SSN. I use this for all my tenants. I don’t accept “hand copies” of credit files they email or fax me (because they can be doctored).
As far as employment verification, I just get them to send me the phone number for to their HR department, and have them sign a consent for employment verification screening. Then I contact the HR dept for employment verification WITH income verification. If it costs money, I tell them to pay for it.
I don’t do normally do background checks if the employees work at reputable company. I assume the reputable company already did a background check prior to hiring them.
If you need a property manager, I can recommend one in South County. He probably does north county too… PM me.[/quote]
Thanks for sharing this…doubt I will need this anytime soon, but looks like a good way…
I suppose you don’t rent to people who work at very small companies (which can be faked like fake referrals)…[/quote]
Actually, I am currently. Size of company doesn’t really matter, it’s just a matter of how quickly can someone prove the make X and have credit score Y, and if necessary, prove the don’t have criminal record Z. I turn a lot of people away who have credit scores lower than threshold (my low bar in a high demand area is 720) .
Legally, you can’t stay a preference for tenants of a particular source of income,nor should you because you can eliminate a lot of good tenants. But the requirement is can you prove you make X to afford the rent, can you prove your credit is good, and can you prove you aren’t a criminal? Proof of income can be with different ways…employment verification, tax returns, 3-4 months of pay stubs, cash in bank account, etc,etc,etc.
