Step 1 - The Point System
Rigorous and Consistent Tenant
Evaluation: What should
I consider when evaluating a tenant? We
have developed a tried and tested point system to assure that is
unbiased and generally ensures there can be no claims
for discrimination, as all the tenant applicants are screened and
evaluated by the same benchmarks. These
criteria can be changed to fit your situation as stipulated by you.
To screen an applicant fully, we recommend that you check the
applicant’s criminal history, check to see if the applicant has
been evicted previously, verify current employment, verify previous
rental history with previous landlord, and evaluate the
applicant’s credit report. The parameters used to evaluate these
categories of screening information are given below:
|
Applicant Information and Rent
|
|
|
Rent |
3X Rent |
|
Current
Income |
|
Monthly Rent |
$Specify |
$Specify |
Applicant |
$Specify |
|
3X Times Rent |
$Specify |
$Specify |
Co-Applicant |
$Specify |
| |
| I. Income |
|
| Apartment rental less than $600 |
|
Less than 3 X rent |
0 |
|
3 X rent |
15 |
|
3.5 X rent |
20 |
|
|
|
| Apartment rental $600 - $1000 |
|
Less than 3 X rent |
0 |
|
3 X rent |
20 |
|
|
|
| Apartment rental more than
$1000 |
|
Less than 3 X rent |
0 |
|
3 X rent |
20 |
|
|
| |
|
|
| # lines of credit |
5 or less |
6-10 |
11-20 |
21 + |
| All lines 1 |
20 |
25 |
25 |
25 |
| 1 line 2-4 |
10 |
15 |
20 |
25 |
| 2 lines 2-4 |
0 |
10 |
15 |
20 |
| 3 lines 2-4 |
0 |
0 |
10 |
15 |
| 4 lines 2-4 |
0 |
0 |
0 |
10 |
| 5 lines 2-4 |
0 |
0 |
0 |
10 |
| 6 lines 2-4 |
0 |
0 |
0 |
0 |
| No Credit |
5 |
|
|
|
| |
|
|
| Bad reference - noise, damage,
late payments, notice |
0 |
|
| No history - lives with family,
no mortgage, no credit report |
5 |
|
| One year in an apartment
complex or anytime in a private house |
15 |
|
| Two + years in an apartment
complex - positive response |
20 |
|
| If renting from a relative,
must have 3 months of cancelled checks |
|
|
| 2 + NSF in past year / 3 + in
past 2 years |
YES |
NO |
| 3 + late payments in last year
/ 4 + in past 2 years |
YES |
NO |
| Did not give proper notice |
YES |
NO |
| Foreclosure on home in past 2
years |
YES |
NO |
| Any deliberate false reference
information |
YES |
NO |
| Left unit in poor condition |
YES |
NO |
| Noise complaints / illegal
activity |
YES |
NO |
| |
| IV. Automatic Denial |
|
|
| FED |
YES |
NO |
| Bankruptcy in past two years |
YES |
NO |
| Sporadic/temporary employment -
Employment
Notes >> |
YES |
NO |
| Any Evictions - Automatic
Denial - Eviction
Notes >> |
|
|
| If any category receives 0
points |
YES |
NO |
| If cumulative points are less
than 35 |
YES |
NO |
| No valid Social Security Number |
YES |
NO |
| Any outstanding collection over
$250.00 |
YES |
NO |
| Any felony ever/misdemeanor
in past 5 years - Criminal
Notes >> |
YES |
NO |
| Must pass criminal, must be 21,
name must match SSN card or drivers license - Criminal
Notes >> |
YES |
NO |
| |
|
TOTAL POINTS
(Must have 35+ to be approved) |
APPROVED / DENIED |
See
also Special Situations Notes >>
For further information about the services offered by TenantCheckUSA
contact Customer
Service by email or call 1-800-315-7678 (or
303-455-8855 if outside of the US). Our hours of business are from 7
a.m. to 8 p.m., Mountain Standard Time (MST), Monday - Friday. We are located at 1760 Gaylord Street, Denver, CO 80206. Please feel free to call our offices on Saturday, we will
be open if the preceding week has been busy. For technical
problems, contact Webmaster, Jason
Hicks.
If you call to cancel your order BEFORE the order is processed, then there will be a $15 cancellation charge assessed. BUT please be advised that once your request has been transmitted to our researchers it is NOT possible for us to cancel the charges, nor change or expedite the order. For unsubstantiated, contested, or fraudulent credit card charges, there will be an additional $25.00 MINIMUM
processing charge plus collection and legal fees, if incurred. By
placing an order with us you hereby agree to these terms.
|
