by Andrea West
Posted on 2017-06-26 12:56:45
Marion owns five duplexes. One of her units is vacant and already rental applications are coming in. This seems promising - it shouldn’t take too long to fill the unit - but she notices that the first family to apply doesn’t have a credit score. They pay for everything in cash.
That seems strange, she thinks to herself. Who in the twenty-first century uses only cash?
What does she do?
This scenario does happen. Some people don’t have a credit score because they’ve never used credit. Others are young and just getting started with their credit score. There are many landlords who won’t consider renting to someone without this piece of information, but just because someone lacks a credit score doesn’t mean they will be a bad tenant. Remember, the credit score isn’t everything, so if you come across this situation, like Marion did, here are some tips you can follow-
From Marion’s own experience, she knows that even if an applicant does have a good credit score, that doesn’t mean they will be an amazing tenant, so she decides not to rule out the family that deals only in cash right away. She will give them as much a chance as the other applicants and follow these steps. In fact, these steps would be useful to follow with any applicant as they give information that is pertinent in deciding who would be a good resident.