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How to Screen Tenants and Borrowers (for FREE)

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REtipster

UPDATE: Cozy was acquired by Apartments.com in 2018, and the service no longer exists as described above. If you're looking for a simpler alternative that works similarly to Cozy, try MySmartMove from TransUnion: https://retipster.com/go/mysmartmove/... (REtipster Affiliate Link).
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If you're a landlord renting properties to tenants, or a real estate investor selling properties with seller financing, there's something you should probably be doing before you sign the contract and close the deal.

Run a credit check on the potential tenant or borrower you're working with.

If you need to pull a credit report on a potential tenant or borrower the easiest method I've ever found is through a website called Cozy. You can get started here: https://retipster.com/cr

It's a great way to get the job done for several reasons:

The system is beautifully designed and easy to follow (for both landlords and potential tenants).
For the landlord or lender requesting the credit report, it doesn't cost anything.
The reports are very easy to read and understand (without being a professional banker or credit analyst).
If you want to use the service to handle other aspects of your business (like property listings, finding tenants or payment collection), it can do that too!

All you have to do is create an account, enter the first name, last name, and email address of the applicant and Cozy handles the rest. The video above explains how it works.

posted by hemoree9w