Homeowners credit checks are fast, easy and affordable with the homeowners credit bureau
TORONTO – (COMMERCIAL THREAD) – Working as an owner can be stressful work. Preparing the property, reviewing applications, interviewing applicants, choosing the right tenant, and making necessary tenant selection, including credit checks, background searches and past landlord references, takes time. When things go too slowly, it is possible to miss out on good tenants because they can find another property. Fortunately, the Landlord Credit Bureau is working to change that. New Landlord Credit Checks make tenant selection affordable, easy to understand, and fast, giving landlords what they need to secure the tenants they want.
When it comes to rental applicants, timing matters
Rental guides often recommend that people start looking for an apartment or other rental property a month or two before their desired move-in date. This means that they are in a hurry once they start filling out housing applications. Most potential tenants have a few properties in mind and know it is wise to jump into a rental offer as soon as possible.
The Homeowners Credit Bureau understands that time is of the essence when it comes to bringing high quality tenants into a property. The instant credit check option makes it easy for homeowners to get the information they need to make candidate decisions quickly.
Credit checks for homeowners
The Homeowners Credit Bureau makes it easier than ever for homeowners to get valuable information about their applicants, quickly and affordably. Because the landlord’s credit bureau passes rental payment history information to Equifax, landlords can get a solid view of an applicant’s rental payment history.
“In the past, it was difficult and expensive for homeowners in Canada to get credit reports,” said Zac Killam, CEO of the Landlord Credit Bureau. “Now homeowners can get the peace of mind they need with detailed, affordable and easy-to-read credit reports that include credit scores. ”
How Homeowners Credit Bureau Credit Checks Are Different
Most credit checks provide a credit history, showing whether a person has paid their credit card bills and other types of debt (like car loan payments) on time. While this information is invaluable in helping landlords decide to offer someone a lease, the rental payment history provides landlords with the information they really need, which until now has been lacking.
Some tenants have a story that cannot be told just with their credit score. They may have gone through rough times that caused them to fall behind on credit card payments, even though they never missed a rental payment or suffered an eviction. Other tenants may have a low credit rating due to their age or previous financial circumstances. This does not necessarily mean that they are an unreliable tenant.
The Landlord’s Credit Bureau allows tenants to include their rent payment history as part of their credit report, giving landlords a more complete picture of what they can expect from the applicant. Plus, with the Landlord Credit Bureau’s Rent Reporting Tool, landlords can report payments on time, helping tenants build credit for the future.
About the homeowners credit bureau
The mission of the Landlord Credit Bureau is to empower businesses and the lives of owners and property managers while enriching the lives of responsible tenants.
LCB provides the means and tools to secure better tenants, reduce the frequency and impact of defaults and increase operational efficiency while offering tenants – seeking to establish or rebuild credit – a liberating means of improve their credit.
In doing so, the Landlord Credit Bureau enables landlords to increase their income while reducing the time it takes responsible tenants to unlock and access future credit related rewards for themselves and their loved ones.
For more information, visit: https://landlordcreditbureau.ca/