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| *Ostroff, Fair and Company>>>Renting & Real Estate |
What is good rental credit? |
we are selling our house and our credit is bruised to say the least. what do rentals look at. we havent rented in 14 years A lot of places don't even look at your FICO score. They look at your rental history, mostly. (But some of your nicer-luxury-high end apartments do pull credit reports). What more landlords are wanting is: >did you get evicted? > did you have the authorities called to your place of residence? > were you late on your rent? Basically, they want to know that they are not getting involved in a year-lease with a "deadbeat". I own and manage apartments. The first thing I look at is the obvious, no criminal backgrounds or prior evictions. The second thing I look at is the credit score. Usually 650 and above is the range I favor. If there are still questions, I will call a prior landlord or verify employment. In the past, I have rented to people with questionable credit if they put several, lets say 3 months rent down up front at lease signing. Good Luck! |
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