You could be missing out on nice homes in the best areas if you feel that your only option is to rent a no credit check apartment because you have bad credit. Why? Because some owners willing to accept tenants with bad credit reports don't put this in their ads.
Take a look with me at a no credit check house and zero in on why an owner might put the words no credit check in their property listing. You're going to be amazed at the answers which include:
*Reason #1- because the apartment is in a rundown area where tenants really don't want to live.
*Another reason - because the owner has some problem where they are looking for quick cash. Many people understand that putting the words no credit check apartment in your ad ensures that many more tenants will want to rent it.
*A new reason that has emerged is because the owner stopped paying the mortgage and really needs the money now. If you are looking at apartments, condos, or houses offered by owners with delinquent mortgages or foreclosures, be careful. You could find yourself in the middle of a nightmare where you have to move two times instead of one.
*Occasionally it's because you are dealing with a scam artist that is in the business or stealing prospective tenant's money. Be careful because there are a high number of advertisements for no credit check apartments by crooks.
Other options to consider?
There are lots of landlords that are open minded and will rent to someone with a bad credit report even if they do not have prior rental history. Don't let your credit stop you because you can get a nice place in a great neighborhood. The owners are just not broadcasting that they will rent to tenants with bad credit.
All you have to do is three things. Prescreen, package, present. Owners are flexible and know that there are other ways to show you can pay the rental payments. A credit report is just one thing but it's not the only thing. Try prescreening owners of your favorite apartments before defaulting to a no credit check apartment.
The other thing is to fully prepare the owner for what they will find on your credit report before they pull it. This way there are no surprises and by preparing them it kind of gives the landlord a more positive impression of you.
Work with open minded owners and give them some other proof that you will pay the rent. That's all you have to do. You don't have to confine yourself to no credit houses if you have bad credit.
Take a look with me at a no credit check house and zero in on why an owner might put the words no credit check in their property listing. You're going to be amazed at the answers which include:
*Reason #1- because the apartment is in a rundown area where tenants really don't want to live.
*Another reason - because the owner has some problem where they are looking for quick cash. Many people understand that putting the words no credit check apartment in your ad ensures that many more tenants will want to rent it.
*A new reason that has emerged is because the owner stopped paying the mortgage and really needs the money now. If you are looking at apartments, condos, or houses offered by owners with delinquent mortgages or foreclosures, be careful. You could find yourself in the middle of a nightmare where you have to move two times instead of one.
*Occasionally it's because you are dealing with a scam artist that is in the business or stealing prospective tenant's money. Be careful because there are a high number of advertisements for no credit check apartments by crooks.
Other options to consider?
There are lots of landlords that are open minded and will rent to someone with a bad credit report even if they do not have prior rental history. Don't let your credit stop you because you can get a nice place in a great neighborhood. The owners are just not broadcasting that they will rent to tenants with bad credit.
All you have to do is three things. Prescreen, package, present. Owners are flexible and know that there are other ways to show you can pay the rental payments. A credit report is just one thing but it's not the only thing. Try prescreening owners of your favorite apartments before defaulting to a no credit check apartment.
The other thing is to fully prepare the owner for what they will find on your credit report before they pull it. This way there are no surprises and by preparing them it kind of gives the landlord a more positive impression of you.
Work with open minded owners and give them some other proof that you will pay the rent. That's all you have to do. You don't have to confine yourself to no credit houses if you have bad credit.
About the Author:
Aisha is a former real estate broker and property manager, and has suffered from bad credit herself. Through Aisha's experiences and lessons learned to help people with bad credit rent a home or apartment quickly. Learn more about no credit check apartments alternatives by visiting rentwithbadcredit.net today.
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