Good great is a good indicator, but is no guarantee of a good tenant. Good credit history indicates that someone pays bills on time and knows how to manage their finances. Renters usually have worse credit than homeowners / landlords. Bad credit is not an absolute disqualifier. There are perfectly valid reasons why some people have bad credit and some of those people with bad credit can be outstanding tenants.
A credit history check is not the beginning or end but it is a good place to start to get a picture of whom you're dealing with.
Our Five Step Process
Property Management Basics
You will be pleased to know that Nesbitt Realty is trusted by both local, out-of-state, and foreign property owners. Real estate investors and trusts hire us, but most of our clients are everyday people from all walks of life. They simply need some assistance with managing their property. While we do have some wealthy clients who have no mortgages on their properties, the majority of our clients are known as “mortgage landlords”. “Mortgage landlords” need rental income in order to pay off mortgages. A number of these homeowners are the average people and this is the single largest investment interest that they have committed to in their lives.