Why I Accept Below 600 Credit Scores from Rental Applications - Tenant Screening Tips

The most optimal applicant for a rental property is one with a 700+ Credit score, making lots of money, and has never had a history of missed payments. But as experienced landlords in non-affluent areas know, this is extremely rare to find if not impossible in some areas. So sometimes we have to work with those who have 600 credit scores or even lower.

A little understanding is needed when screening these applicants. Financial education and credit score training is never taught in High Schools and not required in college. Even worse is our entire economic system is designed to drive people toward bad financial decisions and terrible spending habits. On top of that, poor areas are riff with scams and hustles that put people in these neighborhoods in even worse situations.

So here I’m going to walk through reasons I will accept people with a below average credit score. There are many simple reasons impacting credit that if the applicant simply knew about, they could fix their credit in a matter of a month. Things like not increasing credit limits, not tracking accounts money is withdrawn from, not taking out credit cards sooner, and not utilizing multiple means of credit can all hurt an applicant despite it seeming like all bad ideas to do. So don’t be too quick to judge on the credit score.


Other Popular videos:
Why Dont Investors Buy Vacant Blocks in Baltimore City


Cost Breakdown of a Baltimore City Renovation


Pro Investor Talks Rental Property Design


Evictions in Baltimore City


How much do properties make?

Investing,Real Estate investments,Graham Stephan,Meet Kevin,Investor Army,Money,Credit,Loans,No Money Down,Housing,Realty,Wealth Building,Finances,Baltimore City,The Baltimore Investors,Credit Cards,Rentals,Flipping Houses,Flipping,Millionaire,Grant Cardone,Live For Free,Rent Free,Buying a home,Devin Moreno,Contractors,Wealth,House Hak,House Hack,