Home Buying in 11235>Question Details

Rob, Home Buyer in Brooklyn, NY

Is there a website or a public info roster on Deadbeat Tenants?

Asked by Rob, Brooklyn, NY Thu Jun 20, 2013

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Answers

5
When you do a credit search on a perspective tenant, have your Broker run a Landlord Tenant check as well. As long as the landlord has reported the issue to the credit bureaus, and won a judgement, this will show. Additionally, any judgements on the credit report should be scrutinized to see if they have to do with rent issues.

That being said, if everything else is in order and looks great, I would permit the tenant to supply a letter of explanation. There are some really bad landlords out there, and so many people share apartments with roommates in NYC that there could be a plausible explanation that you might feel comfortable with if everything else is stellar.

This is where having a trusted Broker screen your tenants might really come in handy,
1 vote Thank Flag Link Thu Jun 20, 2013
Thought more about this question. My opinion is that if the potential tenant has a poor credit rating it is a bad sign. True there are explanations but a bad credit score should at least be of concern. Do everything you can to review the total picture and don't just take the first person who comes along. Every situation depends on all the facts of the specific situation.
0 votes Thank Flag Link Fri Jun 21, 2013
There are a lot of reasons that tenants have had problems in the past with their landlords. Background checks don't reveal everything and a letter of explanation is nice to have and should be checked further. Personal billing history is usually a good source and tax return from the IRS is also a help for verification. Applicants are usually required to give their last residences to verify their identity and to verify their rental history. Taking into account roommates its very difficult to verify much of this information. A friend isn't usually hesitant in giving a friend a good recommendation. Ultimately no one can give you a guarantee, the only thing you can do is make the best decision with information that you have. As the landlord have an ironclad rental lease to give yourself the best protection. good luck George
0 votes Thank Flag Link Thu Jun 20, 2013
If a tenant has been taken to Landlord Tenant Court and the lease was in their name, it will show up on the Court reports. But that is it.
No Landlords cannot report to the credit agencies.
Yours,
Kathryn Lilly, Broker
Realty on the Greene, LLC
718-858-7600
0 votes Thank Flag Link Thu Jun 20, 2013
I thought Landlords could report a rental dispute.
Flag Thu Jun 20, 2013
Not that I know of. But there are several companies that do searches for a fee to determine the potential credit worthiness of renters.
0 votes Thank Flag Link Thu Jun 20, 2013
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