Finding great tenants for your rental is a huge win for any landlord, and conducting a credit check is the single most important step in tenant screening. Screening tenants and conducting online credit checks is now easier than ever, and do it yourself Landlords have another tenant screening resource in their toolbox. The problem is, there are a ton of online credit check websites out there and prices can vary alot. Here are 3 of my favourites:
Tencheck.com This was the first online credit reporting service that Hope Street used and we have had a relationship with them for nearly 10 years. The fee structure changes depending on how in depth of a screening service Landlords request, but the most effective bang for your buck option is thier “Pre-Approval Report” which costs $24.99. After a Landlord has entered their tenants info, Ten-check returns a report within a few hours with credit score and other useful info. Pros: cheap, easy to use, good support. Cons: can be a little slow, doesn’t always catch everything, particularly recent court judgements.
Naborly.com A version of Naborly is Hope Street’s current preferred provider of bulk reporting. Naborly’s reports are relatively accurate and relatively up to date, but criminal checks are un-reliable. The service has shifted to a free screening model for most individual landlords, and the website generates its revenue by providing insurance and reliability guarantees for tenants. Pros: Free. Cons: Missed out on criminal info consistently.
Certn.co - Great Canadian site, but we haven’t had a ton of experience with them at the enterprise level. Their service is packaged to a variety of industries and not just Landlords, and their website is easy to use. Pros: easy to use, reasonably priced ($29). Cons: relatively new website without a huge track record.
Hope this helps with your tenant screening, good luck!
Hope Street is a customer focused group of rental professionals whose goal is to provide the best property management Vancouver Edmonton, or Calgary have to offer.