Cash Flow Friday Tip #11: How to correctly evaluate a prospective tenants background and credit history

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 27 March 2015

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this week's Cash Flow Friday tip I'd like to talk about how to effectively dissect and read through a credit report when evaluating prospective tenants. Some of you may think this is as easy as looking at a credit score or seeing if there are any collections or delinquent debts, but if you want to do yourself and your rental justice you really need to learn how to build a story from the data provided and only then make a determination based on both the facts obtained from the credit report and info provided from the tenant to decide if they will make the cut.

This show will walk you through my process of reading a credit report and screening an applicant.

Recommended Resources

Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
Schedule a free "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to partner with the industry experts? Check out http://www.SunriseCapitalInvestors.com

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies
0:09.8	and tips that will help increase your cash flow, make you a more sophisticated investor,
0:14.8	and provide you with the tools necessary to take your real estate business to the next level.
0:19.4	Now, here's the man you've been waiting for, Kevin Bub.
0:23.6	Hey guys, Kevin Bubb here with episode number 11 of the real estate investing for cash flow.
0:28.7	Cashflow Friday tip.
0:30.4	Thank you for joining me today as I share tips and strategies that will hopefully bring
0:34.4	you a ton of value and help take your real estate business to the next level.
0:38.8	In this week's Cashel Friday tip, I'd like to talk about how to effectively dissect and read through a credit report when evaluating prospective tenants.
0:47.7	And some of you may think this isn't as easy as looking at a credit score or seeing if there are any collections or delinquent debts.
0:54.8	But if you really want to do yourself and your rental justice, you really need to learn
0:59.4	how to build a story from the data that's provided from the credit report in the background
1:04.3	check and then only then make a determination based on both the facts obtained from
1:09.0	the credit report itself in the background check
1:11.3	and also the info provided from the tenant to decide if they will make the cut and be approved
1:15.9	or denied.
1:17.8	And the topic of this week's show came about after a recent training session I had with
1:23.0	one of our new park managers and one of the mobile home parks we own just the other day. And this was
1:29.0	training her on how to read through a credit report and a background check to determine if an
1:34.4	applicant was going to be approved or declined. And now mobile home parks and low-end rentals,
1:40.0	which is mostly what I've dealt with throughout my investing career and the types of
1:44.3	properties I've owned.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.