by Anonymous on June 29th, 2007

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My business just bought an apartment complex, and this is the first time I am renting to someone. The person who wants the apartment will not provide a social security number, and only has their employer as a reference. Should I let them rent it?

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by theredbaron on June 29th, 2007
Unless it's someone you know personally (and know they're reliable), absolutely not. You should not rent to anyone without having run a credit check first. Once a renter moves in it is nearly impossible to get them out against their will, even if the law is in your favor. The complex was purchased as a business venture -- rental income is an important component of that venture's success.
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- You are correct. Renting can be vicious...they are nice when they move in and it changes fast. Laws are tilted to the renter (probably rightfully so, but still) and what recourse do you have after you evict someone? Your drywall, paint, carpeting are at their mercy. A $50 background check is money well spent.
  
  We have a couple rental properties and we are very lucky that we've been able to fill them with friends/family for the last few years. We take 3/4 to 1/2 of what we could get on the market....but having no headaches or worries, while helping out friends/family, is all worth it.
  
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  by Eponymous on June 29th, 2007
- Agreed. And the advantage of renting to those you know is that you can be more confident that they'll be around for a while. Years of consistent rent payments, even though under market prices, is still better than having to fill vacancies from repeated turnover in occupancy.
  
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  by theredbaron on June 29th, 2007
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by Anonymous on June 29th, 2007
No. checking a person credit history, will either give you a red flag or green light for their renting. credit ratings have much been the barometer of a persons total character and their credit worthiness.

Too many people are being evicted for either non-payment or running out on unpaid rental.

No social security number is a major red flag of problems.

No SS, no rental. start your position off right and set strict guidelines for your apartment rentals.

You will be glad you did.

A record check will also eliminate drug addicts and drug dealers.
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by Redhawk on July 1st, 2007
NO, NO, NO! If you want to see MY rental contract (I'm a landlord) let me know...I design my own and it is rock solid to be fair and PROTECT ME.

Shoot me an email and I'll send it to you.
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by Fox Happy on July 1st, 2007
No no no sweet God no absolutely not.
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by kidalbino on July 1st, 2007
I agree with everyone else. Plus, why are they only giving you their employer as a reference? Don't they have a current or previous landlord? That's a redflag as well. They probably don't want you calling their other landlords and finding out ahead of time that they are trash.
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by Anonymous on June 29th, 2007
No. checking a person credit history, will either give you a red flag or green light for their renting. credit ratings have much been the barometer of a persons total character and their credit worthiness.

Too many people are being evicted for either non-payment or running out on unpaid rental.

No social security number is a major red flag of problems.

No SS, no rental. start your position off right and set strict guidelines for your apartment rentals.

You will be glad you did.

A record check will also eliminate drug addicts and drug dealers.
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You're reading My business just bought an apartment complex, and this is the first time I am renting to someone. The person who wants the apartment will not provide a social security number, and only has their employer as a reference. Should I let them rent it?

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My business just bought an apartment complex, and this is the first time I am renting to someone. The person who wants the apartment will not provide a social security number, and only has their employer as a reference. Should I let them rent it?

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Question

My business just bought an apartment complex, and this is the first time I am renting to someone. The person who wants the apartment will not provide a social security number, and only has their employer as a reference. Should I let them rent it?

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