Credit Report; arrow rising up and down, dollar sign, equal sign and percentage sign

Choosing the right tenant is the most important task you will have as a landlord. It is essential that you protect yourself and your property by screening tenants with a credit check. This is where most of the newbie landlords make their biggest mistakes. In some cases, prospective tenants will try to distract you from running a credit check on them. They will walk into the property with cash in hand. Make sure you are not falling for that trick.  There are a lot of great tenants out there you just have to take the time to effectively screen all of your prospective tenants. This will help to significantly reduce problems in the future. A credit report will help you verify the prospective tenant’s ability to pay the rent on time. Quality tenants are the key to long-term profitability. 


What is a Credit Report? 

A credit report is a statement that has information about the credit activity and current credit situation of your applicant. A credit report will show you everything from credit cards, loans, mortgages, past-due medical bills and car payments. It is important to look at the prospective tenant’s credit score as well as the credit report because this will show you an individual detailed payment history. This will show you how responsible your prospective tenant is in managing their payments and debts and will show you how they have handled their financial obligations in the past.


A credit report will also let you know your prospective tenant’s financial monthly obligations. If the applicant’s monthly obligations plus rent, exceed his income, that is a red flag. On the other hand, if his monthly payments + rent are a low percentage of his income, then you will have peace of mind knowing that he/she has the ability to make payments. Another good thing to consider is that the household income of your prospective tenant must be at least 2 to 3 times the rent amount. If a tenant has a bad credit score, it is generally a red flag. We recommend a credit score of 650 or more. If your prospective tenant consistently pays his bills late, you can expect the same for your rent payments. 


Credit reports usually contain the following:

Personal information

  • Name and any nicknames or aliases that may have been used in the past in connection with a credit account, including nicknames
  • Current and former addresses
  • Birthdate
  • Social Security number
  • Phone numbers
  • Employment history

Credit accounts

  • Current and historical credit accounts, including the type of account (mortgage, installment, revolving, etc.)
  • The credit limit or amount
  • Account balance
  • Account payment history
  • The date the account was opened and closed
  • The name of the creditor

Collection items

Public records

  • Liens
  • Foreclosures
  • Bankruptcies
  • Civil suits and judgments


Choosing the wrong tenant can result in thousands of dollars in losses. You want responsible renters with a solid credit history who will be able to pay rent on-time, in full, every single month. A credit score and credit report can be the ultimate indicators of whether or not a tenant will be responsible. Picking the right prospective tenant helps ensure that your tenants will pay rent on-time. At CRM Properties, we actively prevent most evictions by carefully placing qualified tenants. We have the experience, tools, and resources to effectively manage your property and maximize the rental value of your home.


Bethan Johnson

Turn Coordinator

Bethan is a Property Manager Assistant. She performs all property inspection and evaluations, creates tenant invoices and oversees disposition of security deposits.

Why choose CRM Properties?

We have the best selection of homes in the Kokomo area. Our staff’s dedication to customer service leads to a swift response to maintenance and tenant questions.


What is your screening process?

We verify income with copies of pay stubs and verification from your employer. We check court records for any judgments and criminal activity. We also contact your previous landlords directly for a referral. We will verify that the person we call is actually your landlord.


Are pets allowed?

Most homes allow pets. We do have breed and size restrictions. We limit the number of allowed pets and you must provide proof of vaccinations on all pets. We charge an additional $25 per month and $150 additional deposit.


How much is the damage deposit?

The damage deposit is equal to one month’s rent. An additional $150 is required for all pets.


How long of a lease must I sign?

Our leases are typically one year. During winter months we structure our leases to expire during the spring.


How do I pay my rent?

You can pay rent in person with a personal check, cashier’s check or money order. You may set up an e-payment or direct deposit. You may also mail your rent or use our dropbox.


What happens if I can’t pay my rent on time?

We do not make arrangements on rent. Rent is due on the 1st of each month. Late fees start on the 5th. If we do not receive rent by the 15th we file an eviction. You may stop the eviction if you pay rent in full prior to the eviction date.


How are utilities handled?

Utilities are typically the tenant’s responsibility. Utilities must be transferred into the tenants name prior to signing the lease. If the tenant is responsible for the sanitation bill and fails to pay it, we reserve the right to increase the monthly rent and include sanitation in the rent.


What do I do if I have a maintenance request?

Why choose CRM Properties?


What do you charge?


When do I get paid?


How much is the damage deposit?


How long will it take to get my property rented?


How do you market my property?


What is your approval process for tenants?


What is the tenant deposit and length of lease?


Do you accept pets?


What is the eviction process?

Amanda Mendenhall

Leasing Agent

Amanda is our Leasing Agent. She oversees property showings and screens applicants.

Bethany Shoffner

Portfolio Manager

Bethany is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience.

Hannah Dobbins

Resident Service Coordinator

Julie Mullinax

Operations Manager

Julie is our Operations Manager. She oversees the staff and the day to day operations of our company.

Heather Johnson

Property Manager

Heather is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience

Jennifer Koenig

Resident Services Coordinator

Jennifer is our Office Assistant. She assists the Property Managers with all property and social media marketing.

Amanda Marshall

Maintenance Coordinator

Theresa Cain-Rush

Property Management Assistant

Darin Olson

Maintenance Manager

Darin is our Maintenance Manager. He investigates maintenance issues and offers suggestions and estimates for repairs.

Lynda Simpson


Lynda is our Bookkeeper. She handles all accounts payable and receivables. She also coordinates all owner and tenant billing.

Chris Mullinax

Broker Owner & New Business Development

As President and Owner of CRM Properties Chris helps generate new business and works on making sure the business is compliant with all local, state and national laws and ordinances.

Call us at (765) 459-8034 during business hours.

We guarantee that a team member will be on the other end to answer any questions you may have.

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