Honesty is just one of those qualities that are very much missing these days. While it is only realistic to expect people to have perfect track records, at least in the case of a landlord, conducting a tenant background check is a must especially if you need to know whether or not the applicants have been involved in eviction notices or have made late payments to their previous landlords.
As a landlord, you do not want tenants to not pay the rent on time. In order to find out whether their track record in the past has been impeccable, conducting a tenant credit check should give you enough information for you to decide whether or not the prospective tenant will be able to pay the rent on time.
Late payments or a tenant having to be evicted can be a real headache for landlords everywhere. In not conducting these checks, you will find a bigger probability for these situations to occur as compared to doing a tenant credit check for every applicant.
No matter how you look at it, in making a landlord credit report, you should be able to safeguard your interests and also expect a rent check every month. In doing this, you will have some peace of mind that you have selected the right candidate.