Taking into consideration the fact that a tenant will shop around with several landlords means that the tenant applicant is left with dozens of landlord credit checks which will definitely lower the credit rating. This is absolutely false.
The truth of the matter is that landlord credit checks seldom affect a person's credit score. The reality is that a credit report with a lot of credit inquiries put a third party on the alert and can even cause a slight drop in the credit score. However this is only true in case of hard inquiries. A credit inquiry by a landlord is considered a soft inquiry regardless of the number of inquiries provided it was made over the span of a few weeks. All inquiries will be considered as a single soft inquiry and by law cannot affect the credit score. The reason is because the law recognizes the right of a tenant applicant to shop around for the best deal possible and this means going to dozens or even hundreds of tenants to request a quote.
So‌ What’s Next ? To learn more about Credit Reports For Landlords, Click Here: http://creditreportsforlandlords.org