Why Landlords Should Include a Credit Tenant Check When Screening Applicants

Being a landlord can be tough. You’re expected to be on top of a million things relating to the safety, security, and comfort of your tenants all at the same time. From plumbing and electrical problems, broken steps, regular maintenance and inspections, and making sure that tenants follow the rules, all these things fall within the purview of the landlord’s management tasks.

And then there’s the matter of collecting rent and making sure that everyone pays on time. Sometimes, there will be a tenant who will forget to pay the rent on time, or even worse doesn’t have enough money to pay the rent. This can be a problem for the landlord in the overall scheme of things because the rent money is what will be used for the maintenance and other expenses of the property. This is why it’s crucial for landlords to do a tenant credit check before accepting any applicant. Here are some ways that will show how doing a credit check can benefit your property business. Read more from this blog: http://bit.ly/2vnckTL

Tips on How to Run a Proper Tenant Background Check for Your Property Management Business

Property owners looking to rent out their places have a lot of work to do before their property can be listed. There are logistics and administrative matters to handle, as well as making sure that the property itself is up to par with standard building codes. In addition, the property should be marketed and advertised at the right places so people looking for a rental property can apply as prospective tenants.

Speaking of tenants, this is another factor that must be carefully considered by the property owner. Ideally, there should be a tenant background check system in place to ensure that they are only renting their property to trustworthy tenants.

Why Do A Tenant Check

There are many benefits to doing a comprehensive tenant check foremost of which is ensuring the quality of tenants in the property. Ideally, property owners want to get tenants that have a clean criminal and eviction history, have a good credit rating and history, and can be trusted enough to respect the rules of the property as well as the rights of the other tenants. Read more from this article: http://bit.ly/2g8a3S0

Why Property Owners and Managers Should Have Tenant Screening Processes in Place

Opening up your property for rent to other people can be a lucrative business. While that may be the case, it is also the type of business that can be very risky, especially because you are entrusting your property to people you don’t necessarily know.

This is precisely the reason why it’s ideal for property owners and property managers to implement strict tenant screening procedures. As you would in your family home, you have the right to be selective as to who will be welcome to stay in your property. Here are some more reasons why a comprehensive tenant screening should be performed on all prospective tenants.

Safety and Security

Safety of your tenants and the security of your rental property are of utmost importance. As a property manager it is your job to ensure that the prospective tenants will not pose any problems in the future by damaging your property and/or displaying disruptive behavior that can disturb, offend, or put other people at risk. This is especially important if the property you are renting out also accommodates other tenants. Read more from this article: http://bit.ly/2yeV8jX

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Houserie Inc. Simplifies Tenant Screening By Offering Three Packages

Houserie Inc., simplifies the tenant screening process for individual landlords and large property management companies by offering three convenient packages. Assessing prospective tenants by investigating their history and background is important for a plethora of reasons. For instance, an in depth tenant background check can help determine the trustworthiness of a potential tenant, lower risks of evictions or issues of misconduct, and even make the process of rental application easier.
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Background Checks Eliminate Risks for Landlords

Landlords deal with a lot of risks when it comes to renting out their property to a tenant. For example, renting to the wrong kind of tenant can not only cause some financial distress but physical damage to your property as well. Here are some red flags to avoid that will save you from the fate of having to deal with nightmare tenants.

What to Do Before a Tenant Background Check?

Conducting a tenant background check will not only ensure you that rent payments can be made and lease terms can be fulfilled, but will also give you an indication of whether the prospective tenant is safe to have around your properties and neighborhood. Here’s how you can do that:

Rental Application

Before accepting any tenants, require them to submit a rental application, which will give you the information you need to conduct a background check. With this application, you can also do your initial assessment as to whether or not a prospective tenant would be a good fit for your property.

Authorization Form

Part of a tenant’s background check includes looking into his or her credit history. But you can’t just get a person’s credit information without complying with the law. Section 604 of the Fair Credit Reporting Act (FCRA) requires a person’s permission for another person to do a credit check. You, as the landlord, will need to ask applicants to complete a credit report authorization form.

Interview

An Initial assessment can be done through an interview. Aside from a background check, an interview can help you determine if this applicant is respectful and comfortable to talk to. Remember, you’re going to interact with this person often, so you should make sure you can be friendly, or at least respectful to each other.

You might ask the prospective tenant why he or she is moving and who might eventually live with them in the future. You may also ask if the tenant owns any pets. There’s a lot you can ask, and the point is to get as much information as necessary to assess the tenant and proceed with the background check.