Free tenant screening is not so free. You could be liable for claims over $1,000,000. Credit reports have become one of the essential elements in checking the background of a potential tenant. The days of the handshake rental lease are over. Today, renting to a person without a proper tenant screening process is like playing
Category: Property Management
After scouring the internet every hour on the hour, booking viewing appointments and touring a city for weeks on end, congrats! You’ve finally found the perfect (or near perfect) place in a great location to call home. So what’s next? According to landlords, proving yourself a prepared and honest person during your lease signing is
Landlords and Property managers have a difficult mandate: find people that are reliable and fit well into the community. The traditional approach is to: Fill out application Meet applicant Check references (Maybe) Run Credit report (Maybe) The problem with this approach is you are only getting reliable information right at the end of your process.
1. Why are you moving? This question can tell you a lot about the resident, so listen closely. You want to look for legitimate reasons for moving, such as changing jobs or wanting more room. Beware of red flags for moving, such as being evicted, suing former landlord or the resident keeps getting into arguments
Tenant screening is a bizarre proposition. All too often property managers in low vacancy markets view it as a best practice for high vacancy markets and those property managers in high vacancy markets see it as the opposite. It’s not until property managers evict their first bad tenant that they understand the costs and time