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When you are faced with a prospective tenant, the best way to make sure they are the right one is to hire a company to conduct tenant screening.
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October 4, 2017 Got Some Prospective Renters? It's Best to Have Them Go Through Tenant Screening First Before you even give a prospective tenant any consideration, it's always better to have them undergo rigorous tenant screening first. It goes a long way in making sure you accept the appropriate renter for your property. Here's what the screening process can do for you.
It Gives You All the Information You Need When you get a tenant screening done on your prospective renter, you can expect to get important background information on this person. This includes the tenant's credit history. A credit history with no late payments, collections and bankruptcies is a good sign and often results in a high credit score for that tenant. A favorable credit history serves as a good indication that this tenant will pay the rent on time. On the other hand, a tenant’s credit history with many late payments and collections should be a warning that there is a high likelihood that this tenant will not pay the rent on time. Aside from the credit history, the screening will give you information on a tenant’s eviction history. Nationwide court records are screened for past evictions matching the potential tenant’s name and other personal information. Doing an eviction check is critical as evictions are very costly and time-consuming and as a landlord or property manager, you will want to avoid renting to a tenant you will have to evict. Tenant screening will also give you information about any criminal history that the prospective tenant may have. Criminal records can be critical red flags. The last thing you want is to rent your property out to someone who may pose a threat to the safety of the neighborhood or who may destroy your property. It Lowers Risk on Your End Because you have a good idea about the prospective tenant's past behavior, you can better predict your prospective tenant’s future behavior. Screening will allow you to assess whether you should accept the person's application or if you are much better off renting to someone else. This will put you in a better position and reduce the number of evictions and misconduct cases you will have to deal with in the future. It Protects You from Possible Discrimination Issues Having the same tenant screening done on all tenants decreases the chance you may face discrimination issues as a landlord. This is because you’ll always be able to prove that you made
a final decision on a prospective tenant based solely on evidence and facts for all prospective tenants. It Makes Your Own Screening Process Easier By hiring a company offering tenant screening services, you can be confident that you’ll have all the information you need. Having a screening company run the reports will save you lots of time and effort and when decision time comes around, you’ll simply have to review the reports of prospective tenants to find that perfect renter. It Supports the Right of the Neighborhood to Having Peaceful Surroundings Screening all of your prospective tenants is the responsible thing to do. You want to make sure that you only choose a tenant who will not cause any kind of trouble in the area, whether it's excessive noise, destruction of property, fighting or something worse. Because of all these reasons, conducting comprehensive tenant screenings is something you must always do. This also speaks volumes about your standards as a landlord. It reflects on how much you value your property and the community it belongs to. About Houserie Inc.: At Houserie Inc., we take pride in making sure that you always find out everything you need to know about any prospective tenant. This is why we perform critical services such as a comprehensive tenant screening, including a tenant credit check, a criminal background check, an eviction check and more. We will help ensure you only get high-quality tenants. Sources: What is an excellent credit score? usatoday.com, Criminal Background Checks Are Important When Screening Tenants, american-apartment- owners-association.org,