It’s not easy to tell if an applicant is reliable by just hearing their story. Mostly, their tales are too good to be true. To find good renters, you should screen applicants thoroughly by looking at their credit, eviction, and criminal record checks. It may seem like a lot of work for one applicant, but it’s worth it.
Protecting Your Property
It is important to protect your property. Some clients have a history of violence and property damage. Such people pose a major threat to your property. Check eviction records to see why the tenant was evicted in past houses.
Peace Of Mind
If you find good tenants, they will pay rent on time, respect your property, and be nice to their neighbors. By constantly screening your tenants, you will increase the chances of finding a reputable occupant, giving you peace of mind.
Learn About The Tenant’s Payment History
It’s crucial to acquire the tenant’s past landlord and employer references before renting them a property. The checks will help you confirm if the renter pays rent on time. Check the employment history and pay stubs to confirm if the tenant earns enough to afford your rental space.
Avoiding Criminals On Your Property
Screening ensures you run a comprehensive criminal background check. An applicant may have criminal records, domestic violence convictions, property destruction, or burglary records. You should be careful because such people may be dangerous to you, other occupants, and your property.
Avoid Low-Quality Tenants
Unfortunately, not all nasty tenants are inevitable. A renter may pay rent late, be disruptive, and be careless with your premises, but not to the extent that merits eviction. So you’ll stick with them until their lease expires, which might take months. If you screen tenants at the onset, you will avoid such problems. It may be costly to screen, but it will save you time, headaches, and money in the long run.
Safeguards The Community
You have a name and a reputation to protect in the community. Tenant screening helps to safeguard the neighbors too. If you keep a criminal on your premises, they will steal in the neighborhood.
Prevents Future Evictions
No landlord likes evictions. Removing a tenant is stressful, time-consuming, costly, and difficult. Knowing the tenant’s history of eviction can help you avoid future evictions. Unfortunately, credit reports reveal eviction information with a monetary judgment attached. A real eviction report will share every detail regarding the tenant, such as unlawful detention, rent arrears, and eviction warrants.
Understanding the Tenant’s Financial Situation
Property management Centennial CO-based ask for a full credit report to understand the tenant’s potential financial problems. The landlord will understand why a tenant has a low credit score through the report. Also, a credit report shows how much debt someone has, compared to their income. If the tenant had financial issues in the past but currently pays all bills on time, a lower score may be acceptable.
Consistency in tenant screening saves time and money. It also reduces the risk of eviction, property damage and safeguards you and other occupants. Without screening, you may have to deal with a low-quality tenant.