3 Reasons Why You Cannot Afford Not to Do a Tenant Check

When it comes to renting your property, it is important to know who will be residing in your unit. A comprehensive tenant check can provide you with the information you need to make an informed decision about who will occupy your property.

  • Sunday, September 14, 2014

  General   Tenant Screening   Tips   

When it comes to renting your property, it is important to know who will be residing in your unit. A comprehensive tenant check can provide you with the information you need to make an informed decision about who will occupy your property.

Without a proper tenant screening, it can be easy to run into trouble. Tenants may not pay their rent on time or could refuse to pay for damage they cause in your unit. Unruly tenants can also create disturbances in the neighborhood and become a nuisance to other tenants. In order to avoid such conflicts, it is important to ensure that you evaluate potential tenants.

1. More Efficient Operations

One of the most common reasons that many landlords give for not conducting a tenant check is simply not having the time or resources to do so. Operating a property rental business can be time-consuming. When you need to rent a unit quickly, it is completely natural to want to skip over some steps and simply go with your gut instinct. While this might work out well some of the time, it is a risk and it is a risk that can cost you even more time and money in the long run. Conducting a professional tenant check can assist you in screening your tenants while saving effort and time.

2. Creditworthiness

As a landlord, you have a responsibility to run a tenant check on potential tenants prior to signing a lease agreement. Doing so will eliminate any doubt regarding the tenant's ability to pay the rent. Additionally, a tenant check will provide some insight into the type of tenant the applicant may be and whether the applicant is suitable for your unit. With a professional tenant check, you do not have to worry about taking time out of your schedule to perform a background check. The tenant screening service will conduct a thorough background check on the applicants for you and then provide any relevant information you might need to know.

3. Criminal Background Checks

If you have encountered a situation where an applicant is referred to you by a friend, family member, or even another tenant, you may feel awkward about running a background check to obtain necessary information regarding the tenant's background. Failure to run the proper background check can lead to even more problems later on. In order to avoid such problems, it is advisable to have a tenant screening service do the job for you. This will help to remove the burden from your shoulders while still helping you to make an informed decision. As a landlord, you need to know if a tenant may use your property in an illegal manner or even if he or she has ever been convicted for any unlawful activity in the past.

Managing a property rental business comes with numerous responsibilities. Among those responsibilities is ensuring that you rent to reliable, creditworthy tenants. A tenant check using VerticalRent is the best way to do that.

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