As Boston Rents Continue to Increase, Landlords Must Conduct Due Diligence

In Boston, rent prices continue to climb. Zilpy reports that during the month of January 2015, rents in the Boston metro area climbed by an average of 5.18% compared to the previous month

  • Tuesday, February 24, 2015

  General   Rental Market   Massachusetts   

In Boston, MA, rent prices continue to climb. Zilpy reports that during the month of January 2015, rents in the Boston metro area climbed by an average of 5.18% compared to the previous month.

If you are a landlord in Boston or you are considering investing in rental property , an increase in rental prices can be good news, but it could also mean that you might have a more difficult time locating quality tenants. As an experienced landlord knows, a good tenant who pays his or her rent on time and takes care of the property is worth their weight in gold. In the past, there were few options available for tenant screening other than checking employment and past landlord references. Unfortunately, this often proved to be insufficient and landlords frequently encountered such problems as late rent or property damage because they did not have the fully story. It can be entirely too easy for applicants to provide false information or even have a friend or a family member pose as a reference in order to cover up pertinent facts. Charging a security deposit is one solution to these types of problems, but even that may not be enough to remedy the situation or cover the damages or late rent of a less than conscientious tenant.

Resolving Tenant Problems in Boston Rentals

The best solution for landlords and investors who wish to take advantage of the improving rental market in Boston is a comprehensive tenant background screening. With this type of screening, landlords can rest assured that they are receiving all of the information they need to make an informed decision when reviewing rental applications. Along with a tenant credit check, a tenant background and screening will also let landlords know if the tenant has ever been evicted. This type of information can prove to be invaluable when reviewing tenant applications.

Performing Criminal Checks for Boston Rental Properties

In addition to ensuring that tenants will pay the rent on time, landlords in Boston must also ensure that their properties are protected from potential criminal activity. According to NeighborhoodScout.com, Boston has a crime index of 15, with 100 being the highest. There are 29 property crimes committed for every 1,000 residents. Along with protecting their own properties from the potential for criminal activity, landlords must also make certain that neighbors and other residents are safe from potential criminal activity. This can certainly be a big responsibility, but conducting a tenant screening and background check can provide landlords with the assistance they need.

Conducting such a tenant check does not need to be expensive. With a free tenant screening through services such as VerticalRent, it is possible for investors and landlords to operate their property rental businesses in a professional manner with increased peace of mind.

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