When it comes to being a rental property owner and landlord, tenant background checks are a must. Novice property owners will often rent to friends or acquaintances without a background check only to find the new tenants default on rent or destroy the property. To be a successful rental property owner, background checks must be completed. Informing yourself of the potential tenant’s history will help to ensure you are allowing quality people to live within your rental property.
Who Should I Choose to Live in My Rental Property?
When reviewing applicants for occupancy, this is a big question you must ask yourself. What type of person do you want to reside in your property? Every landlord looks to approve a responsible individual who will pay rent on time and treat the home as their own. To find such a person, a background check must be completed.
Setting Up your Screening Process
To ensure you choose a qualified tenant, you must set up your screening process correctly. Start by creating an online rental listing that will engage only high-quality tenants. During the review process, ask potential tenants the right questions and gauge their responses. Watch for red flags when you meet them such as behavioral cues or odd answers.
Always require a prospective tenant to provide a credit report. Analyze the report to determine if you feel the individual will be able to pay rent each month. Have the individual complete a criminal background check. You want to know if they have any criminal history that might affect neighboring tenants or your property.
As the landlord, you are responsible for keeping the community safe. You want to be sure that you do not rent your property to someone who has prior criminal behavior. Arguments with neighbors that would normally be common might escalate to violence if the individual has a prior history of violence. It is best to avoid renting to individuals with a colorful criminal past as they might put you in a risky situation with your property.
By following up with background checks on potential tenants, you create a safe environment in the community of your property as well as set yourself up to be successful when renting as you will be choosing a quality tenant.