When it comes to tenant screening, you owe it to your business and your other tenants to ensure that you only use the best tenant screening service. Not all tenant screening services are the same or will provide the same level of service. Tenant screening is vital to the long-term success of your business. Failure to properly screen tenants can result in all types of unforeseen circumstances, including damage to your property and even liabilities. As a result, it is vital to ensure that you utilize only the best tenant screening service.
Many landlords are often tempted to simply perform a criminal background check and be done with it. Unfortunately, even a criminal background check does not provide all of the information you need to make an informed decision when evaluating a prospective tenant. Suppose, the applicant has a clean background in your state but they committed a crime in another state? In order to be certain of an applicant's background, you need to perform a multi-state criminal record check. Additionally, you need to make certain that you perform a sex-offender record check. The last thing you want to have happen is find out that you have rented a unit to an applicant with a sex-offender record when you have children living nearby. A wants and warrants check should also be performed as part of a comprehensive tenant screening service.
Of course, you also want to ensure that you choose a tenant who will pay his or her rent on time. Whenever you must chase a tenant for the rent, it costs you money and time. To avoid such problems, it is important to understand as much as you can about the applicant's credit worthiness. The best way to do that is with a credit check and an eviction search. Just as with a criminal check, it is important to perform an eviction check on a national level. If a tenant was evicted from a property in the past, you need to know about it and know why he or she was evicted in order to make an informed rental decision.
Deciding whether or not to rent to an applicant is an important decision for your property rental business. Not only are you entrusting a valuable asset to your next tenant, but you are also responsible for ensuring the safety of your other tenants. It should always be kept in mind that you cannot trust everything that a tenant states on an application. Even applicants that seem to be trustworthy could have secrets. Failure to complete a comprehensive background check is a gamble. While it could turn out fine, renting to an applicant blindly could also result in numerous problems and unforeseen expenses.
The tenant selection process can be complex. Landlords have a number of responsibilities. Choosing the best tenant screening service possible can helps landlords to reduce their risks while also helping them to operate their business in the most efficient manner possible.