The Reason why Every Landlord needs Tenant Screening?

A great advantage is usually gain when there is tenant screening for every landlord. Part of this advantage is reducing your risk to & tenant turnover to improving everything from cash flow profits & your chances of sleeping at night ” tenant screening has become an integral component of smart landlords standard procedures.

Why Prescreen Tenants?

You are putting yourself in a great danger & even a financial risk if you would just lease your property to a complete stranger. There is need to know your prospective tenants which includes their previous rental credit & job history thus this is essential in determining if there are good when you’re taking a risk.

Landlord Risks

Your new tenant could pay rent late or not at all. They might steal or damage your property. They could abandon your rental unit with no notice owing you back rent. We have all heard stories of bad tenants taking appliances & light fixtures when they move out you do not want that to happen to you

And theres risk to surrounding neighbors as well. Being unaware of a persons criminal history before placing them in your rental property is just not a good idea. Not only are neighboring adults & children at risk of being harmed but you as the landlord could be held liable for your tenants actions. In a litigious society mitigating your chances of being sued is absolutely necessary.

What Landlords Need to Know

Is the prospective tenant working? If so how long have they been with the company? Being employed favorable sign. How strong is the tenant’s credit history? Are there liens & judgments against them? What about earlier evictions & other legal problems? Has the prospective tenant been convicted of any crimes & if so what was the offense?

What a Tenant Screening Report will Reveal

Pre screening your tenants will enable you to identify future problems that will arise if they have a history of evictions or late payments.

Is the potential tenant employed? If yes how long have they been with their boss? Having a job is positive sign. How well-built is the tenant’s credit history? Are there liens & judgments against them? What about prior evictions & other legal problems? Has the prospective tenant been convicted of any crimes & if so what was that all about?

To ensure that you have the prospective tenant’s information you must have a criminal background check thus you will be able to know the precise name Social Security Number & current address. It will also ponder you about his criminal record in state country & national level subject to state law

You’ll know whether the applicant has been convicted of a crime or not along with the type of offense date & locality. Sex offenses are also reported but information varies by state. Finally tenant background checks reveal any aliases used incarcerations & whether the potential tenant has been placed on federal terrorist watch lists or is listed as an international narcotics trafficker.

Things to Remember

You must obtain the applicants authorization to carry out a tenant background check which can be a standard part of your application method. The notification must be a separate document however. Also all information you find out from a credit report must be held in strictest confidence & never shared with third parties. Your applicant may have a right to the report check your states guidelines & the Fair Credit Reporting Act FCRA to be sure you are compliant. If you refuse an applicant for credit reasons you must advise them in writing. E-Renter can handle your background screening to ensure you are within the guidelines of the FCRA.

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