The purpose of tenant screening is to select the right tenant for your property. Here’s where you want to make sure you rent/lease to someone who is responsible, and an easy way to do that is to look at their rental history. Did they provide the proper amount of notice? Did they leave their last rental property clean? Learn what to make this decision easier.
Perform Credit Check
A credit check reveals an applicant’s prior financial history (history of paying bills on time). The past can prove to be a good barometer of what a tenant will do in the future. A basic credit check will also tell you if your prospective tenant is in financial trouble. When there are lawyers and debt collectors knocking on the door, they might decide to use their rent money to buy some time. It will also reveal if someone has ever filed for bankruptcy.
Check Criminal Record
Don’t forget criminal record checks. Even if people are completely above board today, they may have a criminal past, and when money is tight, sometimes people choose to do things that are not completely legal, especially if they have a history of criminal activity. Keep in mind that those with a criminal record may try to falsify this information, so make sure to check a government issued ID card to verify that they are who they say they are.
Conduct Litigation Check
You might want to consider checking litigation record to see if the name of prospective tenant will appear there. Some people are basically troublemakers who have appeared in court multiple times without an actual conviction. Use both online and offline resources to check records of lawsuits to see if their names will appear and why it appeared. You might also find eviction history there too.
Chose Stable Tenants
On their application form, look at the tenant’s prior addresses and employment history. Do they move or switch jobs often? If they move often, this pattern is likely to continue and you will soon have a vacancy on your hands again. If they have not shown consistent employment, they may not be able to afford the apartment in three months and you will be left starting your tenant search from scratch or dealing with an eviction. Also, know why they left their previous address. You might consider going down there to get the truth than expect them to tell you.
Trust your instincts
You can do all the screening in the world, but sometimes your instincts are the best judge of character. You may feel that there is something off about a tenant who otherwise looks good on paper. Trust your screening but don’t ignore your guts.
Doing a criminal and credit check (and other allied checks) by yourself can be very time-consuming and stressful. It is best to hire a reputable tenant screening company such as Background Check International to perform this check for you.
For more enquries and advice on tenant screening, Call 01-3426267 or mail [email protected]