Conducting background checks on tenants is second nature for landlords. After all, who wants to allow the tenant from hell into their building accidentally? The easiest way to do this is through advertisements in newspapers like the laweekly.
While background checks are a necessary means of determining and distinguishing a good tenant from a bad one, often landlords end up doing it wrong, either by not taking enough information or doing it twice and thrice to make sure.
A good tenant will stick to your rental agreement and not damage the property while staying there. A bad tenant will instead look for flexibility and loopholes to get through. Without conducting a proper check, you may end up losing valuable tenants as well as time and money.
We have detailed below some steps that you can take to get the right tenant without having to worry too much about it.
- Limit applicants
When you advertise your property in newspapers like, you are not just looking for renters, and you’re filtering them out too.
Tenants who are serious about it will go for your ad even if it’s a really basic description of the property- and that’s what we would recommend. Only include details that are related to the property itself, don’t advertise for the tenant.
So, you can limit the number of callbacks you would get this way.
- Don’t show the property to everyone.
When potential renters show up, it isn’t necessary for you to immediately show them the property. You can prequalify renters before showing them the property. Simply asking them a few questions like:
- If they have sufficient income
- Rental history
- Are willing to abide by rules and regulations
- The time when they want to move in
- Review the application
Review the entire application before conducting the background check on the tenant. If there already is a gap in their rental history, bad credit, or insufficient income, then you can reject the application.
No matter how golden a tenant may seem, it is always a good idea to run a background check with the system before you believe them or take them in. it is always better to be safe than sorry. There is plenty of software and websites that can help you in this venture.
Screening a potential tenant is common and primarily used by landlords to determine whether they will pay rent on time and keep their side of the agreement. This type of checking is important for landlords, as it can help them get good tenants and filter out the bad ones. Using a background check service that is unbiased and has a good reputation is recommended so that the information you get isn’t outdated or outright false. A profitable rental business chooses its tenants wisely, and as a landlord, you must make sure that you check your tenants well before renting out the property.