Three Reasons Why a Property Manager Must Perform a Tenant Screening
As an apartment manager or a landlord of any real estate property, you really want to reduce any negative unpredicted events from taking place in your property. Tenants can be a nuisance and without choosing the best to stay in your property, you may just end up experiencing negative unpredicted events on a weekly basis. Though it may be almost impossible to reduce these eventualities to zero, conducting the background checks can really boost your peace of mind as you run your real estate property.
Be on a Winning Side
Most property managers and landlords tend to skip the background checks on pre tenants, maybe because they feel it will cost them that extra money paid on the hired company. Statistics prove that those property managers who have conducted thorough background checks always end up getting better returns than those who don’t. Why should you take in someone who has a poor tenant history of not paying their monthly rental responsibilities?
Anyway, below are three ways that a pre-tenant background check can enable a property manager to achieve that piece of mind while also doing a great job for their employer.
Determination of financial status
This is arguably the most common as well as the most heartbreaking scenario to any landlord. Housing a tenant who will not pay their rental dues it is. Come end of this month, he has excuse a, month two and he has another excuse. This excuses become a drain to your pockets and mind. To prevent these terrible occurrences from taking place, just conduct a background check to ascertain the employment history of the applicant, their credit score, and their tenure in their previous rental agreements as well as their criminal records among others.
Let Sex Offenders and other Criminals Find Housing Elsewhere
Through a thorough screening for background information of a pre-tenant, you are able to get to understand their criminal records. Are they clean or there are some grievous criminal records attached to their names that will affect your real estate business? Getting to know their criminal records is a priceless jewel that can only be easily obtained through running of the background checks. Sex offenders are among the worst you can consider to stay in your property.
In case there is a tenant re-leasing from you, always run a second criminal screening. Possibly, they have committed a horrible crime after leasing for the first time. With just a small fee, you are also able to get court records in a number of counties.
Thousands of cases have been noted where bad tenants have cost their previous landlords lots of money for repairs as a result of extensive damage or due to lawsuits that resulted from a situation that took place on the rental apartment by these nightmare tenant. Run a background check to avoid such nightmares.