Did you know that around 36% of Americans rent their homes?
As a landlord, you know how important it is to avoid problem tenants. You want somebody who will respect your property and uphold their end of the rental agreement.
A tenant background check can help you learn more about applicants and find a tenant that's right for your property. In this guide, we'll explain five useful tools that make the process simple and easy.
Read on to learn more about how to do a tenant check.
1. Online Rental Applications
Online applications streamline the initial phase of tenant screening. These applications gather essential information that helps you narrow down prospective tenants. You'll get access to key info, such as employment details, rental history, and references.
Using digital forms not only saves time but also allows you to easily compare multiple applicants. Rather than leafing through countless hard copies of tenant information, you get everything you need to make a decision in one easy click.
2. Credit Check Services
Credit checks provide valuable insights into an applicant's financial profile. Use credit score services to get reports that show scores, payment history, and outstanding debts.
The last thing you want is to welcome problem tenants into your home. A good credit score often indicates a reliable tenant who will keep up their rental payments.
3. Background Check Websites
Background check websites provide help to ensure the safety and security of your property. By using these platforms, you can uncover any legal issues associated with prospective tenants.
It's important to go beyond just surface-level information. Background checks delve into an individual's past, revealing any criminal convictions, arrests, or legal disputes that might not be immediately apparent.
This approach allows you to make informed decisions about whether a potential tenant is a suitable fit for your rental property.
4. Rental History Verification
Contacting previous landlords helps you learn more about applicants. Did they pay rent on time? Were they respectful of the property? This tool provides insights into how they might treat your rental.
Ask applicants to provide the contact information of two previous landlords. If they are unable to do so, it could be time for you to look at other potential tenants.
When reaching out to former landlords, be respectful and considerate of their time. Keep in mind that some landlords may be more forthcoming than others, so be prepared to make the most of the information you receive.
5. Social Media Screening
Did you know that 90% of Americans use social media? As a landlord, you can use this to your advantage. Taking a look at an applicant's online presence can tell you a lot about them.
Platforms like Facebook and LinkedIn can help you verify the information provided in the application and ensure that they align with your property's rules and regulations.
Your Tenant Background Check Explained With PMI
A tenant background check is vital for landlords who want to avoid problem tenants. With this advice for landlords in hand, you stand the best possible chance of finding tenants you can rely on.
Here at PMI Fountain City, we offer a range of services, including full tenant management, to streamline the process further. Contact us today to discover how we can enhance your tenant selection and property management journey.
