Having a rigorous tenant screening checklist can improve the quality of your renters. The less risky tenants you accept can help you drop your property expenditures.
But are you missing anything on your checklist? Is it comprehensive and scrupulous enough? How do you know?
Well, if you take it from us, there are many things that you’ll want to consider when creating your tenant screening checklist. That’s why we’ve compiled this list of screeners’ must-have checkboxes for you.
Let’s get into it!
Employment Check
Tenant screening is one of the most important aspects of maintaining a successful rental property. An employment check should be in every rental screening checklist to verify employment stability. This is important to landlords, as it shows that the applicant will have a steady source of income to help supplement the cost of rent.
This should be included confirming a job offer and validating a salary history. Additionally, current income and whether or not there are any liens or judgments against the applicant should be considered.
Rental History
It can reveal patterns of behavior that could affect the tenant’s ability to pay rent. It can also provide insight into whether or not the tenant is likely to comply with the terms of a lease.
Rental history should include length of tenancy, payment history, evictions, legal actions, and financial judgments. And it is important to check the tenant’s credit report to understand their financial obligations and verify their income.
Credit Score
A tenant credit score is a numerical indicator provided by various credit reporting bureaus. This is based on a person’s past spending and payment history. Landlords require a good credit score from tenants in order to verify whether or not the tenant has had any problems or discrepancies with regard to finances in the past.
It is also a good indicator of whether a tenant will be able to afford future rent payments. A good credit score could signify that the tenant is reliable, responsible, and will be able to consistently pay rent.
Landlord References
These references help to protect both landlords and tenants, by providing peace of mind that the tenant is not a scammer or attempting to defraud the landlord. When looking for a tenant, landlords should always ask for two or more references from previous landlords.
This allows the landlord to confirm the tenant has paid rent on time, taken care of the property, and respected the terms of the lease. If you want to get help with tenant screening, you can try this tenant screening services or other recommendations from your family and friends.
Have a Complete Tenant Screening Checklist
All landlords need to have a fully completed tenant screening checklist to make informed decisions and keep their investments secure. Using a comprehensive checklist ensures that potential tenants are the best qualified for the property. Start your tenant screening process today and experience the peace of mind it offers!
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