Screening a tenant can be one of the best ways to ensure that you’re getting great residents for your apartment or house. If you’re a landlord looking to maximize the amount of money you get from your properties while minimizing the amount of hassle you have to deal with, then you should consider background screening checks. Why? Here are three compelling reasons:
Screening a tenant can help you avoid problem renters
Much like a background screen during the hiring process, screening for tenants can help you determine patterns of negative behavior. While one isolated incident, especially long in the past, may be worth overlooking, a pattern of related incidents could prove disastrous.
For example, if you find that a tenant was arrested for drug use, one time, many years ago, this may be perfectly acceptable to you. However, a person who has been continually arrested might not be the tenant you’re looking for. It’s up to you to determine which incidents you’re willing to accept and which ones send up a red flag for you. However, remember that a person with a pattern of illegal or criminal behavior may not be the best tenant.
Tenant screenings can help you protect your finances
A person with a history of unpaid parking tickets may be just as willing to skip out on rent. Background screening checks can help you dodge these types of tricky situations. For example, if a tenant has ever been evicted, they may not be forthcoming with this information – but a background check will tell you what you need to know.
When you’re a landlord, your money and property is at stake. It’s worth knowing that you’ll have tenants who will pay the rent on time and in full every month. Patterns of negligent financial behavior could mean that a tenant won’t pay rent, putting your finances at risk.
Create safer communities with background screening checks
Whether you own a single property or you have an entire apartment building, creating a safer community can help you find new renters and foster the tenants you have. A background screening can help you determine if you’re inviting safe and reliable tenants into your community.
Again, while some past indiscretions may not prove that somebody is unsafe, a history of problems may put the entire community at risk. Even if you don’t own adjoining properties, everyone appreciates having safe neighbors.
Finding the right tenant for your properties can be challenging. There are many different factors you’ll want to consider before you rent out your space to a new person. By doing due diligence and screening your tenants, you’ll be better able to ensure that your future tenants are safe, responsible and reliable.