Who should pay for tenant screening is the question this week for veteran landlord, property manager and real estate investor Hank Rossi.
Dear Landlord Hank:
Who should pay for tenant screening, us or the tenants?
We use an independent third party service that gives us credit check, criminal check and everything in one spot but it costs $30 for each tenant screen.
Should the tenant pay this or should we reimburse the tenant if they sign a lease. What do you think?
Dear Landlord Tim,
Tenants expect to fill out an application and pay an application fee for processing.
So they should definitely pay for this service.
Does your service also verify residential history, employment history, etc.?
These are very important too.
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Landlord Hank at work on one of his properties.