With more and more renters flooding the market, independent landlords need to be using comprehensive tenant screening.
And trust us, there is a big difference between a comprehensive screening report and a screening report that only reaches the surface.
One thing your tenant screening should include is an eviction history. When your potential tenant has been evicted or forcibly removed from a rental property it says a lot about their ability to pay their rent, care for your property and make sound judgments.
Consider this in tenant screening
1. If a tenant has been evicted this is indicative of a pattern. More often than not, it takes multiple months of non-payment before a landlord will take the steps towards eviction. Your potential tenant has one hard habit to break—and no one likes a chronic late payer.
2. Evictions are costly. Really costly. And most times they don’t result in a cash judgment. Save yourself the stress, hassle and money and don’t rent to applicants who have been recently evicted. You can’t afford to.
3. Your potential tenant won’t tell you that they’ve been evicted. They won’t list the landlord responsible for evicting them as a reference. Without a tenant screening report, how else are you going to find out?
Quality tenant screening is a must. It is something landlords can’t afford to ignore or put off. There is too much at stake. Protect your assets—run a screening with each and every applicant.