Checking for the best tenant to live in your apartments has to do with screening checks. Interviews come to your mind when you think of applying for a job. In the same way, tenants see screening checks one they think of relocating. While some may see it as a bad thing, it helps landlords a lot to get only the qualified tenants. What are these checks that have to be performed? Don’t expect that with a single check, you will automatically qualify. There are several checks to be performed. The number may increase or reduce according to who the landlord is and what are the required specs. Landlords go with flexibility which is very much accepted as long as it gets the right people in a home. With that said, companies that provide rental check reports will have different checks offered to the landlords. Here are the main ones;
- Credit checks
By the mention of the word ‘credit,’ money comes to your mind. Everyone would like to live in a nice apartment. But not all are qualified to be there; that’s nature. Credit checks are set to evaluate how healthy an applicant is I terms of finance. This doesn’t necessarily mean that all applicants must be rich. The point is to get someone who can afford to pay for your apartment without constraints. Through credit checks, rental habits will be brought out. If one has been defaulting payment, you will know. If the payments have always been made but with delays, you will also know. Other details brought out is the place of employment for the applicant and other previous addresses. If some of these important details were left out in the initial application or they contradict with what you have, watch out.
- Criminal history screening
It is expected that every landlord will get to know who occupies their apartments. If they let in dangerous people who can harm other tenants living in the apartments, the landlord takes full responsibility. That means the landlord is to lose by compensating the hurt tenants. Criminal checks are hence essential to save the landlord the agony by knowing if one has had crime involvement in the past. If a tenant can prove negligence on the side of the landlord, you can do nothing about it but compensate. Again, you may require the help of the police when carrying out evictions of dangerous tenants which will cost more.
- Eviction reports
A tenant who has been evicted before means he/she left previous landlords no other choice. Payment defaulting, being a threat to other tenants or such reason may have contribute to the eviction. None of these sounds friendly. Remember that you will also be the landlord and you might be forced to evict the individual, again. Instead of losing money knowingly, why not reject the application?
To be on the safe side, try to use all of these where possible. Tenants may dodge in one but not all.