Tenant screening is used primarily by residential landlords and property managers to evaluate prospective tenants. The purpose is to assess the likelihood that the tenant will fulfill the terms of the lease or rental agreement and take great care of the rental property. The process also includes submitting the id proof, settling the cost, police records, and much more critical information. Most landlord depends on Tenant Screening Services in Crown Point, IN.
How tenants screening is done
The tenant screening process typically begins when the prospective tenant completes a rental application and pays an application fee and perhaps a holding deposit.
Rental applications are meant to collect personally identifying information like name, social security number, date of birth, address, employment, criminal, and eviction record. A signature is most required, attesting to the accuracy of information provided and agreeing to all specific terms and conditions.
Why Tennant screening is important
Most landlords can agree that the most challenging task is searching for tenants. It’s very time-consuming, and if you’re not a property manager, ditching the tenant screening might seem like a good idea in the heat of the moment. There are the reasons why tenant screening is a standard industry practice.
Avoid Late Rent Payments: The first and foremost job for a tenant is that they should pay their rent in full and on time. Chasing for tenants when they pay the rent late can be very time-consuming and stressful, especially if you’re a busy professional or have a family. Rent issues always result in evictions, costing us a significant amount of time and money in legal fees. This entire process is avoidable if we focus on implementing a strict tenant screening process.
Keep our Property in Good Condition: Rental properties are subject to wear and tear. Between tenants, there are usually general repairs that need to be done. However, in some cases, we will find that our tenants have left the property in deplorable conditions. This damage may appear as carpet stains, holes in the walls, broken appliances, and many more.