Tenant Screening
Tenant screening is very important in the rental process. Renting to the wrong applicant can be a costly mistake. By taking prudent steps in evaluating your perspective renter you can get the right renter into your community/rental unit.
There are many ways to do Tenant Screening.You can order your reports online via the internet. Some companies will return the credit report in real-time (instantly) and some will email the results back to you. You can fax the application to a tenant screening company or apartment association and they will fax the results back to the landlord. Some tenant screening companies will allow the member to call in with the information on the new renter.
Of course, everything starts with getting a credit report on a prospective tenant. This can give you extensive information on their history of repaying loans. If they have a poor record of paying their bills, they might have a poor record of paying their rent! Not just credit cards appear on the credit report, also car loans, house payments and other types of loans. It will also list legal problems the tenant may have faced, like leins on their property or evictions
Sometimes the credit report can show evictions, but it’s best to use a specialized eviction report to get the full story. This will give you the most thorough check on whether someone has a poor record of paying their rent, causing a landlord to have to go through a long painful eviction process.
These days, a criminal report is particularly important. Most landlords would like to avoid renting to people with a long rapsheet. But getting the story ahead of time can avoid a lot of trouble later on.
Tenant Screening Services
Tenant screening services come in many “shapes” and “flavors”. Landlords can call in the request or find an online service. Many services offer much more than just a credit report. The basic service would include a credit report and maybe an eviction report.
The most complete Tenant Screening Services would include the credit report, eviction report, possibly a criminal report, and would verify the applicants current job and their residency history. Spending a little extra on tenant screening services is well worth the minimal extra cost.
It’s simply cheap insurance. When you think of what can happen with a bad tenant, you know that you want to do everything in your power to avoid getting that “nightmare” scenario. And it’s not always just financial. Many landlords feel a responsibility to their community to try and rent to the best people possible. Often their rental property is their old home, and the neighbors are their old neighbors — or even their family! So it makes sense to do extensive background checking to make sure you have reputable tenant coming into your property.
And it’s so inexpensive these days to do your due diligence. There really isn’t any reason not to do what you can to reduce your risk. The big property management firms have this down to a science. They know that the secret to making a profit in this game is to do everything you can to get the right people in your property.
Online Tenant Screening
Online tenant screening is the way the marketplace is going. Residents want to know immediately if they are approved, and landlords and property managers are eager to know if they have a qualified renter. They are now able to know immediately what kind of credit they have.
There are many benefits to true tenant credit checks The report comes back in seconds, it is easier to read, and the credit report is stored on the system for later retrievel and viewing. Many online tenant screening systems also give a recommendation to rent or decline.
YouCheckCredit was designed in 2000 by a team of professionals with an extensive background in property management. They saw the need for a comprehensive, yet easy to use tenant screening system desgined from the ground up to supply what a landlord needs to be successful. That’s why we provide such a variety of report. Of course, the foundation is the all important credit report, which can give a general picture of the applicant’s finances. But we go far beyond that to give you a complete picture of the applicant’s background.
A criminal background check provides you with a view on an applicant’s history with the legal system. It’s possible you might have a felon with a long rap sheet applying to your property, and who knows what they’re planning to do next. An eviction report can show you the entire history of whether someone has been reliable in paying their rent — and whether prior landlords had to go through an expensive legal process to get rid of them.
Tenant Credit Report
Tenant credit report can be run with one, two or three credit agencies. Most landlords and property management companies elect to use just one agency. There are three credit agencies: Experian, TransUnion, and Equifax. Even though landlords and property management companies usually only run one credit agency, they often run an eviction report and/or a criminal search as well.
Doing tenant credit screening is a much stronger and meaningful report when the landlord elects to order the eviction report. The stronger tenant credit report can save the landlord thousands of dollars and many headaches. Landlords usually do not want to rent to someone that has already been evicted.
There simply is no reason to take so many risks. In the past, landlords had to roll the dice and hope that their tenant had a good history. They would look at them and see if they seemed to be trustworthy. But we all know that the “gut instinct” method of tenant screening is not the most reliable. Not when you can spend a little money up front as insurance against a really bad outcome later!
And when you think how bad the outcomes can be, you see how cheap the insurance really is. Imagine if a drug dealer moved into your property, and decided to set up a meth lab. It seems like every week you hear about a house blowing up in some peaceful neighborhood where no one knew what was going on. Well, the next house that blows up might be yours if you’re not careful!
Tenant Credit Check
Tenant credit check can be performed various ways. Traditionally individual owners have gone to their local apartment association where as larger properties and property management companies work with tenant screening companies.
10-15 years ago the landlord credit check was not commonly used when renting to a new resident. Even in today’s market, many individual owners are not performing a tenant credit check on their prospective renter. This usually comes back to “bite” the landlord when the tenant doesn’t pay their rent or seriously damages the rental unit.
And it’s more important than ever before to do your background checks. The idea of renting to someone with a horrible history of evictions is bad enough, but it’s even more frightening to think you might rent to a criminal with a long rap sheet, or a shady sex offender who might get up to who know what kind of trouble. But even goes beyond that. In the modern world, we also have to worry about terrorists! There are thousands of people on “wanted lists” around the United States, who have ties to terrorist organizations. And these people need someplace to live. So they often skip from property to property, hoping the landlord won’t do a background check and expose them.
That’s why you simply can be too careful, and you can’t be to vigilent when it comes to your rental property. The downside is just too high. You can get in a world of trouble if you have the wrong tenant.
Tenant Credit Report
Tenant credit report can be run with one, two or three credit agencies. Most landlords and property management companies elect to use just one agency. There are three credit agencies: Experian, TransUnion, and Equifax. Even though landlords and property management companies usually only run one credit agency, they often run an eviction report and/or a criminal search as well.
Doing tenant credit screening is a much stronger and meaningful report when the landlord elects to order the eviction report. The stronger tenant credit report can save the landlord thousands of dollars and many headaches. Landlords usually do not want to rent to someone that has already been evicted.
There simply is no reason to take so many risks. In the past, landlords had to roll the dice and hope that their tenant had a good history. They would look at them and see if they seemed to be trustworthy. But we all know that the “gut instinct” method of tenant screening is not the most reliable. Not when you can spend a little money up front as insurance against a really bad outcome later!
And when you think how bad the outcomes can be, you see how cheap the insurance really is. Imagine if a drug dealer moved into your property, and decided to set up a meth lab. It seems like every week you hear about a house blowing up in some peaceful neighborhood where no one knew what was going on. Well, the next house that blows up might be yours if you’re not careful!
Renter Credit Check
Renter credit check is a report that is ran on a new applicant. This report usually contains credit information and prior rental history. It should scan local eviction databases to ensure that your new renter hasn’t had problems before. Most landlord will not rent to a applicant if they have been evicted before, often referred as a unlawful detainer.
The tenant credit Report should be run on all applicants over the age of 18 regardless if they are going to be contributing financially. If you ever have to evict the people occupying your rental unit, you want as much information as possible on each adult living in this unit. The more thorough of a renter credit check you perform, the more prepared you will be if something goes wrong.
It’s too common of a problem these days. A landlord has a vacant property, which means losing money day after day. The temptation is all too easy to give into when it looks like you have a well-dressed applicant who seems to be well spoken, and claims to have a good job. But what do you really know about them? Anyone can pull off a good act for the few hours it takes to impress someone, and try and “smooth talk” their way into a rental and avoid the background checks. And if you check their job references, many people will just use their friends to take the call and convince you that they’re on the up and up. Always verify the background of your applicants!
Tenant Background Check
Tenant Background Check is fast replacing the traditional method of screening an applicant for renting an apartment or home. With almost every home and business having a home computer connected to the internet, landlords and property managers are demanding to be able to run a credit report instantly.
Landlords and property managers can now order a Tenant Background Check on any new applicant and get the results in seconds. They must have written permission from the tenant giving them to perform the online background check. The report is stored on our website for easy viewing and retrievel.
There are numerous applicant problems that a background check can uncover. For starters, a credit report can show the applicant’s payment history, so you can find out if they have a good track record of paying their bills. It can even show a bankruptcy, which if recent might indicate a lot of financial trouble.
But a background check can go even beyond that. Your applicant might have a long history of evictions, and the background check can help uncover that. Some applicants have been known to skip from property to property, looking for a landlord victim to scam out of free rent. An eviction check can help you stop these people.
Or the applicant might have a major rap sheet of crimes, and are looking for their next “hideout” to keep their criminal career going. They might even be a sex offender, and it’s difficult to know if you haven’t done your due diligence.