Today, we are speaking to you about some tenant screening tips that you might employ when you’re looking for a tenant. These are things to include in the process whether you are doing your own screening or using a management company.
Basic Background Checks
Start with the basics. You’ll need to perform a national criminal background check, verify stated employment and income, and complete a credit check. People are streaming into the city of Portland from all over the country, and you want to know if they have brought a criminal background with them. That’s why it’s so important to make sure you’re checking national criminal records. It’s also necessary to verify employment and income because you have to know if they can afford the rent you will be charging them every month. A credit check tells you how responsible they are with their money and if they pay their bills on time.
You can find out a lot by talking to present and past landlords. You can ask all sorts of questions, so find out how they performed as tenants. You want to know if rent was paid on time, if they left owing any money and whether there was damage to the property. Always ask if they would rent to them again. If they would, then that’s a great sign. If they say no, it’s a huge red flag.
Another part of the screening process is finding out how responsible the tenants are. Look at the screening results you have gathered to answer this question. If you have four or five pages of misdemeanors like driving with no insurance or DUI, and it’s a recurring thing, then you might get a hint that they won’t be responsible with your property.
These screening tips can serve you well because when you do a thorough job screening potential tenants, there is less of a chance that you’ll have to evict later. If you have any questions, contact us at Eagle Property Management.