5 Easy Steps For Choosing a Tenant - Property management, Landlord
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Deciding who is going to be living in and caring for your rental property is never an easy decision. So when you are conducting a background check on potential tenants, why would you take any chances of letting important information slip through your fingertips? Here are five easy steps to correctly conduct a tenant background check. The first step is to require that your tenants fill out a rental application. The information being asked on this form should include credit history, employment status, employment history, and last but not least the names of former landlords. One thing you also may want to keep in mind is charging an application fee to cover any costs of background checks or credit screenings. The next step is to validate the information you receive. Make the appropriate calls to any banks that the applicant lists to ensure that they are in good standing and that they don’t have outrageous loans or debt in their name; this could cause slow or no payment in the future. Also call the employer of the applicant to validate his or her status as an employee, even calling past employers to see if this individual left on a good note. If an employer tells you the applicant had an anger issue or left in bad standing, you may want to take that into consideration. Step three is to contact the applicant’s former landlords. By doing so, you can verify if the individual made payments on time, caused any damage to the property, or if any other issues had ever risen from …
June 15 2011 | tenant loans UK | No Comments »