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Tenant screening is essential to any estate agent/landlord’s hunt. This screening process allows you to vet potential tenants, ensuring their suitability. You should follow a screening process carefully to ensure you pick the right tenants.
Before spending time and money on screening, you should ask a few questions to help weed out any undesirable characters. Many landlords add a few application questions for potential tenants to answer right after viewing.
A basic rental application will tell you many things you need to know about your potential tenants. Some things you may want to ask are:
Where have they lived before
Who will they live within your property
Where do they work, and how much do they earn
What’s their financial history (i.e. what is their credit score, have they ever filed for bankruptcy)
Once you’ve got a better idea of potentially approved tenants, you should complete a full background check with an external company. This check will assess their credit history, eviction history, and criminal history.
The background check will have provided a significant amount of information, but there are still a few other things you can do to get the whole picture. You could talk to a past landlord, speak to the tenant’s boss, and talk to the tenant themself to get a better idea of who you are potentially housing.
Once you’ve collected all the information you possibly can, it’s time to decide. Consider everything you have found out, and then contact the lucky/ unlucky applicants to inform them of your decision.
If you need any help with tenant screening, we will chat you through the process.