Finding the right tenant is crucial for a landlord’s peace of mind. The difference between a responsible, long-term tenant and one who misses payments or causes damage to your property can be significant. This is where our professional tenant screening services come in.
What Does Tenant Screening Involve?
A comprehensive tenant screening process includes background checks, rental history, employment verification, previous rental references and affordability testing. While it may be tempting to rush this step to fill a vacancy quickly, skipping proper screening can lead to issues down the road.
Financial Stability
A professional screening will assess the tenant’s financial situation, ensuring they can afford the rent and are likely to make payments on time. A property manager will look into factors such as rent-to-income ratio, to get a full picture of the tenant’s financial health.
Employment Verification
Confirming a tenant’s employment is another critical aspect of the screening process. Property managers have systems in place to verify income and employment stability, ensuring that the prospective tenant has the means to make consistent rent payments.
Rental History
A background check is essential for your safety and the safety of your property. A property manager will conduct a thorough search of the prospective tenant’s rental history. This includes speaking to previous landlords to verify the tenant’s behaviour and any past issues with payments or property damage.
Avoiding legal Claims
It’s important that tenant screening adheres to anti-discrimination laws. A professional property manager knows the legal boundaries and ensures all laws are adhered to while screening potential tenants.
Using a property manager’s tenant screening services ensures you avoid the pitfalls of problem tenants while maximising the chances of finding responsible, long-term renters.
Unhappy with your current property manager? Make the switch to Stone Real Estate – it’s easier than you think.
