As experienced landlords know, tenants can have a huge impact on your business. Responsible tenants will pay their rent on time, minimize wear and tear, and typically treat your property like it was their own. Bad tenants, on the other hand, can be costly in more ways than one. They may consistently pay their rent… Read more »
Posts Categorized: Tenant Screening
8 Common Tenant Scams and How to Avoid Them
Every landlord wants to have responsible tenants who pay their rent on time, respect the property, and don’t cause any trouble. Unfortunately, there’s always some risk associated with renting your property; this is why it’s essential to be cautious when reviewing applicants and keep an eye out for any red flags that could indicate a… Read more »
Warning Signs Your Tenant Isn’t Planning to Renew Their Lease
Tenant relationships can be difficult to navigate at times, especially when it comes to the end of a lease. Although you may be ready to renew the lease, your tenant may have other ideas. Keep an eye out for these warning signs your tenant may not be planning to renew their lease so you can… Read more »
How to Choose the Best Tenant Screening Services
How to Choose the Best Tenant Screening Services Tenant screening services provide numerous benefits for landlords and property managers. They’re convenient, efficient, and allow you to focus on other aspects of your business. However, not all screening services are alike. Many of them vary in terms of the types of reports and support they offer…. Read more »
What You Need to Know About Renewing a Lease with Your Tenant
When a tenant’s lease is coming to an end, you’ll have to make a decision: whether to renew the lease or part ways. If the tenant has been reliable, responsible, and a good resident overall, the easiest choice is to renew the lease. Finding a new tenant can be stressful, even with screening services. It… Read more »
4 Tips for Spotting Fraudulent Applicant References
It can be a challenge to find the right tenant for your rental property – especially if you feel financial pressure to fill the vacancy quickly. Fortunately, tenant screenings can help you quickly eliminate tenants who aren’t a good fit and narrow down potential tenants who have a history of being reliable and responsible. In… Read more »
The Importance of Tenant Verification & Screening Services For Mobile Home Parks
Tenant screening is common for landlords and property managers of single-family homes and multi-family homes, but what about mobile home parks? Although mobile home parks are somewhat unique, tenant screening and verification are equally important to ensure that you have reliable, responsible tenants. What Are the Unique Considerations for Mobile Home Parks? Mobile homes aren’t… Read more »
Which Credit Scoring Model Should You Use for Tenant Screening?
Credit scores are one of the best ways for rental housing professionals to gauge an applicant’s financial competency and reliability. As you probably know, the closer the score is to 850, the easier it is to secure loans, lock in lower interest rates, and find housing. That’s all from a consumer standpoint, but what about… Read more »
Protect Your Property with Roommate Screening
With inmate releases, pandemic-related job loss, and a potential wave of evictions on the horizon, we’ll likely see larger numbers of people choosing to cohabitate. What does this mean for you as a property manager or landlord? There’s a good chance one of your tenants may ask you to consider allowing them to have a… Read more »
Important Steps You Can Take to Avoid Tenant Fraud
Over the past couple of months, COVID-19 has caused the U.S. job market to take a significant dive, erasing nearly all the gains that were made since the 2008 recession. The 2008 housing crash shook the economy for years. Tenant fraud increased as many applicants attempted to hide their poor credit scores, evictions, and low… Read more »