Almost 5 million people face eviction every year. If you're a landlord, you want to avoid the necessity of evicting tenants. That's why enacting a screening process is so important.
Every landlord knows how important it is to conduct a tenant background check. But there are a few mistakes that even the most experienced property owners can make.
Want to learn more about these mistakes and how to avoid them? Stick around! We've put this article together to help you avoid making any costly blunders.
Failing to Follow Up
A lot of landlords begin the process of a tenant background check but don't follow up. They might ask for a list of personal references along with details for an employer and past landlords.
It's important not to get complacent. Landlords, or their representatives, should call around and check up on these references. Some potential tenants choose to provide fake details in the hopes their landlord's investigation won't be thorough.
Limiting a Check to a Credit Report
A credit report is an important part of a background check for tenants. But it shouldn't be the only thing you do!
Some landlords think it's enough just to look at a credit report. Although that will help you to establish whether your tenant has a history of paying the bills on time, it doesn't tell you anything about their character or their conduct in rental properties.
That's why it's so important to get character references and find out about the tenant's previous rental accommodation. Talking to their bosses and former landlords is a great way to learn more about them.
Failing to Talk With a Tenant Directly
You should meet any potential tenant face to face. This gives you the opportunity to ask questions and find out more about what the tenant is like.
Taking on the Burden Yourself
Delegation is a fine skill to have. That's definitely the case for landlords, who need to work carefully with others.
Some landlords try to conduct a tenant check themselves, even if they lack experience or resources. But an inexperienced landlord can slip up and end up costing themselves big in the long run.
It's always best to let a property management company manage your tenant screening for you. That way, you'll be able to rest easy, knowing experienced professionals have conducted the best tenant background check possible.
Take the Stress Out of the Tenant Background Check
There's a lot of stress involved with being a landlord. Whether it's dealing with problem tenants or managing paperwork, there is a lot to think about. Instead of losing sleep over stress, there's a better way.
Working with a property management company to manage your rental properties is a great way to enjoy life as a landlord. Phoenix Property Management can help you with everything from a tenant background check to general upkeep and maintenance. Contact us today to find out more about what