Are you a property owner, or have you ever considered renting out your property? If so, you know that finding the right tenant can be a challenging task. Today, we’ll go over how we tackle one of the most significant hurdles in the rental process: tenant screening.
1. Credit score evaluation. One of the initial steps in our screening process is assessing the applicant’s credit score. A high credit score ensures timely bill payments and reduces the risk of financial issues during the lease period. It’s a fundamental criterion to guarantee a responsible tenant.
2. Criminal background check. We conduct thorough criminal background checks to identify any red flags that might hinder the application process. Ensuring a safe living environment for your property is paramount, and this step ensures we are placing trustworthy tenants.
3. Eviction history search. Utilizing third-party services, we scrutinize eviction histories to identify any potential risks. Although not always recorded, we strongly recommend checking through the court system for pending evictions or abrupt vacates. This proactive approach can save you from future stress and complications.
4. Employment and income verification. Verifying a tenant’s employment and income is crucial. We aim for at least three times the monthly rent in income to ensure that tenants have the financial capacity to meet their rental obligations promptly. This step is integral to guaranteeing your tenant’s ability to prioritize and meet financial commitments.
5. Landlord verification. To gain a comprehensive understanding of an applicant’s rental history, we reach out to previous landlords for verification. This step involves inquiries about rent payment punctuality, potential issues, adherence to lease terms, and the overall conduct of the tenant during their previous stay. This firsthand information helps us paint a complete picture of the applicant.
At TIDE Property Management, we understand the importance of meticulous tenant screening in ensuring a harmonious landlord-tenant relationship. If you have any questions about our screening process or need guidance on what to look for in an application, please don’t hesitate to call us or send an email to our experienced team. We are more than happy to assist you and point you in the right direction. Your peace of mind is our priority.
