Property Rental Companies Midlands | How to Screen A Tenant for More Than A Credit Score
Property rental companies in Midlands screen applicants before they rent a home to ensure that the most qualified tenant is living in your investment home. While a credit check is always part of the application process, a credit score is not the only indicator of whether a potential tenant will be a good renter. There are a few other factors that property rental companies in Midlands should consider when screening tenants.
1. Dig Deeper into the Application Details- When you’re looking at the tenant’s application, the devil is in the details. Not only do you need to verify if the person has the income to afford the home, but you need to look at the person’s history. Do they bounce around from job to job? Have they lived in numerous places over the last few years? These indicators will tell you whether or not the tenant is someone who values stability and consistency.
2. Verification- Forgerynand lying are pretty easy to do when property rental companies in Midlands only ask for paper documentation. Make sure that when you screen tenants you verify the information provided. Call employers, past landlords, and references to verify the information provided on the application. If the information isn’t consistent, this is a huge red flag.
3. Background Checks- In addition to the credit checks, you should complete a background check on your potential tenants. Property rental companies in Midlands can learn a lot about a tenant by doing a background check, including criminal history, previous addresses, whether they pay their bills on time if they’ve ever been evicted, and other pertinent information.
The best way to make sure the tenants of property management companies in Midlands are the most qualified is by doing detailed screening that goes deeper than just a credit score. If you need a property manager in Midlands, call Scott Properties at 843-212-9672.