Today, we are providing some of the screening tips we use to avoid getting a bad tenant. There are a few steps we take to ensure we are screening properly and getting the best possible renter for your property.
As soon as we have a completed application, we do a thorough background check. This includes checking credit, criminal histories and doing an eviction search. It can be hard to complete this process as an individual landlord, so reach out to a property management company for help. We have the tools and resources you need to complete a comprehensive background check.
Obtaining a rental history is the best way to find out what type of tenant this person has been previously. Make sure you contact previous landlords to get a reference. Ask if the tenant paid rent on time and took care of the property.
At MSB Property Management, we require our tenants to earn at least three times the rental amount in order to qualify for our properties. You can get this information by calling employers or requesting paystubs and bank statements.
Finally, you want to make sure the tenant is easy to do business with. This indicates whether they will be respectful to your propertyand pay rent on time. During the screening process, take note of whether they are cooperative and willing to answer your questions and provide documentation.
If you have any questions about this blog, or you’d like some help screening your tenants, please contact us at MSB Property Management.