Being a landlord is a very versatile job as one has to handle many tasks on daily basis. Among all these challenges finding a viable tenant is one of the hardest jobs to do. Nobody wants a bad tenant and renting your unit to one can lead to serious money and health blows. So, don’t just rent out your property to the tenant after having few good chats. Trust is good but in this line of business tenant screening is better.
Tenant screening provides you with the information which you need to now in order to make a better decision to whom you should rent your property to?
In principle tenant screening works like this:
You pick certain qualities in your tenants and check them against the information available. In doing so, remember that it is illegal to make any discrimination against the applications on the basis of religion, sex, creed and caste. Tenant screening generally involves checking tenant’s criminal and credit history to make sure that the person is not the criminal type and have sufficient amount of money to pay the rent in full. It also includes talking to their previous landlords and employers to know more about their character, habits and behavior. These standards must be realistic as making them too simple you can end up with the wrong person and by making them too hard you may never find a suitable candidate for the property.
You give a tenant access to your property so for a small period of time, so it is your responsibility to check that if tenant can manage it for a given period of time. It is like a smaller version of mortgage lending.
There are many different companies which offer tenant screening and at this point SimplifyEm is here for you to help you in screening the right tenant.
To know more how SimplifyEm Property Management Software can help you, visit this link: http://www.simplifyem.com/property-management-software