When it comes to property management, finding the right tenant is paramount. At our property management company, we prioritize quality over speed. While renting out your property quickly is important, ensuring you have the perfect tenant who will fulfill lease terms and responsibly care for your investment is even more critical. Our tenant screening process is designed to answer four key questions that help us identify the ideal tenant for your property.
1. Confirming Identity:
Before we proceed with any tenant application, we start by verifying the applicant's identity. This step includes:
Government ID: We require applicants to provide government-issued IDs to confirm their identity.
Social Security Number Verification: Verifying an applicant's SSN adds an extra layer of assurance.
2. Assessing Affordability:
Ensuring that prospective tenants can afford the property is crucial for a successful rental agreement. Our process includes:
Pre-screening Income Qualification: We establish pre-set income qualification criteria to filter out applicants who may struggle to meet rent payments.
Income Verification: We verify an applicant's income through documentation to ensure they can comfortably afford the property.
Employment Verification: Confirming stable employment is another essential aspect of this step.
3. Evaluating Financial Responsibility:
We delve into an applicant's financial history to gauge their reliability in paying bills and rent on time. This involves:
Credit Score: A credit check provides insights into an applicant's financial habits.
Previous Address Tenant History: Assessing how they managed previous rental properties.
Public Records Search: We look for any financial or legal issues that may affect their ability to meet financial commitments.
National Eviction Search: Identifying any history of eviction is crucial in determining tenant reliability.
4. Ensuring Responsible Property Care:
To safeguard your property and ensure it is well-maintained, we take the following steps:
Previous Landlord Verification: Contacting previous landlords helps us understand how applicants have treated past rental properties.
National Criminal Search: Checking for any criminal history to ensure the safety of your property and the neighborhood.
National Sex Offender Search: Identifying any registered sex offenders in the applicant's history.
International Terrorism Database Search: For added security, we also check international terrorism databases.
Our tenant screening process is comprehensive and thorough, allowing us to make informed decisions when selecting tenants for your property. By focusing on identity verification, affordability, financial responsibility, and property care, we ensure that you receive reliable, responsible tenants who will protect and maintain your investment. At our property management company, we prioritize your peace of mind and the long-term success of your rental property.