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Landlords and property management companies often conduct background checks on potential tenants to verify their identity and check for any potential issues, such as a history of evictions. The scope of these checks can vary, but typically they include information such as past rental history. Wondering exactly what does a … Read More
As a landlord, you don’t want to deal with a tenant who doesn’t pay rent on time or at all. Eviction can cost anywhere from $3,500 to $10,000, and you’ll be left with a vacant unit that you’ll have to pay for out of pocket. That’s why tenant screening is … Read More
Your credit score can affect many different aspects of your life. Good credit is generally required for large expenditures or investments like a car lease or purchase, a house purchase, or a property rental. Credit history is an easy way for dealerships, realtors, or landlords to know how you’ve handled large … Read More
Landlords have detailed application and screening processes in place in order to ensure that they entrust their rental property to the best possible tenants. Though a tenant who looks great on paper could still cause issues at some point over the span of your lease agreement, there are several ways that … Read More
As a landlord, it’s in your best interests to make sure that the tenant you approve for your property is trustworthy, respectful, and easy to work with. That’s why the tenant approval process is such an important part of every landlord’s job. If you’re in the process of screening tenants for … Read More
Finding good tenants is key to establishing a consistent, reliable rental income. Conversely, even one bad tenant can cause you tremendous headaches at best and significant financial loss at worst. Dealing with consistent late payments, complaints from other tenants, and even property destruction can be enough to make you regret … Read More
Perhaps you’ve got an investment property that you’re super excited about. You’ve put the time, money, and resources towards the next step to financial freedom. There’s just one thing standing in the way of everything going smoothly, you need a qualified tenant who pays on time. Seems like a no-brainer … Read More
Landlords often rely on credit checks to qualify applicants for their rentals. As an individual landlord managing your own property, you have flexibility with who you can rent to. If a potential tenant has a borderline credit score, you don’t have to rule them out immediately. You can look at … Read More
Most landlords are allowed to conduct criminal background checks as part of the applicant screening process. It’s important to closely follow tenant screening laws, though, so you’re not accused of discrimination. Local Bans on Prospective Tenant Background Checks Some cities have prohibited landlords from running background checks, including Berkley, Richmond, Oakland, … Read More
Facing unemployment, health risks, and uncertainty due to the pandemic, many tenants need reassurance right now. As a landlord, you can make current and prospective renters feel safe and welcome. Get Your Own Affairs in Order Before you can deal with your renters’ financial situation, you need to sort out … Read More
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