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What Landlords Should Look for in Tenant Background Checks

Tenant screening is a complex process. As a landlord, it's important to understand why this process is so complicated and what you're looking for in the potential tenants that you interview. As you review applications, run credit and background checks, contact previous landlords and current employers, and interview tenants, consider the following factors.

Financial stability

While screening potential tenants, you want to make sure that the tenants that you sign can pay rent every single month consistently. Start by conducting a credit check. While certain types of debt are okay (i.e. car loan, medical school debt), you want to ensure that the tenant is making his payments in a timely fashion. Then verify the tenant's job status. Typically rent should account for a maximum of 30% of a tenant's monthly income.

Criminal history

Criminal activity is not automatic grounds for disqualifying a tenant, but it may make you think twice. For example, renting to a tenant who has a history of violent crimes may compromise the safety of your other tenants and the neighborhood. You also don't want to have to worry about a tenant selling drugs or conducting other types of illegal activity on your property.

Reputable references

While you're waiting for the results from the background and credit checks, call the previous landlords that a tenant has listed on his application. Inquire about the tenant's payment history and whether or not he met the obligations of the lease, left any damage to the property, or had any other major issues. You can also ask about bounced checks, broken leases, evictions, and other problems that landlords may encounter.

General demeanor

Once you've completed the basic screening process, conduct a brief face to face or phone meeting with a tenant so that you can get a better sense of his demeanor. From collecting rent to tackling maintenance issues, you want to work with tenants who are friendly and put you at ease when you're in their homes. If you don't feel comfortable with a tenant, trust your gut.

Tenant verification services or tenant screening services LLC takes time and effort, which can make it tempting to skip them altogether. However, putting in the time upfront will save you a lot of headaches down the road. Do the legwork so that you can rent to the best tenants available.

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