When screening tenants you’ll want to verify the accuracy of the information supplied on the rental application. A landlord employment verification (sometimes referred to as tenant employment verification) is a simple phone call to verify employment of the tenant. It is important to get as much information from your applicant as possible when they are…
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Working as a landlord is like having a never-ending list of responsibilities. From collecting rent to cleaning out properties to managing bills, the list is always growing no matter how efficiently you work. And that work only becomes more complicated when you have to deal with problems caused by unruly or disrespectful tenants. Whether it’s…
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There are three main types of individuals searching for a service that offers bulk background checks. Hiring managers Property managers or landlords Lenders or banking professionals If you’re in any one of these groups, this post will guide you in assessing your leverage and purchasing power for background checks. Let’s first organize our thoughts to…
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Let’s discuss one of the most avoided topics in tenant screening… renter references. You’re in the minority as a landlord or property manager if you’re calling your renter references because a lot of people just skip this step entirely. They chalk it up to “it’s a waste of time.” This couldn’t be further from the…
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Updated: November 2022 When screening tenants for a rental it’s common practice to collect address history on the rental application and then compare that to the previous addresses on the background check. Sounds simple but if your screening service is not dedicated to helping their clients stay compliant and does not have FCRA Certified Screeners…
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This list is a glimpse into why tenant screening is so important when it comes to building a quality rental portfolio. 1. They try and get you to lower the rent before they even see the apartment. This is a sure sign that this tenant can’t really afford the property. Asking before the showing means…
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The image above is a strong depiction for a professional tenant… but it’s accurate because a professional renter is a parasite that will destroy your real estate investments. Many attorneys who practice landlord-tenant law use the phrase “professional tenant” to label a landlord’s worst nightmare: the kind of tenant who will offer nothing but headaches,…
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As a landlord, you need to know how to deny an applicant based on the information found in their tenant screening report. A rental application denial letter (also referred to as an adverse action letter) will need to be issued to the denied renter. We will provide you with a rental rejection letter but first,…
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Nowadays it’s common for people to have a side job to supplement their steady income. There are many creative ways to do this, from freelance writing to computer programming to driving for ride share companies like Uber and Lyft. However, landlords that are faced with applicants who list Uber or Lyft as a source of…
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Landlords know that when renting their property, they should run a tenant background check on qualified applicants. Sometimes, applicants want to include a cosigner or someone who is responsible for the rent if the tenant fails to pay. You might be wondering how to handle a co-applicant for apartments? Do you screen them the same way?…
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