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1- Rental Application: Give your tenants the proper rental application. The applicant has to give you permission to conduct a background check. Go to: and use this application which gives you the proper verbiage.
3- Background Check: Conduct a background check through a credit reporting agency [link widoczny dla zalogowanych] that specializes in tenant [link widoczny dla zalogowanych] screening so you can see their credit report and examine their criminal and eviction history.
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12- Takes Notes: Make sure you have a note pad available at all times. Start taking notes from the first phone call and the interview. Ask questions and write them down. The notes become very valuable throughout [link widoczny dla zalogowanych] the screening process.
Best Tenant Screening Practices
10- Policies and Procedures: Create guidelines specific to your real estate business. They could simply require obtaining a [link widoczny dla zalogowanych] credit score, bankruptcy, two months of check stubs and etc. Think about what is important to you and add those as guidelines. Policies are very useful as they remove [link widoczny dla zalogowanych] the emotional aspect of dealing [link widoczny dla zalogowanych] with tenants, for both tenant [link widoczny dla zalogowanych] and landlord. When confronted with an aggressive tenant, policies and procedure help you stay focused.
Although it can be a tedious process, screening is well worth the effort. Statistically, landlords that screen their tenants properly will have less problems than the landlords that don’t take screening seriously.
13- Auto [link widoczny dla zalogowanych] Debit: This is the best way to collect rent but you need [link widoczny dla zalogowanych] an official agreement between you and the tenant. You can ask your bank that receives the auto debit for forms to give to your tenants.
2- Verify Identity: Ask for two months of pay stubs and examine the driver’s license/picture ID and social security card to make sure you have the right person.
6- Security: Always keep the background check documentation in a locked cabinet for safe keeping. Based on the Fair Credit Reporting Act, you are obligated to keep the credit reports in a secure location. For more information go to:
9- Past Landlords: Verify and speak to the tenant’s current and past landlord.
8- Employer: Verify the employer by calling them yourself or have your credit reporting agency verify the employment for [link widoczny dla zalogowanych] you for a price.
Posted:April 2, 2013Comments:Views:1
11- Number of people residing in the apartment: Ask the current or past landlord about the number of people living in his place and cross [link widoczny dla zalogowanych] reference that with the application.
5- Formal Tenant Check: Understanding the credit, eviction and criminal reports are difficult at times. Consult [link widoczny dla zalogowanych] your credit reporting agency for the interpretation of the data they give you.
7- Application Fee: You should charge a non-refundable screening fee to be used for a background check.
4- Denial Letter: Always use a formal denial letter instead of verbally rejecting your tenants. The denial letter is created to remove the landlord out of the discussion regarding why tenants are rejected. All you have to do is inform a tenant of their rejection and that their denial letter is in the mail. If you choose to use the credit bureau to screen your tenants, we ask you to use our sample denial letter by going to:
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