As a property manager, it’s important to make sure that you are keeping the neighborhood and yourself safe. Whether you are renting your home for the first time or run a company, there are important aspects to consider when running a background check on a potential tenant.
The standard background check for property rental will include a credit score, financial history, rental history, reference checks and employment history. These components will be used to determine the financial and personal responsibility of the prospective tenant and help you determine if they will be a good fit for your property. Always require an application for prospective tenants. You can find examples to use online or at a local real estate association, and will include the essential information necessary for a background check to be completed. You can also request a credit report authorization form to be completed for further background information to be obtained.
In your rental application, ask for the prospective tenant to sign their application that verifies that they have told the truth. This will hold them accountable for any statements disclosed regarding their criminal history and a background check will ensure that they were telling the truth.
Once you have obtained the necessary information, connect with a verified background check specialist. Allowing a verified background check specialist to run your background checks will result in quick and accurate results. These specialists can do everything from a social security number verification to completing reference checks for you.
Running a thorough background check is essential to the safety of your tenants and property, so make sure you are obtaining the information necessary to make an informed decision about a potential applicant. Keep yourself and your community safe.
By: Sarah Kessler