Landlords should implement a thorough tenant screening process before renting their Duluth, MN property. According to the National Apartment Association, 85% of property managers say fraud is a major issue with tenants.
One way to prevent possible problems is to utilize a comprehensive process that includes a tenant criminal background check and other key information.
If you want quality tenant selection, read on to discover how we screen your rental applicants to ensure you get the best renters possible.
Tenant Verification Steps
The tenant screening process should always start with a thorough tenant verification. This includes checking the applicant's government-issued ID which may include a driver's license, birth certificate, or social security card.
Performing this step first protects you as a landlord and ensures that the applicant is who they say they are. It's a vital tool in your fraud prevention arsenal and can make the rest of your rental application checks go smoothly. By verifying this information right off the bat, you're confirming that every applicant is legal and valid.
Tenant Criminal Background Check Screening
Running a tenant criminal background check is another crucial tool. This process looks into prospective tenants and their potential criminal history.
Keep in mind that this check only discloses a person's convictions and not prior charges if they were not convicted by a court of law. At PMI Lakeshore, we run a National Criminal Search, a National Sex Offender Search, and an International Terrorism Database Search. Not only does this give you peace of mind, but it gives it to your other tenants, too.
Credit and Prior Rental Screenings
A reliable tenant can pay their rent on time every month. That's why we include credit checks and income qualifications in our rental application checks. This verifies that the person is currently employed and that they do actually make the amount of money they state on their application.
It's important to make sure every applicant has a solid history of paying their bills. A credit check can confirm that each tenant is reliable and credit-worthy. Aside from the credit score, we also look into every applicant's previous address and tenant history. We will verify information with previous landlords to confirm that the prospective tenant paid their rent on time at their last address.
By verifying every tenant's credit history, income and employment, and prior rental history, you'll get a clear picture of how reliable they are. It also helps you pinpoint any potential red flags that could cause an issue for you as a landlord.
Use Our Services Today
From an employment and credit inquiry to a thorough tenant criminal background check, we screen your tenants to ensure you'll get quality renters. Having reliable renters protects your investment and gives you peace of mind knowing that they'll pay on time.
If you own property in Duluth, MN, PMI Lakeshore is here to simplify your experience. Contact us today to find out how we can help you conduct thorough background checks for renters before they sign a lease.
