Wednesday, December 27, 2017

Conducting A Tenant Screening Report

By Nancy Perry


Every landlord is very critical of their prospect occupants. This is to avoid a situation where one is in bad terms with them due to failure to comply with their expectations. You can determine whether an applicant is suitable enough by conducting a credit and background check. Here are important facts about Tenant Screening Report that a property owner should consider.

Collect the tenant information through an application. You need to have an application form to collect relevant information about your potential applicant. Highlight some aspects of their current addresses, their full name, current job and any other relevant information about them. In addition to that, give them a credit report authorization form to fill to be used to conduct a credit checkup.

Do a personal surveillance. You have quite a lot to handle with the information you have gathered from the application form. However, there is some information that one cannot access unless he or she depends on a screening firm. These firms have easier access to credit reports and even access security information which is important in determining your applicant legal conduct.

Check whether your candidate is suitable enough through the act of reaching out to their employer. Apart from the credit report, you have to know detailed information about your interviewee financial capacity. This can be done only if you decide to contact his or her employer. The employer will give a full report about their wage amount, the duration of their working contract and the nature of their work.

Reach out to their previous landlords. There is still much that one needs to acknowledge to determine the suitability of a prospective resident. The information can only be relayed by his or her former landlord. Inquire about their general conduct, the reason behind their leasing agreement termination. A former immediate landlord suits best in this case.

Interview your applicants to know them much better. It is recommendable to listen to your applicant personal take on this other than depending on the information you have gathered about them. Ask your candidates about the number of occupants they have, the reason behind their decision to relocate and their daily routine as well. This helps in acknowledging whether they meet your expectations and whether the information you have gathered about them is valid.

Survey their conduct over a given period. It is quite hard to believe an applicant behavior without having them reside on your property. This gives you a chance to determine whether the information you have gathered about them is true or false. Give yourself a maximum of three months to survey their capacity to comply with your expectations. You can use their neighbors in surveying them.

Sign a written contract with them. You are expected to sign a written agreement with your new tenant as an indication of your satisfaction with their application to rent out your property. The agreement should give an overview of what you expect from them and highlight incidents that can lead to the dissolution of the agreement.




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