Around 35% of adults across the country are renting instead of owning their homes. This means there is a great opportunity for landlords and property owners to make a great living with rental properties.
The key to finding success with rentals is filling them with the best tenants. You want tenants who are responsible and trustworthy so you don't have to worry about them taking care of your property and also getting paid what you're owed. Bad tenants can completely ruin the entire experience for you.
An easy way to help screen through your option is by running a tenant criminal background check. This allows you to see what, if any, criminal history your potential tenants have so you can make the most informed decision. Read on for a few of the benefits of this type of screening practice.
Gives You Full Picture Information
The biggest benefit of a tenant screening process is that you get a full picture of your potential resident. Instead of having to rely solely on the information they give you, there's a way to verify it as accurate. It's the best backup to make sure you're putting someone in the home you'll be happy with.
Prevents Potential Issues
When you know what to expect, it's easier to prepare for and minimize potential issues. There's much less chance that you'll be blindsided by your tenants and have to deal with difficult issues because of their past.
A criminal history gives a unique insight into a person and how they operate. It can be invaluable information.
Ensures Ability to Pay Rent
The most important part of owning a rental property is collecting the rent. Without that step, you'll never make any money and will end up in a difficult situation.
Criminal background checks done by a Spokane property management team can help you feel confident that you won't have to use a collection agency in the future. This is an important step since some criminal backgrounds make it difficult to get or keep a job.
Keeps Positive Reputation Intact
A positive reputation is a crucial element to being able to market your rental property successfully. Filling the property with people who pass their tenant screening can help you maintain that positive reputation so that people want to live there.
Never Skip a Tenant Criminal Background Check
There are a lot of steps to keep track of as you own and run a rental property, it's easy to want to skip some steps and simplify. Running a tenant criminal background check is never something you should skip and is worth the little effort it takes.
Luckily, this isn't a difficult or time-consuming step. The best thing you can do is set parameters that you base the results against, where certain items are allowed and others result in immediate disqualification. Then you don't have to think through every decision after the background check comes back. It's all automatic!
If you own a rental property and are interested in seeing how our team can help you manage it better, contact us today!