Website design By BotEap.comIn both commercial and residential leases, there is always the risk of loss of income if a tenant breaks a lease and suddenly vacates, or because of the time it takes to complete extensive repairs during which the property is unleasable. These are nightmarish risk scenarios that can be minimized by conducting background checks before renting an apartment, condo, house, or commercial space to a prospective tenant.
Website design By BotEap.comThe steps presented here will drastically reduce the risks facing you at a later stage, whether it be eviction of tenants or costly repairs. You can perform a Tenant Background Check online right now, simply by searching our vast network of Public Records and Property Databases.
(see chart below).
Website design By BotEap.comYou’ll get high-quality search results about your potential tenants in minutes.
Website design By BotEap.comImplementing a tenant screening process will minimize future problems with your tenant.
By checking the background of a prospective tenant and thereby establishing the profile of your prospective tenant, the risks of experiencing the above mentioned scenarios become much lower.
Website design By BotEap.comThe first contact with a potential tenant is very often made by phone, especially if the property to be rented has been advertised in a local newspaper. This is the right time for the property owner (or manager) to start asking the right questions about the qualification process.
Commercial or residential tenants should be questioned about the following topics:
- Name of prospective tenant
- Telephone contact
- Date the prospective tenant wishes to occupy the property
- Does the prospective tenant have references from previous landlords?
Website design By BotEap.comThe landlord (or manager) should also inform the prospective tenant of the monthly rent, security deposit, or other charges in advance (if any), as this will often eliminate the need for further investigation if the person is unable to pay the rent. rent being paid. aforementioned.
Website design By BotEap.comIf both parties are satisfied with the initial phone interview, the prospective tenant will surely like to come and view the property. This also gives the owner/manager the opportunity to meet the prospective renter in person.
Website design By BotEap.comThe rental application form must include the following information:
- Applicant’s full name, social security number, date of birth, and current address
- Applicant’s addresses for the past 10 years.
- Names of owners for the last 10 years (if rented during that period)
- Applicant’s business/professional licenses (No required for residential space rentals)
- Applicant’s current job and annual salary
- Applicant Job Description or Business Occupation
- Previous employment of the applicant during the last 5 years
- Highest level of academic education of the applicant
- Credit References and Bankruptcy Issues
- Misdemeanor or felony records for potential tenants
- Full names of all occupants/co-tenants
- Two personal references, with complete addresses and telephone numbers
- Next of kin, i.e. name of a relative who does not live with the tenant, with full address and phone number
- Driver’s license number and state of issue
- License plate number and vehicle
Website design By BotEap.comAll information provided by the prospective tenant must be confirmed through the use of the person search in the database.
Website design By BotEap.comPrevious owners and personal references are very important sources of information about the prospective tenant and their previous relationship with the personal property. You can ask them how long they have known the applicant and if they consider him/her to be trustworthy, his/her relationship with the neighbors, any noise he/she (or pets) has made that disturbs the neighbors, and whether the rental property was left in good repair, in the recent past.
Website design By BotEap.comIf the applicant is self-employed or owns a business, they should request copies of the latest business bank statement and prior year tax returns. Then, you can also run a business background check to confirm the credit worthiness of the prospective tenant.
Website design By BotEap.comThe signed application must include a Disclosure Statement, which will allow you to check the tenant’s background to determine if all questions have been truthfully answered.
Website design By BotEap.comThis final verification is essential to determine the general characteristics of a potential tenant. Additionally, a comprehensive personal background check will also determine your financial stability.
Website design By BotEap.comIf a decision is made to deny rental, your application, along with information collected through screening, must be disclosed to the prospective tenant as the reason for the denial.
Website design By BotEap.comWhen searching the various databases, keep in mind that previous addresses, landlords, and roommates are often revealed in your Tenant Background Check search.
