What is tenant screening? Tenant screening is the investigation of potential tenants by the management of an apartment complex or other rental property. The results of the screening are used by the management to conclude whether a potential tenant is a suitable candidate for tenancy. Potential candidates therefore are rejected or accepted by property management based on the screening results.
What is examined? Companies review several factors during a rental screening which include rental credit history, state eviction records, credit history, criminal history and employment to verify income of potential tenant. Thus, tenant screening companies will contact the management of the prospective tenant’s previous places of residence and acquire credit reports. Companies will also run a background check to verify any previous criminal history on potential tenants. Once a property management group has the results of the tenant screening, a determination will be made regarding the qualifications of the prospective tenant to sign a lease. By using a tenant screening system, a property company limits their exposure to liability, reduces the amount of delinquent payments, avoids costly eviction actions and limits property damage to leased properties.
Protect Your Rental Investment with Tenant Screening
One bad tenant can plunder a landlord of rental income. In just a matter of months the wrong rental applicant can become the tenant from the abyss by defaulting on rent payments or damaging the property, and forcing the owner to incur the costs of an eviction and an unexpected vacancy. Bring transparency to your new tenant screening system. Screening your potential tenants is fast and easy and the costs can be directed to the potential tenant. So, in today’s rental market there is no reason to avoid running tenant credit checks, eviction history, national criminal data, sex offender history and income verifications.
Redstar Backgrounds does rental screening in all 50 states. We recommend screening potential tenants for:
***Site Inspection is required***
Redstar Backgrounds is required to be in strict compliance when providing credit reports for the use of employment credit and tenant credit screening. Thus, our clients must yield to the necessary requirements prior to having access to credit reports.
An on-site inspection will be completed to verify the nature and location of the business. The client is required to have a secure site and all reports provided must be stored in a locked location. Most inspections are completed in three ( 3 ) business days, however, location and availability of a contact at the business to schedule the inspection can result in a longer turnaround time. Requests for inspection must include a physical address, contact name and a phone number.
All clients must provide Redstar Backgrounds with a signed release form from the applicant. The release form will be provided once an account is set up for our clients.
Redstar Backgrounds can put a tenant screening package together for your property management team. We will customize our programs to fit your company requirements. Please call us today!