The Tenant Screening Process cover

The Tenant Screening Process

So you've met some promising individuals with whom you hope are worthy of leasing your beloved rental. Awesome! Are you ready to trust someone to live in your property for a whole year? Can they afford it? In this guide, we'll take an in-depth look into the tools you have at your disposal for putting your prospective tenants to the test and filtering out the bad eggs, giving you the ability to move forward confidently while minimizing your risk.

Introduction

A whopping 60% of landlords accept the first tenant that applies for their available unit. They do this without following a tenant screening process nor doing their due diligence. Unfortunately, tens of thousands of landlords across the country fall victim to the eviction process following an altercation with their tenants, most often with them refusing to pay rent. However, with a proper tenant screening process, YOU can reduce your risk of becoming another landlord to watch a tenant live for free in your apartment while you fight the nine-month eviction battle. That’s what this guide is designed to help you with.

As a landlord going through the process of evaluating new tenants, you’ll want to remember what your end goal is. It’s to find out whether the person you’re about to lease to will be financially stable and responsible enough to pay rent in full and on time each month. Can he or she also be trusted to keep your property in reasonable condition while living there?