Did you know six million American households are behind on rent payments and facing evictions? Evicting a tenant could cost you thousands of dollars in legal fees. Instead, invest in landlord screening services to avoid troublesome renters.
Not sure if outsourcing your tenant screening needs is worth the cost? Read on to discover the top benefits today!
Thorough Tenant Background Checks
Some do-it-yourself landlord screening platforms only provide summarized reports. They don't give you a detailed picture of why a renter is a good or bad choice. These reports may fail to provide you with the information you need.
Some reports only provide tenant credit checks. However, you should look beyond a tenant's ability to pay rent.
For example, simplified reports may not provide tenant background checks. About one in four American adults has a criminal record (ranging from misdemeanor arrests to felony convictions). Avoiding these renters will give you and your tenants peace of mind.
Outsourcing will allow you to gather comprehensive reports. These reports will include:
- Employment verification
- References
- Eviction histories
- Rental histories
- Criminal background checks
- Tenant credit checks
Your property manager won't cut corners. Their detailed reports can help you decide between tenants.
Save Time
Screening one applicant can take hours, especially if you're gathering detailed reports. Screening multiple applicants could take days or weeks. During this time, the rental property will sit vacant, costing you potential revenue.
Outsourcing will save you valuable time. You won't have to learn how to screen tenants. Instead, you can rely on your property manager's experience and expertise.
Avoid Tenant Screening Mistakes
If you're rushed to fill a vacant rental property, you may make a mistake while screening applicants. An experienced property manager will have an efficient, thorough process in place. They won't cut corners or make rookie mistakes.
For example, they'll know which anti-discrimination and tenant screening laws to follow. These laws can vary between states.
You can find North Carolina's rental application and screening laws here. Following these laws will help you avoid fines.
Save Money
Allowing a property management company to screen multiple applicants at once can help you save money. Otherwise, the costs will stack up. Long-term, outsourcing will benefit your ROI.
This service can help you find reliable tenants worth retaining. Increasing lease renewals will boost your occupancy rate. You won't need to screen new applicants, allowing you to save even more money.
Otherwise, you'll have to spend resources on property marketing and tenant screening services. Remember, you'll lose money as the property remains vacant.
Request Tenant Screening Services
Don't waste time or money using a do-it-yourself landlord screening portal. Instead, outsource and rely on a professional property management company. Their tenant screening services can help you find great tenants worth retaining.
Our team at PMI All American can help. We have 20 years of local experience helping owners like you thrive in today's market.
We're part of the number one property management company in the country. Trust our state-of-the-art technology, expertise, and award-winning strategies. Contact us today to request our tenant screening services.
