Your experience as a landlord will usually depend on the type of tenant you place in your property. A good tenant will bring consistent rental income, and a bad tenant will only increase your risk of late rental payments and property damage. At Select Leasing & Management, we have a detailed and comprehensive screening process that every applicant must go through before renting one of our properties. Today, we’re sharing some of the most important elements of tenant screening.
Tenant Screening Report and Background
Once we receive a tenant application, we begin the screening process. We use two out of the three major credit bureaus to run a background check. We screen for common convictions and prior evictions. This is important because you don’t want a tenant in your house who has prior evictions.
Tenant Screening for Credit
We also screen for credit scores. You need to know what kind of credit a tenant has so you can make decisions about how much of a security deposit you will collect. Deposits should depend on a tenant’s financial behavior in the past.
Remember to screen all of your tenants consistently and within the requirements of fair housing laws. If you have any questions about tenant screening or anything pertaining to property management in St. Louis, please contact us at Select Leasing & Management. We know how to find good tenants, and we’d be happy to help you.