tenant screening
Slowing leasing volume
It seems my showings of my rental property have slowed down recently I guess because of the holidays. I usually some tenant screening every week. This past week I did not have any. I hope this is not a bad sign of the economy. We always do tenant backgroundchecks before we lease to anyone I don’t care who you are, we want to know if they hava any kind of criminal record. A tenant credit check is also required to make sure they are paying there bills. I am going to see if www.instantbackgroundchecks.us has any statistics on leasing volume.
Checking to see if someone has been evicted before
You can now run a eviction search from www.quickbackgroundchecks.com to see if any one has ever been evicted. How cool is that!! I don’t think this information was available a few years ago. You can search by state so if they have moved from one city to another no problem. I would never rent to anyone who has been evicted I sure don’t want to be the next in line. This may be the most important background check you can do in tenant screening.
Tenant screening in Texas
Tenant screening in Texas which is where our management company is a standard process. I would never never let a tenant into our apartments without a tenant credit check. In some states where the market may be soft they may be tempted to wave the tenant credit check. I don’t care how soft the rental market maybe I would never suggest this it will come back to haunt you. If you want to know what other states are doing you might want to go to www.landlord.com to see what others are saying.
Tenant screening with fico scores
Our company does tenant screening on all new potential residents. We have a company policy that we do not lease to anyone with a FICO score on their tenant credit report under 640. A FICO score of 640 is just a “C” rating. If you lease to someone with a score below 640 your are getting into a “D” rating. They have quite a few unpaid bills and collections. Our company chooses not to lease to these people because we do not want to be their next creditor. We run the reports while the resident is in the office and use www.instantbackgroundchecks.us. They are the best for tenant credit reports.
Are foreclosures really a good deal?
Before buying a foreclosure either from the court house steps or from a real estate agent it is very important to know how much it is going to cost to fix it up rent it out. Cosmetic improvements are not very costly but structural ones can be very costly and before you know it you have put a lot of money into the house you just bought as a bargin. Obviously tenant screening is a critical part of pre-leasing your properties. This can save you a lot in debt collection later. www.instantbackgroundchecks.us is who I have used in the past and always been happy with the fast results. I have also reported deadbeats to them in the past
Online background check on Tenants
Tenant screening online is becoming the fastest way of screening and approving tenants on site . If you can approve a tenant on site it reduces the chances of them going elsewhere and leasing from someone else. Many individual property owners are approving tenants on site with laptop computers. You can just run there tenant credit check and criminal record before they leave the property. According to landlord.com the 2-3 day wait for background check results is becoming a thing of the past.
Tenant screening in Texas
Tenant Screening in Texas is a standard procedure says Dodie Murphy owner of Tenant screening services LLC.
It assures a higher quality resident by checking for higher credit scores (the credit score should be 650 or above) criminal records including drug offenses, assault problems all of which could be of liability to the property owner. Ms. Murphy also states that it is a federal law to have a signed release for all background checks performed. www.instantbackgroundchecks.us is a excellent source for fast accurate Tenant Screening.