When it comes to the ideal tenant, we all have the same basic idea of who we want that person to be – We want them to be respectful of the unit, clean, quiet, and keep to themselves. If they strive to make the place better than it was before they got there great, but it’s not the biggest deal in the world as long as they don’t make it worse. More often than not though, these are not the type of people we get. Some tenants hold a couple of our key traits and some hold none, making our lives and jobs more difficult than they really need to be.
Perform A Landlord Credit Check To Save A Ton Of Time And Headaches
So how do we find the best tenants that the world has to offer? By using a few different methods. A simple conversation can speak volumes to who someone is as a person, but even the nicest and most genuine tenant might have issues holding a job. And just as honey catches you more flies, having consistent employment and cash flow catches you more rentals.
This is why it’s exceptionally important for every landlord to seriously consider running a credit check on every single person you consider having rent a unit or room from you. The check can get you a variety of different information depending on where you live and who you choose to have run the check for you (online is of course the simplest option); from past rental payment information to complaints and disagreements. Some of them will even show you if the tenant has been taken to court.
A Credit Check For Landlords Is A Great First Step
Of course, the credit check is only a small part of your background check. You’ll also want to contact past landlords (at least three) and other references. It’s also a good idea to confirm that the prospective tenant is actually employed by contacting the establishment they claim to work at. It might seem a little sneaky, but it’s always better to be safe than sorry.
Nothing is foolproof and there will always be a few bad apples that will be able to slip through the cracks, but performing landlord credit checks – in addition to a few other key things – can help ensure that you get the kinds of tenants you desire in your rental units as opposed to the nightmares that you’ve heard about or seen on TV. Sometimes it’s better to have an empty unit for a couple of months.
Do you always make sure to perform credit checks on your prospective tenants or are you one of those people that goes on a personal vibe?