Finding a high quality tenant takes a lot of time and enegy. If you own rental property and manage it yourself, you know how hard it can be to get tenants to turn in the necessary paperwork and then have it independently verified. And how do you know if they’re telling you the truth regarding their income, employment, rental history, etc.? Because of the difficulty in obtaining and verifying this information, some landlords just don’t bother.
Last year Real Property Management conducted research using a national probability sample of Do-It-Yourself (DIY) landlords to learn about their tenant screening process.
The survey found these disturbing findings about DIY landlords:
- Only 44 percent conduct sex offender checks
- Only 66 percent conduct criminal background checks
- 21 percent sometimes or never conduct credit checks
- Only 55 percent contact past landlords for references
The lack of comprehensive tenant screening increases the risk property owners have related to rent collection and property damage, but also might risk the welfare of neighbors. In contrast, Real Property Management’s policy is to conduct a thorough review of every prospective tenant to avoid these risks. Just one problem related to a tenant could more than pay for years of property management services. Let Real Property Management Southland carry the burden of verifying their credit, income, rental and eviction history to ensure that you’re more likely to have your rental occupied by a high quality tenant that pays rent on time and takes care of the property.
Contact us today to learn more about our tenant screening process and how we can save you money by assisting you with tenant placement and full service property management from Real Property Management Southland.
Owner Services (562) 372-7722 x2