Boston, MA (Vocus/PRWEB) March 02, 2011
The number of individuals who rent apartments, condominiums and single family homes continues to rise as the country slowly emerges from the Great Recession. Now, more than ever, is the time to conduct a thorough Tenant Screening.
A background check can provide protection from potentially risky tenants. The cost of a single bad tenant can be enormous, if one only considers the cost of eviction. Once a tenant occupies a residence it is a costly and time consuming process to get them out. But there are additional risks a property manager or landlord must consider. Fortunately, tenant screening is a viable and transparent activity that reduces the degree of risk one assumes when renting a property.
1. Protect Your Property
Malignant tenants may treat property with little respect or care. Expensive appliances could be damaged; covered destroyed; fixtures vandalized: The list is extensive. The replacement or repair of a single appliance such as a dish washer or refrigerator is significant.
2. Protect Your Current Residents
Long-term renters take great care of the property they live in and provide protection for that asset. One bad tenant could potentially drive away these valued renters. It is the responsibility of the landlord to provide a continued safe environment for existing residents by checking the background of any new renters.
3. Protect Your Reputation
Landlords want to attract the most viable, long-term renters possible. If a property has a reputation for high turnover, the ability of a landlord to attract these tenants is reduced. The concluding thing a landlord wants is empty units. If a property has a reputation for allowing disruptive and destructive tenants, that property will be increasingly difficult to fill.
Tenant screening is a tight and simple process. Results are provided quickly, online and in an easy-to-read format. Landlords and property managers may feel that a tenant check is an inordinate cost. However, if 1 considers the possible loss of property, current income from retentive-term residents and reputation, besides the possible cost of eviction, a tenant background check is a small price to pay.
When conducting a tenant check one should consider the various reports available.