According to the National Conference of State Legislatures, one in three American adults has a criminal record, which should encourage landlords to screen tenants to check they are credible.
Understanding how to run a thorough tenant background check reduces the risk of vandalism and evictions. But if you've never dealt with this area of property management, you likely won't know what to do.
Sound like your situation? Luckily, we've got the answers you're searching for. Here's how to run a tenant background check in Kansas City.
Why Tenant Screening Is Important
Before following the tenant screening process, you must understand why screening tenants is essential. Tenant screening gives you a glimpse into the applicant, from their rental history to their current employment, so you can check if they can afford the rent.
Although you can't predict the future, tenant screening increases the chances of accepting a tenant who will respect your rental property.
How to Screen Tenants
The key to successful tenant screening is using tenant verification methods. Investors should also take their time throughout the process to check that they have sufficient information. For instance, investors must:
Verify Employment and Income
With tenant eligibility criteria, employment and income rank highly. The best way to verify an applicant's income is by contacting the employer directly, ideally by phone. Likewise, if the tenant has a source of income like social security or benefits.
Be wary of applicants who don't disclose proof of employment because they may not pay their monthly rent, which is an investor's worst nightmare.
Check Their Rental History
One of the top rental application tips is to check the applicant's references from previous landlords. Ask for references if there have been any issues with the property or paying rent. You should also find out whether the potential tenant has been evicted, as that is a major red flag.
Dig Into Criminal Records
Tenant screening is an essential part of property manager tools.
It gives you insight into the applicant's criminal record. Through this, investors can see if the applicant has had convictions related to violence, drugs, and fraud. In some cases, even property damage.
Hire a Property Management Company
Not everyone has the know-how or time to screen tenants, which is where a property management company comes in. Property managers can thoroughly vet tenants and can spot red flags so you can steer clear of bad tenants. Aside from tenant screening, property managers will run through the lease agreement with the chosen tenant to ensure that they follow your property's rules.
Complete Tenant Background Check in Kansas City Today
Now that you can conduct a thorough tenant background check, it's time to sift through the pile of applicants. Ideally, work with a property manager to screen tenants on your behalf, as it saves time.
At PMI Station, we have years of experience managing properties to keep both tenants and landlords happy. If you need help with your Kansas City property, we'd love to hear from you. Contact us here to chat with a representative.
