Screening tenants is one of the most important steps in protecting your rental property. A thorough tenant screening process helps you avoid late payments, property damage, and other issues that could harm your investment. Start by running a credit check to evaluate the applicant’s financial stability and reliability in paying rent on time.
It’s also essential to verify the applicant’s employment and income. Ensure they have a stable job and sufficient income to comfortably cover the rent. As a general rule, tenants should make at least three times the monthly rent in income.
Next, check the applicant’s rental history by contacting previous landlords. This can provide valuable insight into their behavior as a tenant. Were they responsible, or did they cause issues? Finally, conduct a background check to identify any red flags like a criminal history that could pose a risk.
Need help screening tenants for your rental property? Contact Evergroove Property Solutions at (803) 702-8272 or email us at [email protected] for expert tenant screening services.