Written by Tenant Screening Services, LLC
All tenants are not equal, therefore ensuring you give your property to a tenant that will take care of it and pay you on time, will help you protect your investment. Here are three tips on choosing the right tenant for your rental.
Adhere to the Federal Fair Housing Rules – It is important that landlords adhere to the Federal Fair Housing Act and ensure that tenants are not discriminated. As a landlord, you cannot discriminate a potential tenant based upon their race, color, national, origin, religion, sex, familial status (families with children) or disability
Good credit – A financially responsible tenant is one that will pay your bills on time and be responsible for your property. Firstly, you should verify their income. Usually, their income should be at least three times the monthly rent. Request for copies of their pay stubs or call their employer directly. Secondly run a credit check, which can be online or you can enlist the services of a tenant screening background check from a company that specializes in these services.
Perform a criminal background check – Since criminal information is public record, you can run a criminal background check with the tenant’s name and date of birth.
Remember that background checks on tenants may unearth a lot of information, and most landlords may find that tenants may be clear in certain areas and not in others.
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