Why is it important to run a complete tenant screening report?

Sometimes you are so eager to get your property rented that you miss red flags. 

Getting the right tenant in your property is vital. You need to know that they have promptly paid their bills every month. One bad tenant can destroy your income and more often than not, your property too. No one wants that.

Thoroughly screening your tenant is a very small investment to assure your peace of mind. 

Red flags when Screening Tenants

Here are just a few things to look out for:

  • Incomplete application – what have they left off?
  • Did not sign application
  • No photo ID
  • Multiple last names listed - ask for proof of what name they are using. For example a driver’s license AND a paycheck stub to verify.
  • No bank account, credit card debt or car payments
  • Social security number and date of birth not legible
  • Gaps in employment history

Taking that extra time in the beginning, will save you serious headaches in the long term

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