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If you are considering placing your property for rent, you will definitely want to carefully screen potential tenants. While you can certainly take the necessary steps yourself, you should consider some of the available services that can help you with this process. Depending on how much of this process you wish to outsource, you can find services to fit your need.

The least costly but most labor intensive way for you to screen your potential tenants is to do it all yourself. You will need to use a service to check credit, but aside from that you can contact references and verify most other information yourself. If you choose to follow this path, be sure to be thorough. Most landlord nightmares could have been avoided if there was a thorough screening process in place.

Using a tenant screening service will reduce the time you have to spend working on the screening process. You will still need to collect the information from your prospective tenant, but you can then provide that information to the screening service and they will do all the legwork.

Another option is going through a real estate broker. Most real estate brokers screen their prospects before showing them properties to determine the rent they can afford This can make your job at least a bit easier. The real estate broker will also help with marketing and showing the property, which can save you considerable time.

The most comprehensive option is using a rental management service. This kind of service does everything including finding and screening tenants, collecting rent, and maintenance. This usually costs a percentage of the rent, meaning they only get paid when rent gets paid. This is a huge incentive for them to rent to the right people, and keep it rented.

No matter which direction you decide is best for you, it is imperative that you take the time or spend the money for a thorough screening of any potential tenant. The biggest headaches most landlords face include not getting paid, having to evict tenants, and dealing with property damage. A thorough screening process can reduce your risk of facing these problems.

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12y ago

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