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Home · Property Management · Tenant Screening (Page 4)

Today, even the newest real estate investors with small portfolios are interacting daily with available technology that expedites their property acquisition, marketing, and the management process. From the listing to the move-out, they find and integrate real-time technology solutions. Imagine my surprise when I recently attended Real Estate Investors Association meetings on Crime Free Rental…


Question: I’ve been looking for a tenant for months and I finally found someone with a reliable income, good references, and no criminal history. However, her credit score is not so great and she has one eviction. She says it’s because she went through a divorce. Should I believe her and accept her as a…


Question: I’ve had the worst luck with tenants! I only own four rental properties, but I’ve gone through two evictions in three years! Altogether these evictions have cost me around $9,000 and that’s not to mention all the priceless time, energy, and stress it caused me. In both cases, they stopped paying rent completely and…


Question: I recently screened a husband and wife and was surprised that they had such different scores. They seem like a nice couple, but the husband has a lot of debt and multiple collections. Is this too risky? Answer: There are many variables you should consider before making a decision. For instance: What is their…


While it’s just a blip, apartment home and lease fraud is now being measured on the Federal Trade Commission’s identity theft and fraud radar. Three years ago, identity fraud or theft related to the lease housing industry first showed up on the agency’s annual Consumer Sentinel report. The number of complaints − albeit just a small…


As the U.S. economy generally continues an upward tick, household debt has eclipsed that of levels in 2008 leading into the Great Depression. Total household debt has increased by $149 billion to $12.73 trillion. Depending on who you talk to, that should cause alarm. But economists argue that the economic condition is now much healthier than when…


Seattle landlords would be almost completely prohibited from screening prospective tenants based on their criminal histories, under a proposed ordinance approved by a City Council committee Tuesday. The only people who could be denied housing based on their criminal histories would be those listed on sex-offender registries because of adult convictions. And landlords denying housing…


Landlords can sometimes get a bad rap for being ruthless, money-driven tyrants. The truth is, many landlords do a great job at keeping their tenants happy and, in return, reap the benefits of these people being taken care of. There is a downside for you as a landlord, though, and that occurs when you have not…


The single biggest mistake you can make in property investment is buying the wrong property. The next one – and by far the most common – is getting the wrong tenants to live in it. If you have the wrong tenant in your property, your life as a landlord can be hell. The right tenant,…


By utilizing the proper tenant screening methods, you may be able to avoid future problems and headaches by performing the proper prescreening process. Screening prospective tenants is much like interviewing candidates for a job. Asking good resident screening questions will help you determine who will make the best tenants for your property. Prescreening questions for…

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