So, you’ve finally decided to put your property for rent. But how do you screen from hundreds of tenants? Having the right tenant defines your experience as a landlord. That is why it is imperative to choose the ideal candidate.
While it may not be apparent to inexperienced landlords, there are indeed some tell-tale signs of problematic tenants. In this article, we will discuss how to steer clear of those parties and screen potential tenants for your rental property.
- Rental Application
One of the first steps to getting the right tenant is to ask potential tenants to fill out a detailed application form containing details about their location, education, employment, driver’s license number, photo identity card, annual income, etc. The available information would help you filter appropriate candidates faster. Of course, you will still need to double-check the information provided.
Rental agencies in OKC can help you create and screen tenant applications. So, you can always automate the task if you need to.
- FHA Conduct
Make sure you adhere to the code of landlord ethics and conduct as prescribed by the Fair Housing Act (FHA). That way, no potential tenant can charge you against discrimination.
- Perform a Thorough Background Check
Going through your potential tenant’s residential and employment history can be tedious. However, it is necessary. When you conduct a thorough background verification of potential tenants you are confident that no pre-existing issues will crop up when the said tenant rents your property.
For instance, you want to get a heads-up about potential tenants with a history of missing out on rent and property vandalism. That will make it easier to find the right candidate.
If you need help conducting the background check of potential tenants, consult Oklahoma City Rental Property Management for prompt support. These experts will conduct comprehensive checks to weed out problematic parties.
- Check their Credit History
You also want to check the credit history of the potential tenant. The tenant should provide their Social Security Number (SSN) and written approval for the credit check.
- Ask for References
With fraudulent cases on the rise, it is crucial to have details about your renter’s previous landlord. Very often, landlords do not directly report vandalism or property-specific cases, fearing loss of time and effort. By contacting your potential tenant’s previous landlords, you will have a clear idea about the former’s authenticity.
- Use Tenant Screening Services
Today, hundreds of tenant screening companies offer comprehensive details about the tenant’s reputation, employment, credit, residential history, etc. Their background checks are quick and accurate, and you have the peace of mind of outsourcing the grunt work. Rental agencies in OKC adhere to all state and Federal compliance requirements and use sensitive information carefully.
- Physically Meet the Tenant
Finally, you want to physically meet the tenant over handling the process digitally. Meeting the tenant will help you gauge their personality better, paving the way for a fulfilling relationship in the long term.
Bottom Line
Now that you know how to screen potential tenants, just follow our guidelines to pick the perfect renter for your property. If you need help with background or credit checks of the tenants, reach out to OKC property management for comprehensive, quick, and affordable support!