123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

The Tenant Screening Process As Done By The Property Management Companies

By Author: Martin Luther
Total Articles: 348

The tenant screening process varies extensively from company to company so it’s vital to find out the exact amount of protection that the company would provide you from the hands of the bad tenants. The prospective applicants try their best for hiding the facts that would eliminate them from consideration. This makes the screening work more difficult and confusing. So this particular task of tenant screening is highly important for all management companies.

The below mentioned points would surely give you an idea of how much protection the management companies you interview would provide, with their screening process:

1. Make sure you ask about the systems the management company have in place to protect you against any type of rental scams and do they have any history of being deceived by any of such scams. Scams are getting more and more widespread and advanced these days. There are many outstation and local scammers who would copy your ad, break into your house and create such a false story that you would be allured to give them the security deposit. Now, as soon as they receive the money they would run and keep no possible trails for you to chase or track them.

2. Inquire that if they would "hold" a property for a tenant, and take it off the market before a lease is signed and what would be their charges for the same. It is important that the company levies a fee for the service so that they actually provide a protection in the event of things falling through.

3. Be aware about their methods of screening the tenants. The method needs to be comprehensive and strong. Things like income, employment verification, application information authentication, credit report run, personal references, public notice like any type of bankruptcy or eviction, and search run needs to be checked and considered. Even contacting the former landlords are vital. There are actually several tricks of the trade in this area and each management company would have their own time-tested methods.

4. Finding out that which tenant qualifications are most important to them is necessary for you to know. Preferably, you would want them to bring in people who are serious about their job and/ or schooling. It is a hard truth that the less someone has to lose in life, the less you can expect from them as a tenant. The exclusion rate and tenant turnover rate of the properties that the property management company manages is a good indicator of how well they screen tenants.

Martin Luther has performed a series of interview with many property and asset management companies around the world. From all these interviews he established that the demand for a property management company is huge as it provide all types of facilities required in maintaining properties and assets.

Total Views: 49Word Count: 468See All articles From Author

Business Articles

1. Household Shifting Services In Bangalore Mumbai Unionpackers
Author: UnionPackers

2. How Can You Lower Your Lcl Sea Freight Costs?
Author: Jack

3. How To Keep Yourself Safe While Working At Heights
Author: solucoesoutdoor

4. Opportunities For The Global Gallium Arsenide Wafer Market To Reach $1.3 Billion By 2023
Author: Lucintel

5. Floral Arrangement For The Perfect Summer Wedding
Author: John Miller

6. 5 Reasons Why Your Website Need Mobile App Development
Author: Anshul Sharma

7. A Gift For Planning Your Event
Author: agiftlistseo

8. Why Is A Good Night Sleep Essential?
Author: Lewis Carroll

9. Sterlite Copper - The Journey Through Controversies
Author: Alanna Alberto

10. Enhancing Your Business Sales Using Wordpress
Author: IncRevenue

11. With Proper Training And Certificates, One Can Become An Expert Risk Manager
Author: George Hoover

12. Anand Enterprises
Author: Anand Enterprises

13. A Good Adwords Agency Is Things You Will Need For The Company!
Author: Magdalene Munter

14. Top Advantages Of Asphalt Seal Coating In Ontario
Author: Vadim Muravyev

15. Take Your Travel Experience Into Another Level By Exploring The Best Location Of India
Author: rossbrian

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: