FCRA compliant tenant screening is good for both the landlord and rental applicant. Using a professional third party tenant screening company to vet potential renters is a wise decision for landlords and property managers. A third party background screening company offering professional tenant checks has to comply with Federal Law and other laws governing the background screening industry. A credit report is a private record that requires consent from the potential renter in order for the landlord to access this information. Although criminal records are public records they are still sensitive information that a landlord should get permission for before placing criminal checks. This is currently a required step for using criminal records in the employment screening process. The FCRA and Federal Trade Commission are looking out for the average American renter while the landlord is looking to rent to a low risk well qualified tenant. This balancing act helps both landlords and potential renters. To learn more about how good tenant screening protects both landlord and renter read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/protections-for-tenant-screening-and-applicants/
Preventative Maintenance Prevents Bad Tenants
For landlords and property managers of single unit dwellings and single property owner’s one bad tenant can be disastrous. A small landlord in Golden Valley, Minnesota found out just how horrific a bad tenant can be. The MacDonald’s’ family rented to a tenant that destroyed their home and became verbally threatening. The situation became so hopeless that the MacDonald’s had to flee their home and move into a hotel at which time they offered the tenant money to leave in order to avoid the eviction process. Unfortunately in most cases the eviction process takes months to complete and can cost thousands in legal fees. One way to greatly reduce experiencing what a bad tenant can do is to use a third party tenant screening company to perform a through and secure tenant check on the applicant before turning over the keys. To learn more about preventative maintenance and how a small landlord can avoid bad tenants read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/tenant-screening-preventative-maintenanc
Accidental Landlord or Not Tenant Screening is Key
With mortgage interest rates low and resale market values struggling to keep up, many homeowners looking for a new house are opting to keep the old house as well. They are looking to rent out the old house and live in the new one. These accidental landlords need to understand the challenges of being a landlord and would be wise to partner with a third party tenant screening company to vet potential renters before signing a lease. Key components to a thorough tenant background check are credit history, criminal history, and eviction history. Companies like TenantScreeningUSA.com offer tenant background checks for under $40 even to independent landlords with only one rental unit. Tenant background screening is critical for the success of the landlord and not a good place to cut corners to save a few dollars. The price of a tenant check is negligible compared to the costs of a bad tenant.
To learn more about the accidental landlord and how a new landlord can best protect themselves and their property investment read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/an-accidental-landlord-tenant-screening-is-key-to-success/
Wisconsin Passes Bill Altering Powers of Landlord and Rights of Tenants
Legislators in Wisconsin have simplified the process of eviction and legally changed the dynamic of the renter/landlord relationship. Now according to Act 143 cities, counties, towns and villages in Wisconsin cannot block evictions. Wisconsin already has a history of providing more powers to the Landlords in ACT 108 which allows landlords to discriminate prospective tenants based on credit or criminal history. As State Laws change regarding property management, tenant screening and the eviction process it is a good idea to partner with a third party tenant screening company to help stay current and compliant with relevant tenant/landlord law. To learn more about the recent Wisconsin Legislation affecting landlords and tenants read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/recent-changes-in-wisconsin-highlight-a-need-to-work-with-a-third-party-tenant-screening-company/
Should College Kids be Screened the Same Way as Long Term Renters?
Recent press release suggests that college kids seeking short term or less than one year leases should be screened the same as long term renters. The risks that exist from long term renting also exist for short term renting. It is advised that every college student applying for the lease including any co-signers or guarantors be fully vetted prior to handing over the keys. Thorough and fact based tenant screening help landlords and property managers make decisions that will promote the 3 P’s (People, Property and Perception). It is also psychological that short term renters would take less care of the property as would someone who intends to live there for a long time. In some aspects short term leases are more risky than long-term rentals and certainly warrant the same level of tenant checks as their counterpart. To learn more about this subject read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/with-summer-here-back-to-school-is-near-tenant-screening-college-kids/
People, Property and Perception 3 ways to Successful Renting
Three key areas for developing and maintaining financially sustainable and successful rental properties lies within the 3 P’s…. People, Property and Perception and it all starts with proper tenant screening. The look and feel of a property also involves people as good current long term renters help attract new good tenants while protecting current tenants and future tenants through thorough tenant checks also improves perception and enhancing the value of the property as a whole. A negative perception of a property and or the tenants that live there could soon turn into reality and scare off good long term tenants. Landlords and property managers should take care of People, Property and Perception to be successful for the long haul. To learn more about how people, property and perception make or break a rental property read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/three-areas-to-financial-success-with-rental-properties-it-all-starts-with-tenant-screening/
Cutting out Tenant Checks not a Good Place to Cut Corners
Property managers and owners hit hard by Hurricane Sandy and other natural disasters are trying to get ready for the summer tourism season. Many might try to eliminate tenant checks on short term rentals in order to save a few bucks but that is not a good place to cut corners. Average tenant checks are very affordable and cost around $25 to perform and can save the landlord from potential income loss, property damage and property reputation damage. Desperate property managers looking to cut expenses this summer should think twice before cutting out tenant checks. To learn more about how desperate renting can lead to lapses in tenant screening read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/desperate-renting-leads-to-lapses-in-tenant-screening/
Tenant Screening for Commercial Leasing also Makes Sense
Tenant screening for residential properties is commonplace in the United States now, but tenant screening for commercial property leasing is not. Residential and commercial property owners should both conduct thorough tenant checks on their prospective tenants for mainly the same reason; risk management… residential landlords want to create a safe environment as well as make a profit and commercial property managers want this as well, and conducting thorough tenant screening prior to signing a lease is a huge component in achieving these goals and also foster long-term residents which equates into long term financial security. Partnering with a professional third party tenant screening company like TenantScreeningUSA.com is imperative in the process of selecting new tenants both for residential or commercial units. To learn more about how professional tenant screening can help with leasing commercial units read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/tenantscreeningusa-com-recommends-tenant-screening-for-commercial-properties-large-and-especially-small/
Tenant Checks Protect Property People and Reputation
For a landlord in an ever changing economic climate in a highly transient society utilizing a professional third party tenant screening company to perform tenant checks is a wise choice. Every landlord wants to protect their property, protect their tenants and protect their reputation while financially making a profit. Modern professional tenant screening helps these landlords get the tenant checks they need to help them achieve their goals. To learn more about how proper tenant screening can help landlords read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/uncategorized/protect-property-people-and-reputation-tenant-checks-will-help/
Tenant Screening May Help Reduce Meth Labs in Rental Properties
There is an estimated 2.5 million meth-contaminated homes in the United States. Since Methamphetamine is relatively easy to manufacture and the use of rental properties used as meth labs continues it is highly recommended to perform thorough tenant screening on applicants before renting, especially for the small landlord and single family dwellings. Included in a complete tenant check should be a criminal history check which may discover previous drug related charges and aid in keeping a rental property drug free and clean of the chemicals used in meth production which gets in carpets, furniture, walls and curtains. “Drug task force authorities across the country are urging new homeowners to check into the drug history of the previous homeowners or tenants, because the residual effects of drugs within a home – especially the chemical deposits from the manufacturing of methamphetamines – can linger for years and cause major health problems for the home’s new occupants.” http://glendora.patch.com/articles/is-your-home-a-former-meth-lab
To learn more about how proper tenant screening can help reduce meth labs in rental properties read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/meth-labs-in-rental-properties-increased-use-of-tenant-screening-may-help/