Why What and Who of Tenant Checks

Landlords and property managers conduct tenant background checks prior to leasing as a form of risk mitigation in order to protect financial investment and if applicable existing tenants.  This explains “why” while the “what” is the gathering of public records or consumer reports in order to gauge the viability of a new prospective tenant.  This vetting process also known as tenant screening takes into account the results of several background checks and/or consumer reports including credit reports, credit score, eviction checks, sex offender records and criminal history reports.  Combined these reports paint a picture of the potential tenant and gives the landlord the facts they need to make a well informed leasing decision that will produce financial revenue and help protect existing tenants.  This explains the “why” and the “what” and it is a third party tenant screening company that is the “Who”.  Third party tenant screening companies are trained in the lawful and legal use of public and consumer reports specific to tenant checks in the multi-family industry.  Working with a third party tenant screening company is a wise decision for landlords and property managers who want to remain compliant with relevant laws and regulations such as the Fair Credit Reporting Act (FCRA) and Fair Housing laws.  It is important that the “who”, “what” and “why” are all addressed to create a compliant tenant screening process and amicable landlord/tenant relationship.  To learn more about why, what and who in the tenant screening process read recent TenantScreeningUSA.com press release: http://tenantscreeningusa.com/tenant-screening-news/tenant-check-why-and-what-and-who/