Running a thorough background check on prospective tenants is absolutely necessary to ensure protection of your property and your profits. Tampa property management professionals and property owners who fail to perform the necessary background checks will undoubtedly increase their liability, loss of revenue, diminish their reputation, and may open themselves up to risk of leasing to a problem tenant.
TYPES OF BACKGROUND CHECKS
When it comes to performing a thorough background check on a prospective tenant, property management in Tampa professionals and property owners should consider performing a credit history check, criminal history check, and an eviction history check. By performing all three forms of a background check, property owners can increase their chances of leasing to ideal tenants.
Credit History Checks
Credit history checks are one form of background checks that are commonly performed on prospective tenants. A credit history check provides financial background information on prospective tenants. Some of the information that is provided on a credit history check includes amount of outstanding debts, lines of credit, and other related financial responsibilities. Credit history checks can help you gauge whether or not a prospective tenant will give you collection issues.
Criminal History Checks
Criminal history checks help to determine whether a prospective tenant has a history of criminal activity. While not all criminal offenses may cause for disqualification of a prospective tenant, there are many criminal offenses that may warrant disqualification. Every Tampa property management professional and property owner who leases out their property has a responsibility to the community to lease their property to tenants who do not jeopardize the safety of the community or its members.
Eviction History Checks
Even applicants who have a perfect credit score, no record of a criminal history, and have stable employment may actually end up being bad tenants. Eviction history checks give property owners an idea of how reliable and responsible a prospective tenant really is. Remember, that evictions may be brought on by more than just non-payment.
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