How to screen tenants for rental properties

Jul , 13
How to screen tenants for rental properties

It is extremely important for landlords to screen tenants for rental units before renting out their property. Landlords can also do credit checks, verify income, confirm employment, conduct criminal background checks, etc in order to ensure that the renter is trustworthy. 

There are a number of steps you can take in order to screen your tenants before renting out your property:

  • Prescreen potential tenants

You need to understand how to screen tenants before they fill out a rental application. You might want to run a criminal background check as part of the application process. You can also check on the application’s social media account to give you a better understanding of your rental applicant’s personality. Also, you can check on the employment details of the applicant on LinkedIn. 

  • Determine what questions to ask potential tenants

Details like income, employment, criminal background, credit, previous eviction and residence history are some of the main points you need to focus on. Asking probing questions will help you to better understand the tenant’s needs. You should be aware of any potential co-applicants. If additional people are going to stay with the applicant (family, siblings, relatives), you need to consider them as co-applicants and check their background too.

  • Screen tenants by checking their credit

By checking on the credit report of a prospective tenant, you get to know if the tenant pays their bills on time. Credit reporting agencies would landlords pulling the credit data to be accredited. It would require an on-site inspection of the inquirer’s office, in order to ensure that the business is legitimate.

  • Run criminal background checks

Along with pulling credit reports, you need to also check the renter’s background whether he/she has any criminal history. You also need to make sure that the reports are correct. Because it wouldn’t be a good idea to deny a tenant for an incorrect report. You need to make sure that the spelling of the names and the previous addresses are correct. There might be times where you might get negative results. In such cases, you can discuss with the prospective tenant the circumstances surrounding the event. 

  • Verify income and employment

It is important to verify if the applicant has a stable job in order to understand if they can afford to pay the rent every month. It is imperative to verify the employment status, job title and salary of the applicant. 

  • Check previous addresses, landlords and eviction history

You will have to verify the previous addresses of the applicant and check on with the previous landlords about the applicant. You would want to check with the previous landlords whether the applicant was prompt with payments, whether the property was properly taken care of, were there any complaints from neighbours with regards to noise, etc. 

  • Interview prospective tenants & co-applicants

Once you collect and verify all the information shared by the tenant, you would want to talk to your tenant over the phone or in a face-to-face meeting. You can ask your doubts and get clarification of any point(s) if any.

  • Accept or reject the applicant after screening

Once you have secured all the information and verified both the income and employment of the tenant, you are now ready to make a decision. You can hand over the keys of your property to your tenant if he/she meets all the prerequisites such as a stable job, regular income, etc. 

When can you deny an applicant after screening a tenant

You can deny an applicant who wants to rent your property if you find that their income can’t support the rent if their credit is too low or their payment history is poor. You can also deny them if you find that they have a criminal history and indicate a potential risk.

What documents to ask from a tenant?

Some important documents to request from a tenant before they move in are:

Identity check

It is imperative to check the renter’s personal details because there is always a risk of forgery.

Residential history

You need to make sure that there are no evictions on the record of the applicant and you need to take a comprehensive reference from their previous landlords. You will be able to find the tenant’s residence history on the rental application form. 

Employment and income details

You need to ask for details of your renter’s job and salary and ensure that they have given the correct information. Some forms you could ask for may include bank statements, court-ordered settlements, employment contracts.

It is imperative that you screen your tenants properly and collect all important documents and information from them in order to be sure that a prospective tenant is a reliable person and that he will pay the rent in a timely manner. 


Post a comment

Your email address will not be published. Required fields are marked *

7 Best investment options in India AI IN REAL ESTATE Artificial Intelligence Benefits of indoor plants in the office benefits of investing in commercial real estate benefits of rental property best degree for real estate investing best places to invest in navi mumbai best real estate stocks Best Residential Property Investment buy commercial property buy corporate office space buy home as per vastushastra buy office spaces Buyers' payments and its utilisation as per RERA Act buying a new home buying homes in India calculate square foot of house cement sector challenges facing in cement sector in 2021 closing costs for commercial property co-operative housing societies laws Commercial Office Space commercial property commercial property for sale commercial property lease commercial real estate Commercial Real Estate 2021 commercial real estate closing commercial real estate for sale commercial real estate in Navi Mumbai commercial real estate in Vashi commercial real estate investment commercial rental property Commercial Residential Property commercial space for sale commercial workplaces corporate office space corporate office space in Navi Mumbai corporate office space in Vashi corporate park in navi mumbai corporate park in vashi Covid-19 impact on Indian Real Estate customized villa in khandala customized villa in lonavala Cyber works Greenscape Group CYBERCODE Greenscape Group digital real estate investment platform DRONE REVOLUTION IN REAL ESTATE INDUSTRY eco-friendly home designs energy consumption for commercial buildings energy efficiency in office buildings Eternia Greenscape Group factors affecting real estate market factors affecting real estate market in India future of digital real estate future of real estate gen z in the workplace 2022 greenscape developers greenscape group Greenscape Group Meraki greenscape navi mumbai Greenscape Realty greenscape vashi GS Royale Greenscape Group Gudi Padwa 2022 guide to buy a second home in india 2021 hedge fund collapse 2021 home design trends to look out for in 2022 home improvements to increase value homeowners association rules housing societies how to plan for second home impact of technology in real estate India real estate market India real estate market 2020 Indian Real Estate Market 2021 indoor office plants invest in real estate stocks KNOW HOW TO INCREASE THE VALUE OF YOUR HOME La Vista Greenscape Group leasing a commercial property legal documents for property lucky plants for office desk luxurious office spaces of Navi Mumbai luxury property Luxury Real Estate luxury villas Maharashtra Rent Control Act measuring tips for square feet of a house most expensive house in india Office Design Tips for Better Mental Health office space for sale office space in navi mumbai office space in vashi office space trends open concept house design post pandemic Real Estate Investment premium Indian home buyers premium real estate company problems with millennials in the workplace Property E-Registration in Maharashtra property investment property listings in real estate portals property sells Real estate agent in India real estate company real estate company in navi mumbai real estate company in vashi real estate growth in India real estate india real estate institution real estate investment companies Real Estate Investment in India real estate investment India real estate investment schemes real estate investment tips Real Estate Investments real estate investor real estate license benefits real estate market Real Estate news real estate portals real estate prices real estate project real estate projects real estate properties for sale real estate property real estate property in Navi Mumbai real estate property in Vashi Real Estate Regulatory Authority real estate rules real estate statistics in india real estate to invest in 2021 Real estate Trends Real Estate updates rent control act rental property investment RERA Act Residence Company in Mumbai Residential and Commercial Property Residential Flats Residential or Commercial Residential Properties Residential Property into Commercial One residential property investment rules and regulations for rental property screen tenants for rental properties Stamp duty and registration charges in Navi Mumbai Technocity Greenscape Group technology template The Affaires Greenscape Group The Residence Greenscape Group The Springs Greenscape Group tips for eco-friendly home tips for interior design TIPS TO BOOST ROI FOR YOUR COMMERCIAL REAL ESTATE Tips to create a Zen Corner in your home title Top Interior Design Trends of 2022 trends in real estate market twitter unique office plants v vastu tips vastu tips for apartment vastu tips for flat vastushastra vastushastra for home villa for sale weekend home destinations near Navi Mumbai What is Virtual Real Estate what motivates millennials in the workplace work from home workplace for millennials WORKPLACE TRENDS POST-PANDEMIC Workspace Tips for Better Mental Health ZERO-RENTAL FLATS