How exactly does a property manager make sure that they line up responsible tenants? One major indicator is credit history. If a potential tenant has a long track record of honoring one’s financial commitments in a timely manner, then it is very likely that in the future this individual will continue to honor their commitments. Checking credit history is a great way to screen potential tenants. Credit history is a much better indicator than checking a tenant’s W2… for instance. There are many self employed individuals or people who don’t have a really steady recurring income that still have the liquid financial resources to ensure consistent rent payment. You do not want to eliminate an individual who could be a great renter just because they can’t demonstrate strong recurring monthly income in the form of a W2. Credit history is a much more reliable and efficient indicator.
Criminal history is another item that property management definitely wants to check. For all you know, if you don’t check criminal history, you could have a drug dealer selling out of your house. It can get messy quickly for all stakeholders. If a tenant goes to jail, it becomes a huge headache for everyone involved. You do not want to rent to tenants who have a criminal history.
Tenant Background Search will help you to make truly informed decisions about who to rent to. Landlord tenant screening will save you money, time and make your job as a property manager so much easier!
by Jeff LeVan
Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.
The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.
- Tenant placement
- Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
- Regular property inspections
- Accounting and landlord bill payment
- Monthly financial reporting
- Maintenance service and supervision (we use only proven independent vendors)
- Collections
- Evictions
- We supply all the necessary forms to meet California’s Landlord/Tenant laws
- 24 hour emergency phone service
- Advertising to the broadest tenant base possible
Call or e-mail us today for more information. We’re ready to get started!