Why You Should Do a Tenant Background Check

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Property investment is a very popular investment choice in recent times but no one buys a property for it to sit there empty or it wouldn’t be worth the investment. To get the most out of your investment property you will need to be renting it to some tenants. The problem many people face though is that if they have tenants that turn out to be bad tenants they can possibly do some extreme damage to your property. In addition, you may be renting your property to sexual offenders, wanted criminals, etc. So it is advisable to do a tenant screening background check on potential tenants to ensure that you have good, reliable tenants.

By performing a tenant background check you will be able to make the best decision about the renting of your property. You will be trusting this person with the care of your property so it is important to choose wisely. One important piece of information that you will be able to obtain by doing a background check is the credit history of the potential tenant and whether they will actually be able to pay the weekly rent. This is something that you will want to know upfront to avoid losing a lot of money in the long term.

You will need to have some information about the possible future tenant to be able to perform a background check and you can obtain that information by asking the person to fill out an application for renting the property. You can download your free tenant lease form here! The application will ask for information such as their current address, social security number and driver’s license. You will also want to make sure that they are currently employed and if possible see if you can get some references from them.

The main information that you will want to retrieve from a background check is to confirm the person’s current address, employment and to obtain a credit history report. This will ensure that the person you are dealing with really is who they claim to be and that they are not giving you false information. The tenant background check will also be able to inform you of any criminal past that a person has.

You must be careful to not give the prospective any reason to claim that you are discriminating against them for any reason. Should you decide to decline their application, give them a good solid reason and don’t ever knock a person back because of their race or religion.

You can perform a fast tenant background check on the internet or you can hire an expensive public records investigator. Either way you definitely should make this a priority. To ensure that you have reliable tenants looking after your property do a background check and have the perfect tenant that will treat the property as if it was their own.

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