Landlords and homeowners who manage their own rental properties really need to know how to properly screen tenants. You never want to just move a tenant in without checking that person’s background and qualifications. It’s important that you always do a professional background screening. We’re telling you about what we do at Terra Residential Services before we approve a new tenant for one of our properties.
Our background checks include looking at an applicant’s criminal background, credit history, employment history and rental references. We do careful checks in all of these areas to ensure we are renting a property to the most qualified tenant.
The typical tenant we place makes at least four times the monthly rent in verifiable income. You can verify what an applicant makes by asking to see pay stubs, tax records or bank statements. We also look for at least three years of verifiable employment. You may need to call the current employer or check pay stubs and employment contracts from past companies. We also want to see three years or more of good rental history. We don’t want to see evictions in an applicant’s past.
An ideal tenant will have good credit, with a credit score of at least 600. The criminal record must be clean or only contain minor, non-violent items. We never want to approve a tenant who shows upon the sexual predator list or in the terror database.
These are the types of things you have to do and look for when you are screening potential tenants. Once you do this successfully, you have an outstanding chance of finding a great tenant who will pay rent on time and take good care of the property.
If you are a tenant looking to apply, CLICK HERE!
Marketing is key to successful rentals. We provide an expert market analysis for each property we manage to maximize return.
We conduct extensive screening on all tenants and handle every aspect of getting your investment rented in the shortest time possible.
We make sure you get paid on time, every time. You no longer have to worry about rent showing up in your bank account.
We conduct inspections upon move-in and move-out and ensure all maintenance issues are addressed in a timely manner.
With our detailed financial reporting tools and online owner portal, it's never been easier to keep tabs on your investment.
In the unfortunate event that a tenant needs to be evicted from your rental, we will re-rent the property promptly.
