High-quality tenant selection criteria doesn’t just fill your vacancies. It brings in tenants who stay for the long term and pay the highest market rents. Choosing the right tenants to rent to can have a significant impact on your bottom line and your ownership experience.
Background Vetting
We run a full in-depth background check on all prospective tenants. We also use an eviction search that spans the whole country, identifying any evictions the prospective tenant has been subject to. If you use a state-limited eviction search, you could easily wind up renting to somebody who’s been evicted from a dozen different properties in other states.
We don’t just call the most recent landlord listed on a tenant’s application. We call the one before that, and even a third if possible. We ask if the tenant was ever late on rent, if the police were ever called to the tenant’s unit, and if the tenant ever in any way violated their lease agreement. These are all questions you’ll want answered before you trust a tenant to live in your property.
Profitability With Longevity
We work hard to maximize quickness and efficiency, but we don’t favor speed over thoroughness. What’s more important to you as an owner: finding tenants who move in immediately, or finding tenants who pay higher rent for a longer time? Plenty of owners and managers boast that they can fill units at lightning speed, without considering the fact that they might be leaving money on the table. Speed is secondary to finding tenants who will pay the rent your property is worth, and who will furthermore stick around for years to come. This leads not only to higher profits for owners, but to the peace of mind that comes with not having to advertise vacancies every year.
Our tenant selection process is part of what helps us embody our motto: Excellent property management doesn’t cost. It pays.™
