Tenant Background Checks

Tenant Background Checks

Before you rent any property you own you need to do a background check on all potential tenants. That should go without saying but in too many situations it just doesn?t. Let me make this clear, you MUST do a background check on EVERYONE. Even if you?re going to rent a unit to a very dear friend or a family member, it is in your best interest to do a background check because other tenants or even people that apply to rent the property can hold that against you in the future.

Make sure you do a thorough background check and don?t skip any portion of it.

Credit Check

Getting a credit report on prospective tenants is actually very easy and ridiculously packed with useful information. You?ll learn about their payment history, their financial responsibility, their loans, their credit rating and many more important pieces of their financial background.

Criminal History

Most states have online criminal background histories and searching for the background on your prospective tenant is just as easy as plugging their name into the query page. There is no rule that says you can?t rent to someone with a criminal background BUT you could have serious problems if your prospective tenant is a registered sex offender and you have children living on your property. There are no national criminal registries so try to get information on where the applicant lived in the past.

Rental Past

The Credit Check and Criminal History will actually give you information on the prospective tenants rental past if there was a problem as legal actions against them by tenants will be in the criminal check and any collection issues will be on the credit report. But it?s not always this easy, call their past landlords to get a reference and a better feel for their rental past.

Remember to get the prospective tenant?s permission, in writing, before performing any sort of background check.

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