Tenant screening is an effective measure to ensure security on your rental property and the existing tenants. If you spend sufficient time to perform tenant check, you are actually protecting your savings. Tenant Representation
The process of tenant background check is similar to employment screening. From potential tenant, you get the necessary information such as complete name, complete previous address and name of previous landlord if possible and his or her current job.
Doing credit check screening as well as tenant background check saves unnecessary hassles and issues that may arise after the signing of the contract. Tenant check may best be done by batch such as completing a batch of 5 tenant applications.
Another consideration to make is to gauge manners and attitude. Is the potential tenant respectful? It is important to note on your tenant screening his possible reactions when complaints or criticisms are brought to his attention. Would he be calm and respectable? Or would he be violent in actions and words? Tenant Representation
Some websites offer free services of tenant check. All you have to do is sign up for free at their website. Once your membership is active, you can have access to their database containing lists of bad tenants. Some websites may require tenant’s information such as Social Security Number, Driver’s License Number and complete name.
During the meeting, select your questions. They should gear towards knowing more about his background. For example, know the reasons for the transfer and the number of persons who live with him. This can give you information on his personal life without appearing an intruder.
What you should not touch during tenant screening are details on his gender, sexual preference, race and even religion [unless his religion incites him to become a public nuisance]. Bear in mind that these people are protected with tenants rights and nobody deserves to be discriminated because of his personal choices. Tenant Representation Company
You may choose to ask him direct questions. Or you could do tenant verification using the information provided on his application form and during the conversations with him. His superior and co-workers may be helpful to give you insights on his financial capacity and character.
Besides speaking to their former landlords, it is also wise to visit public records. You do not only want to have a tenant who has bad credit history; you should not have a criminal tenant in your leasing property as well to ensure safety of your existing tenants. Tenant Representation Firm
So your office lease is about to expire and you decided to talk with your landlord to see if he’ll be nice and just sign a renewal, but the problem is that even if he’s nice, it’s for a reason – he only gets paid if you stay! Maybe you decide to talk with the brokers at all the buildings and get information from them. Unfortunately, the truth is brokers are salesmen – they only get paid when you lease in their listed buildings! Or instead of all the hassle, you can call a tenant representation firm – which won’t cost you a dime. You can click here to read more in great details about this real estate service.
The best thing about tenant representation is that they have nothing to do with any landlord. Therefore, you can choose just about any options, as long as it’s the best for you. It may sound a bit weird but even though they’re negotiating on your behalf against landlords, they get paid commissions by landlords themselves! If you hire a tenant representation firm, they know that they can make money eventually no matter what real estate option you decide to choose; which is totally different form a listing broker who just want you to lease a specific space and earn 100% commission! As a results, the firm will do anything possible to help you. They’ll collect data and research all opportunities available, work with you to make proposals, coordinate the moving parts. The outcome: you’ll have informed business decisions to make, thus reduce the risk on your end as much as possible. You can visit Laughlin Commercial Realty Group to learn even more about this process.
At the end of the day, you’ll have to look at everyone’s motivations. Listing brokers and landlords only get paid if you make some specific decisions, so they’ll not advise you objectively and will prove very dangerous to your business. Tenant representation services, on the other hand, give you objective, sound, time efficient advice and best of all you won’t have to pay a penny to get it! Real estate decisions can be the biggest decision you will ever make, so having a tenant representative working for you is the really best option that you can have. Go online now and find out more about this free and helpful real estate service!