Tenant Screening is without a doubt, one of the most critical steps in the property management process. A thorough and meticulous screening process can mean the difference between a smooth tenancy and a rental nightmare. Landlords and property managers equipped with the right tools like SimplifyEm Property Management Software, cannot only safeguard their properties, but also foster positive relationships with tenants. Here are five essential tips every property manager must know:
- Set Clear Rental Criteria: Before starting the screening process, outline clear criteria for what you expect from your tenants. Whether it’s specific credit score range, income level or rental history, being transparent about your expectations can deter unqualified applicants from the start. The rental criteria should be listed on any rental listings. SimplifyEm provides rental advertising to over twenty websites with one click. Some websites include Zillow, Trulia, Hotpads and Craigslist.
- Detailed Rental Application: Harness the power of SimplifyEm to create an exhaustive online application, capturing crucial details like employment history, past residences and credit history. It’s also beneficial to understand why a tenant left a previous rental, which can be a precursor to potential issues. SimplifyEm makes this easy by providing three ways of sending an online application. The first option is to directly email the application to the applicant. The second way is to create an online application link for a specific property to be posted online and anyone can apply. The last way is to create an online application link for the property management business that can be added to the property manager’s website. Property managers can also upload their own custom rental application in their account to send out for e-sign.
- Conduct a Thorough Background Check: SimplifyEm’s integrated background check feature dives deep into an applicant’s history, unveiling criminal records, past evictions and more. Knowing your tenant’s past ensures a safe environment for your property and neighboring tenants. Property managers and landlords can screen applicants on their background within minutes and swiftly make a decision.
- Don’t Skip the Credit Check: A tenant’s financial responsibility is vital. A credit check will give you a glimpse into their payment history and financial commitments. Tenants with a history of late payments or substantial debt might pose a risk in terms of consistent rent payments.
- Verify Employment and Income: A stable job often indicates a tenant’s ability to meet their monthly obligations. Verify that prospective tenants have a stable income using SimplifyEm’s online instant verification tool. The report is 100% accurate and you can see the applicant’s income from the past twelve months. With this tool, you can reduce time by 28% by approving applicants faster.
While tenant screening serves as a strategic approach to safeguarding your property investments, having the right tools in place can amplify its effectiveness. SimplifyEm Property Management Software offers integrated solutions that streamline this process, ensuring you have all of the necessary insights at your fingertips. Why not experience the difference for yourself? Sign up for a free 15-day trial of SimplifyEm and elevate your property management experience to new heights. Your ideal tenant could be just a click away. Sign up for a free trial here.
