Given the low crime rate in New Hampshire, it's easy to assume that most of your potential tenants are law-abiding and pleasant. But there's much more to being a good tenant than having a clean criminal record.
Tenant screening is an essential step in your leasing process. It involves examining a potential tenant's history, not just their criminal background. Effective screening can give you insights into their financial behavior, such as regularity in rent payment, and their interpersonal skills with neighbors.
Though you might choose to handle this screening yourself, investing in a professional service can be beneficial. They're equipped to delve into records and give valuable information more efficiently. Let's explore why outsourcing tenant screening could be the right move for you.
Tenant Screening Process
Screening tenants involves reviewing rental applications, carrying out background checks, and learning about a tenant's history. You might ask, "Why do you need to do this?" The main reason is to ensure your tenants can pay rent on time, respect your property, and fit with your community.
A tenant background check speaks to the kind of renter they are. Tenants with a consistent record of on-time payments prove financial responsibility. This behavior offers reassurance that your rent will be prioritized in their budget and that your rental income will be consistent.
Why Should You Consider Outsourcing the Tenant Screening Process?
Well, for starters, outsourcing can take a lot of hard work off your plate. Imagine all the work that goes into checking every detail on a tenant's application. You'll have to contact employers, confirm addresses, liaise with credit bureaus-the list can go on and on.
Now, picture an experienced company taking care of this for you. Not only does this save you the headache of doing it yourself, but they can also access more details about your potential client than you can.
Tenant screening services have a unique database of information that's not available to the public. Also, they can find out more about the candidate's lifestyle by interviewing them over the phone.
What Are The Advantages For Property Owners?
Outsourcing your tenant screening process can save you hours, or even days, of your precious time. Imagine what you could be doing with that time-like, focusing more on your family.
They'll find tenants who are more likely to renew their lease. That way, you'll have consistent income.
Professional help also reduces the chances of having problematic tenants. Take the applicant's employment history as an example. Most property owners only look at the renter's current job.
In contrast, professional tenant screening companies observe patterns in employment history, noting short stints at many jobs or significant gaps in employment. These patterns can signal instability that may result in inconsistent rental payments.
Harness the Power of Outsourcing
For most property owners in New Hampshire, outsourcing your tenant screening process is a good idea. It requires a small investment, but the time saved and peace of mind achieved often prove worthwhile. Furthermore, you'll end up with better tenants than you would have found on your own.
If you're ready to outsource but don't know where to start, contact PMI Granite State. With over twenty years in the industry, our team has the expertise to get you a tenant who pays on time and is polite.