Selecting the right tenants for a rental property is critical for any landlord or property owner. Private landlords often find themselves at a disadvantage when it comes to screening potential tenants, however, due to the time or cost involved with performing a detailed screening. The truth is, though, that performing a thorough vetting of prospective tenants can save time and money in the long term.
Advertising, showing a property and interviewing applicants is a time-consuming process that every landlord knows all too well. It takes a lot of time to find tenants, and even more time to find good tenants. Unfortunately, accepting the wrong tenant could mean that you’ll be repeating the whole rental far sooner than you’d like. Finding the right tenants in the first place saves landlords a lot of time.
Vacancies are expensive, but so are bad tenants. Poor tenants may lead to unpaid rent, property damages, or other issues. Ultimately, the best way for a landlord to protect against losing money on bad tenants is through a careful applicant screening. Prospective tenants may talk a good game, but if they stop paying the rent a few months after moving in the landlord is faced with the aggravation and expense of evicting the tenant and hopefully recouping any unpaid rent or damages.
At AMG Property Management, we offer tenant screening and qualification standards as part of our property management services. We carefully review prospective applicants for you so that you can be confident only the most qualified tenants are being approved. Our process looks for an applicant’s eviction history, proof of rent payment history, proof of current employment and work stability, verification of a job offer for relocating tenants, and much more.
The bottom line is that screening tenants helps save time and money for property owners. As a landlord, you owe it to yourself to get the most qualified tenants possible. Find out how AMG Property Management can help you with your rental properties today by calling us at 317-252-5830.