Conduct your own research online on potential tenants / tenants

In both commercial and residential leases, there is always the risk of loss of income if a tenant breaks a lease and suddenly abandons, or from time to complete extensive repairs during which the property cannot be leased. These are nightmare risk scenarios that can be minimized by conducting background checks before renting an apartment, condo, house, or commercial space to a prospective tenant.

The steps presented here will dramatically reduce the risks of facing at a later stage, be it tenant evictions or costly repairs. You can run a tenant background check online right now, simply by searching our vast network of public records and proprietary databases.

(see chart below).

You’ll get high-quality search results on your prospective tenants in minutes.

Implementing a tenant screening process will minimize future problems with your tenant.

By checking the background of a prospective tenant and thereby establishing the profile of your prospective tenant, the risks of experiencing the scenarios mentioned above are much lower.

The first contact with a potential tenant takes place very often by phone, especially if the property to be rented has been advertised in a local newspaper. This is the right time for the property owner (or manager) to start asking the right questions for the qualification process.

Commercial or residential tenants should be questioned about the following issues:

1. Name of the prospective tenant
2. Telephone contact number
3. Date the prospective tenant wishes to occupy the property
4. Does the prospective tenant have previous landlord references?

The landlord (or manager) should also inform the prospective tenant of the monthly rent, security deposit, or other upfront charges (if applicable), as this will often eliminate the need for further review if the person is unable to pay the rent being charged. quoted.

If both parties are satisfied with the initial telephone interview, the prospective tenant will no doubt like to go see the property. This also gives the landlord / manager an opportunity to meet the prospective tenant in person.

The rental application form must include the following information:

1. Applicant’s full name, social security number, date of birth, and current address
2. Applicant’s addresses for the last 10 years
3. The names of the owners for the last 10 years (if they were rented during that period)
4. Applicant’s Business / Professional Licenses (do not required for rentals of residential spaces)
5. Applicant’s current job and annual salary
6. Description of applicant’s job or business occupation
7. Applicant’s previous employment within the last 5 years
8. The highest level of academic education of the applicant.
9. Credit references and bankruptcy problems
10. Misdemeanor or felony records for the prospective tenant
11. Full names of all occupants / co-tenants
12. Two personal references, with complete addresses and phone numbers.
13. Next of kin, that is, name of a relative who does not live with the tenant, with full address and phone number
14. Driver’s license number and issuance status
15. Registration number and vehicle

All information provided by the prospective tenant must then be confirmed by using the people search in the database.

Previous owners and personal references are very important sources of information about the prospective tenant and their previous relationship to personal property. You can ask them how long they have known the applicant and if they consider him / her trustworthy, his / her relationship with the neighbors, any noises that he / she (or pets) have made that disturb the neighbors and if the rented property was left in good condition, in the recent past.

If the applicant is a self-employed person or business owner, they should request copies of the latest business bank statement and tax returns from the previous year. Then you can also run a business background check to confirm the potential tenant’s credit worthiness.

The signed application must include a Disclosure Statement, which will allow you to check the tenant’s background to determine if you have been truthful in answering all the questions.

This final check is essential to determine the general characteristics of a potential tenant. Additionally, a thorough background check on the individual will also determine their financial stability.

If the decision is made to deny the rental, your application, along with the information gathered through the evaluation, must be disclosed to the prospective tenant as a reason for the denial.

When searching the various databases, keep in mind that previous addresses, landlords, and roommates are often revealed in your tenant background check search.