| There are more disadvantages of renting your | | | | comprehensive tenant screening report. A word |
| apartment to a stranger (for monetary reasons) | | | | of caution here - select reliable tenant screening |
| than advantages. On the contrary, there are | | | | agencies, which have a good track record as well |
| more advantages and limited drawbacks if you | | | | as an effective screening methodology. A reliable |
| have a prospective tenant with a clean record. | | | | tenant screening agency would ensure a |
| Leasing or renting an apartment involves a risk | | | | comprehensive check and thus ensure peace of |
| that is quite similar to the extension of your | | | | mind. |
| credit. Your cost continues to be added until | | | | What functions do Tenant Screening Agencies |
| you've cleared it. It is understood that landlords | | | | perform? |
| cannot have firsthand knowledge of the applicant's | | | | They provide you with a detailed tenant screening |
| reliability; nor can they keep an easy assurance | | | | report of the prospective tenant, which is |
| that the particular tenant will be responsible for all | | | | compiled with the help of various resources. A |
| future rent payments. The probable surmounting | | | | typical report should detail the following: |
| cost of having rented to an unreliable tenant could | | | | - A credit profile sourced from one of the three |
| turn out to be a gamble. It could come in the | | | | national credit bureaus. |
| form of lost rent that the tenant could not pay | | | | - Public records: civil judgments, tax liens, and |
| for whatever reason, or the cost of financial | | | | bankruptcies. |
| liability (mortgage), and the legal cost in case you | | | | - Drivers license verification. |
| were forced to evict the tenant. The | | | | - Banking records. |
| disadvantages are plenty and if you are a landlord | | | | - Personal information, address history, etc. |
| and choose not to screen your tenants, you | | | | - Criminal and eviction information (if any). |
| might find yourself struggling for the very same | | | | Tenant screening agencies that employ sound |
| reasons. | | | | practices and methodology can provide you with |
| The next question is how? | | | | the means to develop a selection strategy for |
| The emergence and popularity of tenant | | | | your prospective tenants. In fact, selecting the |
| screening agencies countrywide is a clear indication | | | | right tenant screening agency is the key to |
| that more and more landlords are asking for a | | | | selecting the right tenant. |