A thorough tenant screening process is an essential step Plantation Real Estate Services takes to protect our clients’.
The last thing any landlord or property manager wants to do is evict a tenant for not being able to make timely monthly lease payments.
Another major cause of anxiety most landlords have with managing their own rentals, is worrying about their property’s condition and whether or not the tenants are following through with the regular maintenance requirements that are outlined in the lease.
There is nothing worse than having to invest thousands of dollars rehabbing a property every time a renter moves out.
To reduce the risk of having to perform an eviction, the following tenant screening systems and checklists are place:
Today’s real estate market is producing an unprecedented amount of foreclosures. Many homeowners are losing their homes and they will have no choice but to rent or move in with family or friends.
Especially with the current economic situation in California, the general expectation is that many applicants will have some type of negative mark on their credit due to a recent foreclosure, short sale or bankruptcy.
Either way, it’s imperative that the property manager thoroughly reviews their credit to look for signs of credit abuse, previous evictions, unpaid utilities, a history of numerous late payments or any other patterns of defaults.
The most critical step in our tenant screening process is the live interview conducted with each applicant.
After an applicant has filled out the rental application, and all other credit, background and employment checks have been completed, an appointment is scheduled with the prospective tenant to ask specific questions for clarification on our findings.
The interview process also allows us to build a mutual respect with our tenants so that they can have the confidence knowing we are a professional property management company that cares about our landlords and tenant relationships.
Our applicant interview process generally takes place at the office or in a convenient location for the applicant. However, there are circumstances where we’ll conduct a phone interview in cases where the applicant is moving to the area and not currently located in town.
To ensure that there aren’t any fair housing laws violated, each applicant is given an unbiased assessment taking into account their income, credit, rental history and several other factors. This assessment determines if the tenant is approved, approved with a larger security deposit or denied.
While Plantation Real Estate Services accepts input from our landlords, we take special precautions to ensure our staff and landlords are not violating any one’s rights as set forth in the Fair Housing Act.