Sunday, June 28, 2009

Extensive Tenant Screening

We have found that most managers will take the first person to walk in the door with a check. At Synergy, we have coupled our extensive experience with our firm guidelines to yield an excellent rental experience for both the renter and owner. In fact, a good manager should on some occasions actually advise the owner not to accept a tenant that they want to rent to!

Extensive tenant screening should include, but is not limited to: credit analysis, criminal background checks, employment verification, bankruptcy & eviction search, sex offender data base search, terrorist search, rental history checks, office interview, and asset verification if applicable. One should also be sure to make certain that the individual who the tenant is reporting as the landlord is verified as being the owner or a licensed agent. It is also recommended that the “landlord” be asked questions off of the warranty deed to prove he or she is the actual owner. Dead beat tenants can be extremely creative in their deceit. It is imperative to take your time in this vital area of management.


Consequently, we with good screening a manager should have eviction rates of 5% or less. The tenant base should be highly selective, which translates into below-average collection losses. The bottom line is that a good manager should treat their owner’s properties like they were their own. If you wouldn’t rent your own property to a tenant, what would that say about your character if you were willing rent a client’s property to that same tenant?



For Free Consultancy about Hiring Naples Rental Management pls visit this link

http://www.naplespropertymanagement.net/owners.html

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