Are you struggling to find reliable tenants you can trust to pay rent on time? You're not alone. About 90% of landlords use tenant screening reports to find great renters.
Unfortunately, these reports aren't always accurate or up-to-date. It can also take weeks to screen one applicant. Instead, consider outsourcing.
On the fence about hiring a property management company to screen applicants? Read on to discover the benefits of this service!
Find New Tenants
How many of your investment properties are waiting for renters? The rental vacancy rate in America is over 6%. The longer you take to find and screen new tenants, the more income you'll lose.
Instead, hire a property management company that offers marketing services. They'll generate more visibility for your investment properties. Their services will increase your tenant pool.
This will give you your pick of renters. You won't feel desperate to select anyone who applies.
The best property manager knows how to personalize marketing messages. They'll appeal to renters who suit your needs and expectations.
Gather Comprehensive Information
If you feel rushed to fill vacancies, you may only assess an applicant's ability to pay rent. There are other issues to consider, though.
Online tenant screening platforms only provide vague "yes" or "no" recommendations. They don't tell you why an applicant is a good choice. A property manager, however, can collect comprehensive reports.
They'll consider each applicant's credit score, eviction history, and criminal background. They can even call their previous landlords. Gathering this information can help you make a more informed choice.
You can avoid renters who have a history of causing property damage. Avoiding these renters will minimize your future expenses and stress load.
Save Time
Screening even one applicant can take days. When gathering more comprehensive reports, it can take over a week. Outsourcing will save you time.
The best property manager will already have a tenant screening process established. They'll ensure efficiency without cutting corners. They'll gather the information you need in a fraction of the time.
Completing this process quickly will help you fill a vacant rental property as soon as possible. You can start generating rental income without delay.
Remain Compliant
You could unintentionally ignore landlord-tenant or anti-discrimination laws when selecting renters. To remain compliant, outsource. An experienced property manager will have a deep understanding of local laws and regulations.
With their help, you can avoid legal issues, including lawsuits. Remaining compliant can reduce the risk of a fine.
Generate More Rental Income
Outsourcing will ensure you fill vacant properties quickly. You can improve your occupancy rate and generate more rental income. You'll save money on expensive do-it-yourself platforms, which can improve your ROI.
Request Tenant Screening Services Today
You don't have to waste time reviewing applicants alone. Instead, outsource your tenant screening needs. An experienced property management company can handle this process for you.
Renters Warehouse Richmond is the top residential property management company in the area. Our team can make renting your property a worry-free experience.
Rely on our experience and comprehensive services to boost your ROI. Contact us now for tenant screening services.
