If you own an investment property, there are always risks involved when taking on new tenants.
Landlords generally file 3.6 million eviction cases annually. An eviction is a costly process that can also be time-consuming. If you're a Utah-based property owner, one of the best things you can do is hire a property management professional that can assist you.
One of the main services these professionals provide is tenant screening. Here's how Utah tenant screening service can help property managers.
Screenings Make Sure They Can Afford It
Your tenant background checks will let you know if you're accepting people who can afford the rent. A property management company that requests months of bank statements, tax returns, pay stubs, and other proof of income can save you from huge mistakes.
Bringing in people who can't afford the rent makes you more likely to deal with defaults, evictions, and other issues.
You'll Learn Their Rental History
When finding tenants in Utah, you must also consider their overall rental history. This means finding out how often they were late with rent and whether they ever had disruptions or violations.
The background check will find out if they've ever been evicted, filed for bankruptcy, or otherwise had huge financial miscues. Knowing these sorts of things upfront will help you disqualify high-risk renters, which protects your investment.
It'll Confirm Their Identity
Half the battle is also to find out if a person is who they say they are. This is why Layton property management companies run screenings and double-check peoples' identity, social security number (SSN), previous residences, and other forms of identity.
We live in an age in which identity theft and fraud are commonplace. Running this background check will help you avoid people who are evasive about their identity or flat-out attempting to defraud you or others.
They Involve Criminal Record Checks
When hiring property management companies in Utah, expect them to run extensive criminal history checks. These background checks will help you look into whether a person has been charged and convicted of any crimes in the past.
This is particularly useful in choosing the right tenant because you'll be better able to find people who are honest and trustworthy. These criminal record checks extend to the entire country, so you will be able to find out if they were convicted of crimes outside of Utah.
Utah Tenant Screening Made Simple
Taking advantage of Utah tenant screening helps you place the right people in your property. Knowing who you are dealing with is half the battle, and you are better able to do that when you decide to work with a property management company.
In addition to tenant screenings, property managers also perform services like collecting rent, marketing your properties, and handling maintenance requests.
PMI Home Team is top-notch, skilled, and experienced. If you're in the Layton area and need help vetting your tenants, we're the company that you need to rely on. For any questions, shoot us a message or call 385-424-0020.