KeyCheck used for MTR Owner-Occupied SFH (1 tenant with own 1bdr/1bath)

[Shawn C.]

Hello MTR landlords!

I've decided to use KeyCheck for my MTR listing on FurnishedFinder, and I understand that KC offers criminal background check, credit report, and eviction history. I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.

For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides?  For example, there's an Employment Verification Form, Forwarding Address Form for Deposit Refund, and so forth, that you can request your tenant to fill out.

I want to make sure I'm not missing anything (as well as protecting myself) but also don't want to over-burden the tenant.  And it seems like I have to decide which KC plan to purchase before I can look at the documents that are available.

Does anyone have suggestions on additional documents that are a "must" for my situation?

Thank you!

[Wes D.]

Hi Shawn, I use KeyCheck's lease agreement (and lease addendum, as needed), and background screenings. I haven't felt the need to verify employment; I figure that if they have good credit with multiple lines in good standing--and no evictions--they've demonstrated their ability to pay on time. Once they're near the end of the lease, I request a forwarding address to return the deposit.

So far, so good.

Best of luck,

Wes