Thoughts on tenant screening
Things are quiet with the Fischer’s. Bruce did site a stripper pole in the living room of one of our tenants. I’ve been scouring airbnb for someplace interesting to spend a night closer to the next local BP meet-up. Not much news.
So almost a month ago I saw this article by Mark Ainley on BP - 10 Not-So-Obvious Ways to Thoroughly Screen Potential Tenants.
The tips that we follow:
- Photographing both pets and the drivers licenses. Having seen the ID is an important step to running the application through a screening company, and it can help the police later if a crime is involved.
- We look at tax records to find out as much as we can about prior addresses on both the application and the credit report. I have sent letters to the registered owners asking them to phone or e-mail.
- Ask them why they are moving.
- Attempt to keep the process moving. If they are a marginal candidate we’ll intentionally slow down, but strong and weak candidates find that out fairly quickly.
The tips that we don’t follow:
- We don’t ask to see cleared checks, because most of our applicants don’t use checks, or bank accounts.
- We don’t collect application fees, because we want the biggest applicant base possible, and this is our service to the poor. I often hear about local low income applicants who have wasted hundreds of dollars in screening fees, and that is a real shame.
Enjoyed the article, happy screening!
Comments (4)
I find by using MySmartMove, and having the tenant pay for the credit report, that elimaintes a lot of the undesirables from my tenant pool
Russell Brazil, about 9 years ago
I'm assuming you don't cater to low income. I need to keep undesirables in my pool, it's all a matter of degrees. My tenant pool is also incapable of making an on-line screening process work. Thanks for weighing in though.
Michele Fischer, about 9 years ago
I also don't collect screening fees. I can typically eliminate someone within 5 minutes using the free online screening tools available. So I also want a wide pool to capture everyone I can. Rather than taking a photo of the ID, I bring a laptop and a small portable scanner where I can scan in everything they bring -- SSI statements, photo IDs, pay stubs, bank statements, etc. Everything they give me I scan in. I'd rather have more information than less. I find it's next to impossible to get people to make photocopies themselves and this saves everything as convenient PDFs. I can't imagine doing it any other way.
Dawn Anastasi, over 9 years ago
Great tip Dawn!
Michele Fischer, over 9 years ago