Tenant Screening Services in Memphis, TN

An empty Memphis rental house means an investment that isn’t bringing in any money. For this reason, many landlords rent out their houses as soon as they come across a tenant looking for a house, maybe at the expense of thorough tenant screening. Without tenant screening, you risk having a problematic tenant causing trouble and getting endless calls from angry neighbors.

With that in mind, as much as you may need a tenant to fill the empty house so that you can enjoy the benefits of your investment, skipping out on tenant screening also isn’t an option. Below are more details about tenant screening and why all property owners need to do it.

What Is Tenant Screening?

As the name suggests, tenant screening is the process of evaluating prospective tenants. In tenant screening, we analyze documents and verify information to help ensure that we identify potential renters who will not give us a hard time.

Some of the documents verified are rental applications or employment history, getting you information to give you an idea of tenants’ financial health. Though can be a time-consuming process, the results are worth it since you end up with an ideal renter who you enjoy serving.

Can Tenant Screening Help In Rental Property Management?

The old-fashioned and relaxed interviewing methods have led many landlords to future regrets. For this reason, landlords are encouraged to consider professional tenant screening services. Some of the ways the tenant screening benefits you include the following:

1. Keep Your Property Away From Criminals

One of the checks that we do during the tenant screening process is a criminal background check. This is primarily to see if there is a history of crime that could be detrimental to your property: property destruction, domestic violence, or burglary. Renting to a tenant with such convictions keeps your property at risk, especially if they happen to be a repeat offender. Tenant screening helps you avoid trusting such people with your property, saving yourself a lot of trouble.

2. Learn the Tenant's Payment History

When tenants are looking forward to living in your property, it can be easier to make promises for punctual payment. However, these promises sometimes go unfulfilled. For this reason, we do a reference check where we confirm whether the potential client has a record of paying rent on time. This is done by collecting the payment history from the previous landlord. Employment references also help us track the tenant's source of income in the earlier months. This way, we avoid renting your property to a tenant who always pays rent when it is way overdue.

3. Feel at Peace

One of the most stressful moments for landlords is being in a position where they are uncertain about their tenants. Tenant screening helps you clear such fears. If a tenant passes a tenant screening test, you are more likely to have an easy time working with him or her. This can give you better peace of mind and save you the worry of renting to someone you might regret in the future.

Some landlords or property managers avoid tenant screening since they fear that it will scare away potential tenants. However, a tenant ready to undertake the tenant screening could mean smooth sailing for your property management. With our tenant screening system, we ensure that we collect every detail needed to determine whether a certain applicant will be a quality tenant.

Contact Revid Realty today to learn more about our property management and tenant screening services to help you make the best informed decisions!