PROPERTY MANAGEMENT FAQ- How do you screen new tenants? How do you know who to pick?

By
Property Manager with Florida Management and Consulting Group, Inc.

 

Questions that we are frequently asked as property managers in South Florida:

 

   How do you screen new tenants? How do you know who to pick?

We screen tenants for the Personal Character History in the areas of credit (how many and how do they pay their obligations), criminal (have they ever been charged with a crime – and do they confess it when asked), eviction (have they ever had an eviction filed against them or refused to pay rent for any reason), registered sexual offender status (have they had problems in this area in the past). Once a prospective tenant has demonstrated that they have good character traits we assess their prospects for how reliable they will be going forward into the future. It is more art than science.

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Rainmaker
423,881
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes
You know, I have worked with a couple of property management companies, and they both did things a little differently from each other. On was a large company, and they were very strict and by the book. No leeway whatsoever. The other didnt look at credit scores o cii l backgrounds. They looked more at landlord references and job history.
Aug 27, 2012 07:50 AM #1
Rainmaker
153,983
Florida Management and Consulting Group Inc.
Florida Management and Consulting Group, Inc. - Coral Springs, FL
Real Estate Brokerage and Property Managers

Good point Jean. Especially nowadays, credit scores don't always tell the whole story.

Aug 27, 2012 07:55 AM #2
Rainmaker
3,024,690
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Dave - Thank you for sharing detailed quality information about how do you screen new tenants, how do you know who to pick.

Aug 27, 2012 08:48 AM #3
Rainmaker
1,258,896
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I Google first, Fb second and then I use my tenant screening service.....verifying the information on their application is critical including getting copies of their employment pay-stubs, tax returns for self-employed, or 3 months bank statements

Aug 27, 2012 09:20 AM #4
Rainmaker
1,052,546
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Always have to check them out.  I run their name in public records to see if any criminal or evictions pop up.  also search their name in Google because it will often bring up old mug shots and criminal misbehavings too.

Aug 28, 2012 07:59 AM #5
Rainmaker
1,052,546
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Florida flag  Featured Article - Florida Real Estate Investors group

Aug 28, 2012 08:01 AM #6
Rainmaker
153,983
Florida Management and Consulting Group Inc.
Florida Management and Consulting Group, Inc. - Coral Springs, FL
Real Estate Brokerage and Property Managers

John- Your welcome!

Wallace- Good advice as always!

Rob-It is hard for someone to hide something nowadays with the internet....Thanks for the feature!

Sep 03, 2012 11:24 AM #7
Rainmaker
871,603
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Screening tenants is one of the most important and often overlooked procedure of landlords, best to hire an experience local property manager.

Feb 23, 2014 09:47 PM #8
Rainmaker
153,983
Florida Management and Consulting Group Inc.
Florida Management and Consulting Group, Inc. - Coral Springs, FL
Real Estate Brokerage and Property Managers

Very true David. It is probably the biggest challenge for those rental property owners who are trying to do it themselves.

Feb 23, 2014 11:12 PM #9
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Rainmaker
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Florida Management and Consulting Group Inc.

Real Estate Brokerage and Property Managers
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