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Tenanant Screening Tips

By
Services for Real Estate Pros with Verify Tenant

TENANT SCREENING TIPS

1. Always use a preprinted rental application whether it is our generic form or a special company printed form.

2. Full Name: Should include first, middle and last names and any generation, such as Jr, Sr, etc. Include all nicknames and aliases previously used. Do this for all persons to occupy the property. Check to make sure that the drivers license, pay-stub, social security information match up.

3. Date of Birth: Obtain a birth date for each person and likewise verify the with IDCheck or Credit Report.

4. Driver license Number and State: Know what a valid license looks like and examine the driver license for genuineness. Be sure to check the full name, the address, the date of birth, the driver license number, the signature and most of all, the picture. Compare all these items with the data on the rental application form and with the physicality of the applicant. Also IDCheck will verify the applicants drivers license number and state of issuance.

5. Employment History: Get the business's name, supervisor's name, phone number and business address. Ask for copies of applicants pay stubs. Confirm and cross-reference all information with original application. If the prospective tenant is self-employed, ask for copies of tax returns. IDCheck may provide the name & date of Employement.

6.Reference Verification:Have at least three references of persons who know the applicant for a minimum of three years. Make sure the references are checked and confirmed. Although most references will not say something bad about applicant, references can be used as good sources for skip tracing should it be needed later.

7. Landlord History & Movement Patterns: Get the names, addresses and telephone numbers of last three Landlords. It is important to check present and prior landlords, however our professional screeners our careful as present landlord may not provide negative information in order to get rid of problem applicant. IDCheck also reports all addresses on file for applicant for the last 10 years.

To see the rest of the article you can go to http://www.verifytenant.com/Documents/TenantTIPS.pdf

Good Luck
Ivan Warman
www.verifytenant.com
www.rightabouthomes.com

 

Comments (1)

Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

Good post.  Thank you!  We use many of the same recipes for success in our property management division.  You can never be too careful....

Nov 21, 2008 04:49 PM