How well do you know your Dickson, TN renters? If the answer is "not well," reconsider your rental application process. Without strong screening criteria, you could select unreliable and even troublesome renters.
Before that happens, develop a thorough tenant screening process. According to Consumer Reports, nine in 10 landlords review simplified summaries of each applicant's history. That's often not enough.
Instead of taking the DIY approach, consider outsourcing your next tenant background check. Not convinced? Read on to discover the benefits of outsourcing this task today!
Streamline the Rental Application Process
You may miss the chance to generate applications if the online rental application process is complicated or time-consuming. Instead, consult your property management company. They can develop a more efficient process online.
Streamlining this process will help you generate more applications. You'll open your tenant pool, allowing you to choose between renters.
Enhanced Screening Criteria
Outsourcing will ensure you follow detailed screening criteria. A thorough tenant history check should include:
- Employment verification
- References
- Rental histories
- Eviction histories
- Criminal background checks
- Credit scores
Unfortunately, do-it-yourself platforms don't always provide accurate information. In fact, The Consumer Financial Protection Bureau received 26,700 complaints between January 2019 and September 2022. Nearly 70% of the complaints were about inaccurate information.
Your property management company will follow detailed criteria. They'll gather up-to-date information.
Gathering detailed reports will ensure you make an informed decision before selecting renters. You'll have peace of mind knowing you're choosing reliable renters. You can retain these renters long-term to boost your occupancy rate and ROI.
Generate More Passive Income
Outsourcing your tenant screening process will save you valuable time and money. Otherwise, you may choose a problematic renter. These renters can cause landlord stress by:
- Damaging the property
- Ignoring your rental rules
- Not paying rent on time
You'll lose money if you need to make repairs. You may need to evict tenants, which can get costly.
It can take months to screen multiple applicants. Within that time, your rental properties may sit vacant. You'll lose the chance to generate revenue.
Outsourcing will ensure you quickly fill vacant properties. You can improve your occupancy rate, generate passive income, and boost your ROI.
Apply Professional Landlord Tips
Working with a professional property management company will ensure you apply the best landlord tips. You can rely on their experience and expertise to avoid making costly mistakes. Otherwise, you may fail to follow tenant screening laws, leading to legal trouble like fines and lawsuits.
Choose a full-service property management company. Rely on their other services to operate effectively and efficiently.
Outsource Tenant Screening in Dickson, TN
Without a detailed tenant history check, you could select a problematic renter. Before that happens, outsource your tenant screening process. Relying on a property management company can ensure you select trustworthy renters worth retaining long-term.
Look no further for an efficient rental application process. Our team at PMI Greater Dickson can apply detailed screening criteria to improve your occupancy rate.
Trust our commitment to enhancing the value of your investments through honesty, integrity, and communication. Contact us today to request a free consultation.
