Last year, there were over 15,000 eviction cases in Orange County. The eviction process often results in the forfeiture of at least two months' rental income.
Conducting a tenant background check could help you avoid this. It also reduces the chance of property damage or your rental becoming a crime scene.
Tenant screening provides the financial, criminal, and eviction history of applicants. You can make a more informed decision when choosing a tenant.
Many Orlando property management companies provide these services. Read on for an overview of what this entails and the requirements to look for when choosing a company.
Best Tenant Background Check for Orlando Landlords
Florida criminal records are public and accessible to landlords. There are also no restrictions on their use under the Fair Credit Reporting Act. However, you must receive signed consent from a prospective tenant.
Orlando rental checks usually include:
- Identity verification
- Employment verification
- Credit reports
- Criminal records
- Eviction history
- Rental history
These criteria help assess an applicant's financial stability and potential risks.
What to Look for in a Tenant Screening Service
What should you look for in a tenant screening service? Start with a list of requirements to compare different companies. Here are a few you may want on your list.
Accuracy and Depth
An in-depth, accurate tenant screening report is important when vetting potential candidates. Most tenant screening companies offer tiered packages. More comprehensive checks are usually priced higher than standard packages.
Although important, there are other factors to consider along with pricing.
Compliance
The tenant verification service you choose should also adhere to Florida laws. The information they provide should be legally and ethically gathered and used. These standards safeguard you and the prospective tenant.
Timeliness
What's the key to surviving in a competitive rental market? Lessening your property's vacant periods to increase your return on investment.
You'll want a property management company that delivers timely credit reports. You can then review and respond to applicants, allowing them to move in quickly.
Use of Technology
Orlando tenant services that integrate screening into their workflow should top your list. Technology makes lease generation, signing, and payment facilities more efficient.
A landlord portal gives you access to the signed lease and tenant details. It also helps to manage and track rent payments.
Benefits of Using a Professional Tenant Screening Service
Effective tenant screening requires effort and can be time-consuming. It can be an overwhelming task especially if you have many rental properties.
Professional tenant screening services save time. They also reduce the risk of problem tenants and evictions.
You'll also be protecting your investment. Having good long-term tenants helps maintain the condition and value of your property.
The Best Orlando Tenant Services to Protect Your Investment
A tenant background check helps landlords avoid property damage and rent collection issues. It also minimizes the chances of your property becoming a hub of criminal activity.
However, comprehensive tenant screening can be time-consuming making managing many properties challenging. Professional tenant screening services can solve this problem. They also safeguard you and your property.
Right House Realty can help you find the right tenant and ensure a successful rental experience. We can also handle property maintenance and rent collection.
Let us make property management easier for you. Contact us today!
