There are 44 million renters in the U.S., which shows how necessary screening tenants are.
Outsourcing a company to screen tenants comes with a range of perks, from protecting your investment to sharing expertise. But if you're a new landlord, you likely have never dealt with the process yourself.
Not sure about outsourcing tenant screening? No worries, we'll help you make an informed decision. Here's everything you need to know.
Work With Experts
A major benefit of outsourcing tenant screening is that you hire specialists who understand the process inside out.
Property managers in Folsom, CA understand how to conduct a thorough tenant background check and how to spot red flags. The company will also complete a tenant credit check, verify their employment, and contact past references to ensure they're a good fit.
As a result, landlords will attract tenants who are more likely to care for their property and pay rent with zero issues.
Saves Time
Most landlords don't have time to collect tenant references or advertise their property. Let alone conduct a thorough screening process. Once you've chosen a tenant, property managers will check that they maintain your unit.
Cost-Effective
Although you will pay upfront for tenant screening costs, it's far cheaper than doing it yourself.
Completing a comprehensive check can take hours or even days, which isn't realistic if you have another job or can't meet candidates in person. Instead, hire a reputable property management company where they can screen tenants within a few hours.
Access the Latest Tools
When you outsource, you have access to the latest tenant screening software to streamline the process. Because of this, you get quick and up-to-date information, so you needn't dig for valuable data. Tenant screening software also produces accurate results to determine how reliable the tenant will be.
Consistent Screening
Property management companies have regulations and protocols to check prospective tenants. This means that it's impossible to cut corners and ensures that landlords get accurate results.
Aside from simplifying the process, it means that tenants will be screened at a higher standard. Meaning that only quality tenants will be accepted.
Fewer Errors
Another reason to outsource tenant screening is that it minimizes errors. There are multiple layers to the process, so it's easier to spot potential issues with applications. As a result, landlords are less likely to accept unsuitable tenants that put their property at risk.
Further, thanks to the managers' expertise, it's impossible for landlords to violate regulations like fair housing laws. This means you needn't worry about falling into legal trouble.
Outsource Your Tenant Screening Needs Today
Now that you're sold on outsourcing tenant screening is important, find a property management company to help you.
At Residential Equity Management, we understand how crucial it is to screen tenants for your property in Folsom, CA. With decades of experience under our belt, we know how to deal with your landlord's duties, making life easier for you.
Ready to get started? Contact us today to chat with a member of our team.
