Rental Property Tenant Screening Process
The last thing any landlord or property manager wants to have to do is evict a tenant for not being able to make timely monthly lease payments.
Another major cause of anxiety most landlords have with managing their own rentals, is worrying about their property’s condition and whether or not the tenants are following through with the regular maintenance requirements that are outlined in the lease.
There is nothing worse than having to invest thousands of dollars rehabbing a property every time a renter moves out.
While it is hopeful that our targeted online rental marketing campaigns would attract the most qualified and trustworthy tenants, Shelter Realty’s property management clients are relying on our experience and insight to protect their Las Vegas investment properties.
The Qualification Process:
To reduce the risk of having to perform an eviction, we have the following tenant screening systems and checklists in place:
- Here is our full Rental Application Qualifications which include:
- Credit Check
- Criminal Background Check
- Employment Verification
- Income Verification
- Rental History Verification
Today’s real estate market is producing an unprecedented amount of foreclosures. Many homeowners are losing their homes and they will have no choice but to rent or move in with family or friends.
Especially with the current economic situation in Las Vegas, the general expectation is that many applicants will have some type of negative mark on their credit due to a recent foreclosure, short sale or bankruptcy.
Either way, it’s imperative that the property manager thoroughly reviews their credit to look for signs of credit abuse, previous evictions, unpaid utilities, a history of numerous late payments or any other patterns of defaults.
The Final Decision Process:
To ensure that there aren’t any fair housing laws violated, each applicant is graded on an unbiased point system that takes into account their income, credit, rental history and several other factors.
This “score card” determines if the tenant is approved, approved with a larger security deposit or denied.
While Shelter Realty will accept input from our landlords, we take special precautions to ensure our staff and landlords are not violating any one’s rights as set forth in the Fair Housing Act.
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