Tenant Background Screening
Rental property asset protection is a must in today’s economy. So too is asset enhancement. So how can you protect and enhance the value of your rental property assets? Through a robust tenant screening program. In today’s litigious society, the care and due diligence you exercise at the outset of any prospective business arrangement will have an overall impact on the success of that arrangement, its value proposition and return on investment. Properly constructed and administered screening programs enhance the value of the proposition and the associated asset(s) by creating an atmosphere of tenant excellence. This excellence often translates into greater property/unit care by properly screened tenants and the attraction of similarly qualified tenant applicants to your property(ies). Protecting the interests and well being of existing tenants is but a further enhancement to the overall tenant screening program, by preventing “unsavory” applicants from securing tenancy, and greatly reducing your risks of negligent retention/tenancy.
The most vital components that should be screened for are:
- Identity Verification (SS# Search)
- Income Verification (Verification of applicant’s current employment)
- Credit History (Summarized or raw credit history from one of three national credit reporting agencies)
- Criminal History Search (State/county criminal in areas of disclosed and developed residence)
- Criminal Comprehensive Search (Convict/inmate and violent/sexual offender records)
- Litigation History (State/county eviction court and/or civil records search)
Enhanced screening offerings may include:
- Professional Licensing Search (Confirms professional credentials status of a tenant applicant)
- Homeland Security (Patriot Act) Search (Identifies individuals named as international terrorists, fugitives, and/or associates of international organized crime, money laundering and drug cartels)
Accurate Information Systems, Inc. is an industry leading background screening company dedicated to the needs of the property owner and management professional. Allow AIS the opportunity to discuss a tenant screening program that meets and exceeds both your current and future needs.