Whether in an apartment complex or the home next door, we all have horror about bad neighbors. You know them as the ones who’ve had the loud midnight parties, barking dogs, and unclean areas. But to a property owner, they cause even larger headaches with unpaid rent and property damage.
As a property owner, these nightmares may be prevented by conducting thorough background checks on prospective tenants. Usually when prospective tenants are looking to lease on a property, chances are they have lived elsewhere with a documented background. This is where any red flags may come up that would indicate how good or bad of a tenant they may be. This is especially the case if there was unpaid damages at the previous property. Any complaints or pending legal action would appear on the report which would make a basis for denying them a lease on your property.
Surprisingly, many owners fail to take this simple, yet crucial step and end up with tenants who generate complaints and make life miserable for the rest of the community. This goes for not just residential living, but for business leases as well. Store or office tenants can also leave the premises with a trail of unpaid rent and physical damage to the property.
To avoid any of these scenerios that could result in massive costs, always do a thorough tenant background check before allowing the lease to be signed. This check should include references and credit checks as well to ensure that the prospective tenant has no outstanding issues that may result in your financial loss.
TruDiligence provides thorough screening checks so that you can feel secure with your prospective business or residential tenant. Contact us for more information on our comprehensive screening services and resources.