Picture having tenants who pay rent late, damage your property, and cause constant stress. If you don't have a tenant screening process, this could become a reality soon.
About 90% of landlords use some form of tenant screening. However, completing this process alone can become time-consuming and exhausting. Instead, consider outsourcing.
Not sure if you need to start outsourcing tenant screening in Puyallup? Read on to discover the benefits today.
Comprehensive Tenant Information
If you gather tenant information on your own, you may feel in a rush to complete the process. You could focus more on the applicant's financial history than their background check. Outsourcing will ensure you gather thorough reports about each renter.
Your property manager will ensure no stone remains unturned. They'll request:
- Contact references
- Criminal histories
- Rental histories
- Employment histories
- Credit histories
- Eviction histories
These reports will help you make a more informed decision when you choose between applicants. You'll have peace of mind knowing you can trust the applicant with your rental property.
Save Time
Gathering the above information for one applicant could take days or even weeks. You're likely already busy with:
- Marketing
- Showings
- Maintenance and repairs
- Inspections
- Evictions
Outsourcing your tenant screening needs will save you valuable time. Your property management company can streamline this process. They won't cut corners, ensuring you still receive thorough reports.
You'll have more time to dedicate to your real estate endeavors or (if you have one) full-time job. As your property manager gathers these reports, you can avoid delays in lowering your vacancy rate.
Landlord-Tenant Law Compliance
You could get hit with a discrimination claim or lawsuit if you rush to reject a rental application. You must comply with anti-discrimination and landlord-tenant laws. Otherwise, the applicant can sue you.
Outsourcing this process to a property management company will protect your best interests. You can reduce your exposure to lawsuits by allowing a third party to step in.
Your property management company can help you navigate local, state, and federal tenant laws and procedures. Their legal services will help you remain compliant.
Improve Your Vacancy Rate
The vacancy rate in the US has increased between 2022 and 2024. As your rental properties sit vacant, you'll lose money.
Working with a property management company will make it easier for you to screen applicants. The sooner you gather tenant information, the sooner you can select renters. You can reduce your vacancy rate, improving your occupancy rate.
Once you find tenants you can trust, you can retain those tenants. Retaining tenants will boost your ROI.
Outsource Tenant Screening Today
You don't have to gather tenant screening reports on your own anymore. Instead, outsource! Hiring a property management company will save you time, money, and stress.
SJC Management Group has 30 years of experience helping nearly 1,300 happy property owners. We're dedicated to working tirelessly on your behalf.
Leverage our industry expertise and unwavering dedication to your success. Ready to say goodbye to the stress and anxiety of tenant screening? Contact us today and we'll take care of it for you!
