Finding great tenants has always been a challenge for landlords. You're taking a big risk if you sign a lease with the wrong person. That's why it's no surprise that professional screening services are on the rise, and more landlords are beginning to use them.
The question is, will outsourced tenant screening be the right choice for you? In this guide, we'll look at a few of the benefits of hiring a professional service. Keep reading to learn more.
Get Additional Services
Finding great tenants isn't only about the application process. It's also about targeting your rental to the right people to ensure you get qualified people applying.
Outsourced tenant screening services can help with this process by helping you optimize your listings. This means you'll be more likely to get qualified tenants and won't struggle as much during the screening process.
Save Time
Depending on the number of applications you get for your property, you may need to spend a lot of time going through everything. You must run a tenant credit check, background check, landlord references check, and other items to qualify tenants.
All of that takes too much time for the average landlord. A screening service can remove the work from your task list by offering streamlined tenant verification methods. Your screening service will ensure you avoid bad tenants without needing to spend too much time on the process.
Avoid Legal Problems
There are many laws that regulate what you can disqualify a tenant for. A lot of these regulations are from anti-discrimination laws. They restrict you from discriminating based on personal biases against protected groups.
Working with a reputable screening company helps you avoid these legal issues. They will take an objective approach when screening applicants and have processes in place to ensure the final decision is fair. As a result, you won't get caught off guard with unexpected legal battles.
Save Money
Yes, you'll have extra costs when you outsource the tenant screening process. However, you also have to consider what your time is worth and the additional costs when you sign a lease with the wrong tenant.
Challenging tenants can not pay rent, damage your property, and require costly eviction procedures. Working with a reputable screening service will improve tenant quality and help you avoid those costs.
In many cases, the money you save over time will make up for the added expense of outsourcing this process. And given enough time, you'll come out ahead.
Outsource Your Tenant Screening Process
Tenant screening is a much more complex process than you think. It involves advertising your property to attract the right people, running them through a screening process, and deciding which tenants offer the best chance of not causing problems and paying rent on time. Use the advice above to optimize your tenant application process and find great renters for your property.
If you're ready to find help with finding great tenants for your Jacksonville property, Green River Property Management can help. We offer tenant screening services along with our other full-service property management solutions. Contact us to get started.
