Is outsourcing your tenant screening process in Sarasota, FL a good idea? The short answer is yes!
When you outsource this process, you save time and money. You can mitigate your risk as a real estate investor by avoiding bad tenants.
Even more beneficial, your rental property management team can work hand in hand with a tenant screening service. This makes tenant placement fast and easy all while finding the best renters.
If you are considering tenant screening, this guide is for you. Keep reading to learn how you can benefit from these services.
Streamlined and Efficient
Outsourcing tenant screening services means getting a streamlined and efficient process. Tenant screening companies have the expertise to effectively screen tenants in a matter of hours.
They will know what to look for in background checks and can work with a property management company to find the best tenants for your units.
With all of the resources to conduct thorough screenings, you don't have to do any of the work. You will submit tenant applications to the screening company and they will handle things from there.
Access to Screening Services
Professional screening companies have access to tenant data that landlords don't. This leads to an effective screening process.
When you outsource to a professional company, you will have these services at your disposal:
- Background checks
- Tenant credit checks
- Criminal checks
- Eviction history checks
- Employment history check
- Rental history check
With comprehensive screening, you can make informed decisions about who to rent to.
It's important to follow tenant screening laws to avoid going against the Fair Housing Act. If you don't know the laws in your area, a professional property manager will.
You can rent to tenants who have no criminal records, are financially stable, and have a history of on-time rent payments. Keep your criteria the same for every tenant to avoid a discrimination lawsuit.
Reduction of Liability and Risk
Tenant screening costs are worth it for many reasons, but especially to reduce your liability as a landlord.
Landlords are responsible for the safety and security of their properties. If you rent to a tenant who damages the property or doesn't pay rent, you might be held liable.
Professional tenant screening services help minimize the risk of problematic tenancies. It also helps ensure a safe community for the rest of your renters. This is why many landlords avoid renters with criminal records.
Talk to your property manager about what criteria are within the law.
Let Us Help With Tenant Screening in Sarasota, FL
Hiring a property management company that can work with tenant screening services is beneficial. These professionals will ensure you are renting out to ideal tenants.
Gulf Coast Property Management helps property owners like you rent out property. We can bridge the gap between landlords and tenants through tenant screening and other management services.
With 20 years of experience in Sarasota counties, we are equipped to help landlords like you. Contact us today to unlock the full potential of your property investment with our beneficial services.