A thorough tenant screening process can serve as a valuable asset for real estate investors, helping to ensure on-time rent, a well-cared-for property, and a decrease in vacancies. The process should include the basics of who a tenant is, such as where they work and what they make, as well as a more detailed screening of criminal records, credit score, eviction history, and possibly a search of the sex offender registry. A good checklist includes: general tenant verification, criminal background checks, credit score checks, and eviction reports. It never hurts to meet in person to ask additional questions regarding pets, smoking habits, and extracurricular activities.
