Last September, the Las Vegas Metropolitan Police Department delivered over 1,000 eviction notices. There were also almost 1,500 lockouts during the same period.
Many evictions are the result of homeowners trying to reclaim their property. This usually occurs after tenants fail to pay their rent over an extended period. One homeowner reported fighting for her property for over one year.
This doesn't have to be your experience. Tenant screening can help. It will allow you to find out as much as you need about potential tenants before you make a final decision.
Read on to find out more reasons to screen tenants.
1. Get Information About Their Financial Situation
The most common reason for evictions in the US is due to non-payment of rent. Nevada isn't an exception. If you have an idea of your potential tenant's financial situation, you might be able to avoid this.
Their credit score might be a good indication of their ability to pay. Reviewing their full credit report may also highlight any warning signs.
2. Avoid The Eviction Process
A survey of landlords and tenants across the US revealed that Nevada's eviction process is one of the fastest in the country. The courts will grant evictions by default if a landlord files first when an eviction notice for unpaid rent expires.
However, in some cases, it can take a lot longer. During that time you won't have access to your property. You'll also lose out on potential income.
3. Protect Your Property
Doing a criminal background check is an important part of property management. It will give you access to a rental applicant's criminal history. and allow you to make a more informed decision. You can determine if you're comfortable renting your property to them.
It's better to know this history beforehand. Any glaring items on their record can protect your property. It can also protect your neighborhood as well.
4. Protect Other Tenants
A criminal record can give you an insight into the kind of person you'll be renting to. If you own an apartment complex or you're managing rental properties this is very important.
It won't only potentially protect your property, it can protect other tenants as well. This helps you avoid renting to someone with a violent history.
5. Give Yourself Peace of Mind
Every landlord or property manager wants a hassle-free experience with their tenant/s. Screening tenants can help. But you might be wondering exactly how to screen tenants.
Making the following documents part of the rental application process might help:
- A credit report
- A criminal background check
- A sexual offense report
- References from past landlords
These references will let you know if they've had a history of evictions.
Tenant Screening for a Hassle-Free Rental Experience
Renting a property is a great way to earn extra income. But you wouldn't want it to end up costing you more than it should. This can happen if you rent to the wrong tenant.
A bad tenant can cause property damage or simply stop paying rent. You can avoid a long eviction process with tenant screening. It's one way you can safeguard yourself and your property.
Avalon Realty and Oaktree Management can take care of the tenant application process for you. Contact us today!