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A recent study found that 44.1 million Americans are renters. For many people buying a home is simply too expensive, so instead, people are left with the option to rent an apartment.
As a landlord, you’ll need to know if an applicant has participated in previous criminal activities; that way, you know if he or she is a danger to other residents. Plus, it’s good to know if an applicant has a good credit history. That’s why tenant screenings exist to give landlords important information about applicants to decide whether or not to approve the lease.
However, how do you select a good tenant screen service? Don’t worry, with this guide you can find out all you need to know! From following FCRA procedures to offering various products, you can learn how to choose the best tenant screening company today.
Now, are you ready to get started? Here are a few tips for selecting a tenant screening service:
Must-Follow FCRA Procedures
Since tenant checks are deemed consumer reports under the Fair Credit Reporting Act, the screening company must be in compliance with the guidelines of the FCRA. So make sure you ask for information about how the company adheres to regulations. After all, you don’t risk working with a company if they don’t follow the proper legal standards.
Also, inquire about the adverse action process if a landlord does not wish to rent to a potential applicant based on information in the tenant screening. This information can help you decide if a company uses legal tactics and protocols to locate, assess, and report information.
Has Clear Pricing And Is Worth The Price
A good tenant screening company should have its prices outlined on its website. That way, you know what their services will cost you without having to call and ask. It makes searching for a tenant screening service easy and efficient.
However, be aware that most companies provide competitive pricing, so don’t just choose the cheapest. Instead, research the company and see what previous customers have to say. Look at reviews on sites like Google Reviews, Yelp, and Trustpilot.
After all, you can learn if the company provides accurate and complete information about renters. That way, you can gauge if the company is worth the price.
Offer Various Products
No one wants to chase down several different screening reports from various vendors. Instead, it’s easier if a company can supply all the information you need. For example, tenant credit checks, criminal background checks, and eviction reports should all be standard in a company’s services.
If they don’t, avoid these screening services. After all, you’ll not only have to find another vendor but spend more money to get the information you need. It’s simply not worth it to buy each report individually when companies offer them altogether.
Hire A Tenant Screening Company Today
Finding a tenant screening company may seem difficult, but thanks to this guide, it’s not. All you have to do is ensure the company follows FCRA regulations, outlines their prices, and offers various products to choose from. That way, when you purchase screening services, you know that they’re in compliance with legal standards and the information is accurate and complete.
So what are you waiting for? Purchase tenant screening services today!
If you’d like to know more about our tenant screening, contact us. We look forward to helping you!
