According to a recent report, there are almost 6 million people who are having a hard time keeping up with their rent these days. Collectively, these people owe about $20 billion in overdue rent.
Are you a landlord or a property manager? If so, you want to do everything possible to avoid renting your rental properties out to those who might not be able to pay their rent. Otherwise, you might have to deal with one huge headache after another when trying to collect rent from your tenants.
Using online tenant screening is one way to ensure that you’re putting the right tenants into place in your rental properties. You’ll be able to find out who the best tenants will be through the online screening process.
Is tenant screening something you would like to take advantage of when choosing tenants for your rentals? Then you should take the time to learn all about online tenant screening services.
Here is everything you need to know about online tenant screening.
Start by Finding a Good Online Tenant Screening Platform
Twenty years ago, there was no such thing as online tenant screening for landlords and property managers. Those with rental properties had to screen potential tenants on their own, and it was usually a time-consuming process.
But today, there are lots of good online tenant screening platforms that landlords and property managers can use. You should make it your mission to find the right platform for tenant screening for property managers and landlords. It’ll allow you to put tenant screening services to the test.
Create Custom Rental Listings With Your Tenant Screening Service
A good online tenant screening platform will provide you with the ability to create custom rental listings for properties you want to rent. These listings will obviously include information about the rentals themselves. But they’ll also include info on what requirements you’ll have for tenants in these rentals.
By creating custom rental listings like this, you’ll be able to instantly weed out those who aren’t going to be a good fit for your rentals. You’ll also be able to streamline the process of people applying for your rental properties.
Figure Out Effective Ways to Share Your Custom Rental Listings
Outside of giving you the opportunity to create custom rental listings, a good online tenant screening platform will also allow you to share your listings anywhere you want. You can go out and have these listings posted on any real estate or social media sites that you would like.
The more that you’re able to share your custom rental listings, the better your chances of landing great tenants for them. You shouldn’t be shy about sharing these listings in a variety of places to drum up interest in your rentals.
Invite People to Fill Out Applications for Your Custom Rental Listings
In the past, people interested in renting properties have always had to jump through hoops to put in applications for them. They’ve had to call landlords or property managers and arrange to meet them to fill out applications.
With the right online tenant screening platform, you’ll be able to avoid putting potential tenants in this position. Instead, they’ll be able to check out your custom rental listings and apply to rent properties right through them. It’ll make life easier on them.
It’ll also make life easier on you since you’ll be able to keep better track of how many applications are coming in for different rental properties. You’ll spend a lot less time fielding calls from those interested in your properties and more time sifting through their applications.
Review the Applications for Your Custom Rental Listings Quickly
Every time someone fills out an application for one of your rental properties, your online tenant screening platform is going to let you know about it. It’s also going to provide you with an easy-to-read online tenant screening report for you to review.
This report will let you take a closer look at:
- A credit report for someone who is applying to live in one of your rental properties
- Income certification for a potential tenant
- Criminal and eviction background checks for a potential tenant
- And more!
You can even have this report indicate when someone would like to move into one of your rental properties. It’ll give you pretty much everything that you need to know about someone so that you can decide if they would be a good fit for a rental property.
Choose the Best Tenants for a Rental Based on a Tenant Screening Report
As long as you use the right online tenant screening platform, you’ll be able to pick out the best tenants possible for your rental properties fast. You won’t have to worry about spending days or even weeks at a time going through applications.
You can also keep a close eye on where you’re at in the online tenant screening process at all times. Your online tenant screening platform will allow you to keep your applications organized. This will enable you to make smarter decisions overall.
In this day and age, it doesn’t make sense for landlords or property managers to try to do their jobs without using online tenant screening. An online tenant screening platform can provide you with all the tools you’ll need to get great tenants into your rentals.
Online Tenant Screening Makes Things Simpler for Landlords and Property Managers
As a landlord or property manager, you know first-hand how hard it can be to find the best possible tenants. Many people will put up a front and make it appear as though they’re going to be good tenants. But this doesn’t always end up being the case!
You can improve your chances of finding great tenants by putting an online tenant screening platform to good use. It’ll work wonders for your ability to locate the right tenants for your rental properties.
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