Is outsourcing your tenant screening process a good idea? Yes, and for many reasons!
Tenant screening can help Austin, Texas landlords find quality tenants. If you don't have time to complete the screening process on your own, save hours by outsourcing.
Keep reading to learn why you should delegate this task to a professional property management service.
Streamlined Tenant Screening
The tenant screening process is tedious and many landlords don't have time to complete it. Outsourcing these services ensures a streamlined and efficient approach.
A property management company will work with a reputable tenant screening service that has the required expertise to screen tenants effectively. They know what to look for and have the resources to conduct a full check.
Your property manager can submit tenant applications to a screening company. All you have to do is sit back and relax.
Access to Comprehensive Services
Tenant screening is much more than checking the facts of an application. Professional screening companies have access to a wide range of tenant data to provide landlords with efficient screening.
When you outsource, you'll receive information about the following:
- Background check
- Criminal check
- Credit check
- Employment history check
- Eviction history check
- Rental history check
With this information, you can make informed decisions on who to rent to. The best tenants are financially stable, pay rent on time, and have no criminal records.
Cost Savings
Tenant screening services save time and money. Trying to screen tenants on your own is an expensive process.
Collecting applications, running background checks, and verifying references can cost you a significant amount of money. When you need access to this data, you likely have to pay for it.
Outsourced services sort out the mess. Although hiring a property management company and working with tenant screening services costs money, a property manager might be able to get you a discount with their network of contacts.
The money you spend on these services will help you see a quicker return on investment.
Liability and Risk Reduction
Landlords are responsible for the safety and security of their properties. If a tenant damages your space or fails to pay rent, you might be held liable.
It's important to know the local laws in Austin regarding the tenant screening process to stay compliant. A local service will help you mitigate your legal risk by ensuring thorough background checks.
To legally screen tenants, you have to have their consent. A property manager equipped to handle leasing management will make sure this happens. They can add a clause in the lease that asks for an applicant's consent to screen.
With the right team of experts by your side, you'll minimize the chance of problematic tenants. You'll keep your property safe and improve tenant satisfaction.
How Property Management Can Help With Tenant Screening
When you outsource your property management duties to a professional company, tenant screening services will be included. Outsourcing means streamlined processes, comprehensive services, cost savings, and risk reduction.
Monte Davis Property Management is a full-service company with years of experience in the industry. Our specialized local services in Austin, Texas include tenant screening, marketing, accounting, and more.
Contact us today to learn more about how we help property owners.
