Tenant Screening has real advantages for reducing your risk to and tenant turnover grossiste france , to improving everything from cash flow, profits, and your chances of sleeping at night -- tenant screening has become an integral component of smart landlords' standard procedures.
Why Pre-screen Tenants?
Because when you lease your property to a complete stranger, you are putting yourself at great financial risk. Knowing your prospective tenant's previous rental, credit and job history is essential when determining if they will be an acceptable risk.
Landlord Risks
Your new tenant could pay rent late--or not at all. They might steal or damage your property. They could abandon your rental unit with no notice, owing you back rent. We've all heard stories of bad tenants taking appliances and light fixtures when they move out--you don't want that to happen to you!
And there's risk to surrounding neighbors grossiste basket france , as well. Being unaware of a person's criminal history before placing them in your rental property is just not a good idea.
Not only are neighboring adults and children at risk of being harmed, but you, as the landlord, could be held liable for your tenant's actions. In a litigious society, mitigating your chances of being sued is absolutely necessary.
What Landlords Need to Know
Is the prospective tenant employed? If so, how long have they been with their employer? Job stability is a favorable sign. How strong is the tenant's credit history? Are there liens and judgments against them? What about previous evictions and other legal problems? Has the prospective tenant been convicted of any crimes--and if so chaussures france , what was the offense?
What a Tenant Screening Report will Reveal
Prescreening tenants will show whether your applicant has a favorable history with previous landlords, allowing you to avoid tenants with a history of late payment or evictions.
Tenant screening will reveal whether the prospective tenant pays his or her bills on time, including credit cards and loans. It will also reveal outstanding judgments or bankruptcy filings, as well as previous addresses to compare with those supplied on the application.
A tenant criminal background check will ensure that your prospective tenant's information is correct--such as name, Social Security Number, and current address. It will also tell whether the person has any criminal record at the state basket france , county, and national level (subject to state law).
You'll know whether the applicant has been convicted of a crime or not, along with the type of offense, date, and locality. Sex offenses are also reported, but information varies by state. Finally nike dunk france , tenant background checks reveal any aliases used, incarcerations, and whether the potential tenant has been placed on federal terrorist watch lists or is listed as an international narcotics trafficker.
Things to Remember
You must obtain the applicant's permission to conduct a tenant background check--which can be a standard part of your application procedure. The notification must be a separate document, however. Also, all information you learn from a credit report must be held in strictest confidence, and never shared with third parties. Your applicant may have a right to the report--check your state's guidelines and the Fair Credit Reporting Act (FCRA) to be sure you are compliant. If you reject an applicant for credit reasons nike cortez france , you must advise them in writing. E-Renter can handle your background screening to ensure you are within the guidelines of the FCRA. So, you are thinking about making a land purchase? Great! Land can often been a good investment, depending on the location andor size of the property.
There are some important things to consider when you are buying land.
Ask yourself some of these questions and do your homework:
Is the property in a good location? What is the neighborhood like?
This is important for investment reasons and future resale. A desirable location might depend upon the condition of the neighborhood or distance from shopping or recreational activities. If the neighborhood is not desirable, then that may affect the future value of the property.
Does land value adequately appreciate in this area?
This also relates to the location. Some areas appreciate a lot faster than others. For example, waterfront property may appreciate at a higher rate than off water property. Also, land in more populated areas with good job opportunities basket jordan france , will hold and appreciate in value faster than property in poorer regions of the country.
Is there a home owners association? If yes, what are the duesfees?
Home owner associations can often be a good thing, but at a cost. Association fees can range from as little at $20 per year to $1000's per year, depending on the type of HOA it is. This is something to take into consideration if you are buying property for investment reasons. Will the rate of appreciation offset the cost of these fees over the course of ownership?
What are the land use restrictions?
These restrictions can be county, township, agricultural nike free france , commercial or association restrictions. For example, some areas may not allow mobile homes to be placed on property. This is a common restriction throughout many areas. Other areas might restrict the size or color of your home. Restrictions will vary, depending on the location of the property.
If it's a larger parcel of land, can it be split?
If you are buying a larger parcel of land for investment purposes, you may want make sure that some splits are available for the property. Without split rights, they property can only remain as one parcel and not sold into smaller pieces. Laws very on split rights per state and often per township nike shox france , depending on the local zoning.
Does the property come with the mineral rights? (This applies to larger parcels).