Don’t Be Victimized by Fraudulent Tenancies: Protecting Properties While Supporting Responsible Renters

Don’t Be Victimized by Fraudulent Tenancies: Protecting Properties While Supporting Responsible Renters

The Importance of Tenant Screening

Tenant screening isn’t just about protecting the property—it’s about fostering a strong landlord-tenant relationship. By taking the time to carefully vet each applicant, we ensure that renters are set up for success in their new homes while owners can feel confident about their tenants’ ability to meet the financial requirements of their new lease.

Here’s how our process works:

1. Identity Verification
2. Photo ID: Collecting a photo ID helps confirm the applicant’s identity and ensures it is up to date.
3. In-Person Showings: All applicants are required to view the property in person, fostering transparency and ensuring they are comfortable with their new home.
4. Financial Stability
   Our goal is to match qualified renters with their new home, without creating financial strain:
5. Bank Statements: Reviewing three recent statements confirms income consistency and current financial habits, such as paying rent timely.
6. Pay Stubs: Cross-checking pay stub deposits with bank statements verifies income reporting accuracy.
7. Tax Documents: A prior year’s IRS document (1040, W2, or 1099) adds additional confidence in the renter’s financial stability.This process helps to ensure renters are matched with homes they can comfortably afford.
8. Strong References
   References provide crucial insights:
9. Landlord Reference: Speaking with a previous landlord helps confirm a renter’s reliability and care for previous properties. We try to explore all angles when speaking with references to paint a picture of the applicant’s tendencies.. If the reference is an individual, we cross-check their name against property records to ensure they truly own or manage the property. If it’s a management company, that often adds an extra layer of credibility.
10. Employer Reference: Verifying employment adds assurance of job stability, creating confidence for both renter and owner.
11. Credit and Background Checks

Credit checks help assess financial responsibility, while background checks provide peace of mind for both parties.

Promoting Transparency with Consistency Checks

Our thorough review process ensures accuracy and builds trust by identifying and addressing inconsistencies in application materials early on. For example:

• Do pay stub deposit dates match actual bank deposits?
• Are addresses consistent across all documents?
• Do bank statements reflect timely rent payments?
  

By addressing these details upfront, we foster trust and minimize misunderstandings.

Setting Up for Success at Move-In

Our move-in process ensures a smooth transition for renters and owners alike:

• Utilities and Insurance: Renters set up utilities and obtain renter’s insurance prior to move-in, protecting their belongings and the property.
• Photo ID Verification: Ensuring the correct tenant takes possession of the property provides peace of mind for everyone involved.
  

A Win-Win for Renters and Owners

Our tenant screening process is designed to support both parties: renters feel confident that they’re moving into a well-managed property, and owners know their investment is in capable hands. By taking the time to match the right tenant with the right property, we create a positive rental experience for all.



If you’re ready to experience the benefits of professional property management, contact us today. Let us help you safeguard your property while supporting responsible renters!