Tenant screening is more than just a process, it is a must for physical and fiscal security of your condo property and every condo management company in Houston should have experience in this area. Screening protects the residents, be they owners or tenants and protects the property in terms of fiscal matters.
Does your condo management company know how to legally screen tenants?
Tenant screening when done properly and by professionals like the staff at RISE, a Houston condo management company, is completely legal and provides the protection and security you deserve. There are five basic areas that good tenant screening covers and you will find this to common across the Houston area when talking with a condo management company.
- Request an application and have an application fee
- Run a credit check
- Run a background check
- Call past rental or mortgage references
- Verify employment
A good condo management company knows that tenant screening when performed in this manner with standards in place that perspective tenants are aware of such as a 600 credit score, or 3x monthly rent in income per month are sound ways to perform tenant screening. Check out this article from the American Apartment Owners Association for best practices https://www.american-apartment-owners-association.org/property-management/tenant-screening/best-practices-use-tenant-criminal-history-to-screen-tenants/
When should my condo management company start the screening?
Most condo management companies, like RISE in Houston will tell you tenant screening really does start with that first contact, be it by phone or in person. Pre-screening questions can be woven into the general conversation and any red flag can be addressed later in the process. You might ask questions like:
- What’s bringing you to make a move?
- How long have you been in your current home?
- What do you like best about where you’re living now?
- Is this closer to your job?
Condo management companies find these little conversational questions can be a real asset in tenant screening. Companies like RISE have professional staff trained in screening potential residents.
How does a condo management company use tenant screening to protect fiscal security?
The condo management company knows that tenant screening doesn’t just provide physical security, it also provides fiscal security. Anyone who has ever owned rental properties can tell you how expensive and time consuming it can be to evict a tenant for non-payment or excessive damage to a property. That same person will also tell you that tenant screening is the key to getting sound tenant who meet their fiscal obligations, yep, they pay their rent!
Want more information on condo management company techniques for tenant screening?
This is just a low level view of tenant screening the advantages, find out more by contacting RISE Management. Give RISE a call and explore what RISE can do for you in providing tenant screening and more. You can visit their website at riseamg.com or request a quote by contacting RISE at (713) 936-9200 or firstname.lastname@example.org.