In theory, owning property and renting it out to tenants should be a stress-free way of enhancing your income. In practice, any experienced landlord will tell you that there is often a significant emotional and psychological burden involved in finding individuals who are respectful, responsible and pay their rent on time.
That’s where a tenant background check can serve a valuable purpose. By hiring a trained professional to comb through a rental background check on prospective tenants, you can pinpoint potential issues before they develop and make sure you find reliable and decent people to occupy your property.
What is a background check for renting?
As the name suggests, a tenant background check is simply a means of verifying that those renting a domestic or commercial premises from you are who they say they are and that they’re of sound character. This involves combing through their employment and financial histories to make sure that they can pay their rent on time each month.
Meanwhile, a comprehensive rental background check will also delve beyond mere solvency concerns. By checking their criminal convictions, tenancy records and even social media activity, you can guarantee that the person in question is not likely to damage your property or cause you problems with your neighbours. As such, background checks for renting can be an invaluable tool in safeguarding your assets and maximising your profits.
Why should I carry out a rental background check on my tenants?
There are a wide number of reasons why it makes sense to perform a tenant background check on any applicants looking to rent a room, flat, home or office space from you. These include:
- Safety – The last thing you need is a convicted criminal or registered sex offender occupying your property without your knowledge, especially since they could potentially pose a danger to you and others.
- Income – How do you know that a prospective tenant is capable of paying their rent on time? By checking through their financial records and assessing their tenancy history.
- Damage – Has your prospective tenant previously damaged or destroyed properties that they have rented? If they’ve done it before, they’re likely to do it again – which could leave you severely out of pocket.
- Evictions – If you agree to rent to someone without conducting due diligence, you might find they are unsuitable later down the line. By this time, forcing them out of your property could be an arduous and expensive process.
- Turnover – Finding trustworthy and dependable individuals eliminates the need for tenant turnover, reducing the time and effort you have to put into the search and making your life that much easier.
Of course, not all of these reasons will be applicable in every situation, but they can work to give you peace of mind that the tenants in your property will not let you down.
Arrange a tenant background check today
Are you on the lookout for new tenants to occupy your property, but aren’t sure whether the candidates in question are reliable and responsible? Remove any doubt by booking a tenant background check from M19 Solutions today. Our team of proficient and professional operatives are highly experienced in looking into the past histories of prospective tenants, delivering comprehensive results discreetly and confidentially.
To learn more about the services we offer or start the ball rolling on a tenant background check right away, why not get in contact with our friendly team? We can answer your queries and address any concerns over the phone, via email or in person. This will help put your mind at rest and ensure that the tenants you choose are right for you. Don’t risk being out of pocket further down the line – safeguard your property assets with a rental background check today.
