Tips for Choosing the Right Tenant Screening Service
Posted On
A landlord’s and property owner’s responsibility is to screen their tenants. Protecting your property protects you financially as well as the investments you’ve made. During the screening process, your potential tenant’s credit report, employment history, income report, and debt report will be reviewed.
When it comes to screening tenants, there are a few options you can choose from. A manual screening is an option that you can choose from. You will have to put in more effort and time for this one. A tenant screening service can be used in place of manual credit checks because it saves time and provides accurate information that can be integrated easily.
In case you are looking for commercial tenant screening, your search may be finally over. TSC was established in 1985 and has been paving the way for the tenant screening industry ever since.
Before using an automated tenant screening tool, there are a few things you need to know. You should know these five things about tenant screening services. Get started today!
There Is Still A Need To Apply For And Approve The Rental
The tenant screening process via a service can only be begun once you have permission and a rental application.
An application for a rental property will include information about the tenant. When you fill out an online application, you get information on the applicant such as his or her current address, phone number, email address, employment history, first and last name, and even debt-to-income ratio. In addition to seeing their bank accounts and financial information, you can also view their profiles.
There Will Be Reports On Your Income And Credit
It is important to know what information you will be able to access if you use a screening service. A credit report and an income history of your potential tenants are of the utmost importance. How can you access them and how do they influence your decisions? Let’s take a look.
Reporting On Credit
The credit score and history of a tenant are crucial factors in determining whether or not they are trustworthy. Their credit score is a measure of how well they manage their finances. They may receive a low credit score as a result of making late payments or owing a large amount of money.
If a tenant has never used a credit card or borrowed money, they may have a low credit score. Credit scores and credit histories are often used to evaluate a tenant’s ability to pay consistently and on time.
Income History
We also offer tenant screening services that include rent history and reports. As well as information regarding an individual’s employment history, a financial profile includes an estimate of their annual income. You need to access the tenants’ income history to make sure they will be able to pay their rent.
Many tenants must earn at least four times as much money as they pay in rent, depending on their landlord. Our screening services include data interpretation as well as data screening.
Make Sure You Are Automatically Checked For Your Background
In order to receive our tenant screening services, you must know that our background checks are automated. A background check includes criminal records, public records, bankruptcies, and evictions. As soon as you have access to the tenant’s background, you can use this information to make an informed decision.
Find Out What Each Of The Three Credit Bureaus Has To Say
Credit reports from all three major credit bureaus will be provided by our tenant screening service.
TransUnion, Equifax, and Experian provide credit reports, histories, and data on your credit file. Our services can provide you with instant access to information regarding your tenants.
Integrate Credit Report Services Easily
Our tenant screening service is available upon completion of the onboarding process. An agent will guide you through integrating this service into your platform. Whatever your needs, our experts offer turnkey solutions that can be implemented in just one day or customized integrations that may take longer to implement. You can use any platform that you choose to integrate tenant screening products!
