We Place Only Quality Renters
Excellent marketing strategies deliver more quality potential renters. When investors have excellent applicants interested in a property, they minimize the risk of placing a bad resident.
However, potential renters can look "good" on paper—but without a screening process, investors can't verify that they truly are good for their rentals. Allowing a bad renter into your property can lead to income loss when they don't pay the rent and cause property damage. In some cases, terrible renters abandoned properties without notice, leaving investors without rental income unexpectedly.
Excellent marketing practices help minimize the potential of attracting bad renters, but it's only part of the process to ensure high-quality residents move into your Dearborn, Michigan rental homes. The best way to avoid terrible residents is to work with a property manager that understands how to conduct a thorough screening process.
The best property managers:
- Establish legal renter criteria with property owners (before screening begins)
- Require a valid ID
- Review credit history, check references, look into prior rental history, verify income and employment, and check criminal history.
- Recognize red flags that are signs of a potentially bad renter
- Follow Fair Housing laws and FCRA (Federal Credit Reporting Act) best practices throughout the process
- Fairly apply pre-established criteria to every applicant
Choosing a new renter based on personal preferences or any bias can lead to lawsuits, income loss, and shutting down your rental property operations. The best Dearborn, Michigan property management company keeps the screening process legal while placing the best local renters in your properties!
Excellent residents pay the rent on time, take good care of your rentals, and often renew their lease. Most investors find that a property manager's screening and leasing experience are vital to maintaining tremendous cash flow and building more long-term income!
