Marchant Property Management Blog

What do Property Management Companies Do? Tenant Screening

System - Thursday, November 21, 2019

Brittany:
Hi, everyone. Brittany here with Marchant Property Management for Talk About it Thursdays. Today I'm going to be continuing my series on what we do here at Marchant Property Management. For the last two weeks we went over rental analysis and property marketing, and today I'm going to be discussing tenant screening.

Brittany:
Accepting a bad tenant can cost you the owner thousands of dollars in lost rent and damages. At Marchant we conduct extensive screening on all prospective tenants. First we require anyone 18 years or older to apply online and we require driver's license copies and proof of income documentation. We have an extensive screening process that includes employment and income verification, as well as a nationwide credit, criminal, sex offender and eviction check by a third party vendor. Most importantly, we also verify at least three years of rental history to make sure that the tenant gave proper notice to vacate, paid rent on time, were never evicted, did not cause any damage to the property, didn't have any lease violations and did not leave owing a balance to a landlord. We require tenants to have income of at least three times the monthly rent.

Brittany:
Tenant screening is without a doubt, the most critical aspect of property management. Do yourself a favor and leave it to the experts, Marchant property management. That's all I have today on tenant screening, and I'll continue my series next week on what we do here at Marchant.