Located in southeastern Florida, Miami is a rental hot spot. Last year, rent increased by up to 36%.
As a landlord owning rental property in Miami, you want to screen your applicants to get the best tenants. It provides a clear picture of who is going to live in your apartments and how they’ll do it.
The Florida Tenant Screening process will give you information about the applicant's history. Be it rental, employment, fraud, criminal or credit history.
If you’re looking to rent out your Miami property, it is imperative to conduct tenant background checks. This article will highlight the importance of conducting background checks to avoid future conflicts.
Gets You Long-Term Tenants
The process of finding a new tenant can be tedious, so landlords want a tenant who will be there for the long haul. A background check will enable you to identify and rent to responsible and credible tenants.
These types of tenants will know that you’re a responsible property manager by doing checks on them. They are more certain to stick around and renew their lease. This way, you will not need to carry out the tiresome process of finding and screening new tenants after a few years.
Protects You From Liabilities
The Fair Housing Act forbids landlords from discrimination based on gender, race, disability, national origin, or age, among others.
Conducting tenant background checks could protect you from lawsuits, especially when the tenant committing a crime on your Miami property. Applicants with a criminal past pose a potential threat to your property and surrounding community.
Rejecting their application is a safe bet. But, document the reasons for denying them tenancy and keep their criminal reports. This will be of great help if you happen to encounter a housing dispute.
Keeps Off Evasive Individuals
Property managers insisting on tenant screening may discourage troublesome applicants from applying. This is because you will be digging into their history to ensure they are right for your property.
It is a red flag when an applicant withdraws their application or refuses a background check. They are either no longer interested or trying to hide something. It is advisable not to make exceptions for anyone as this is a violation of The Fair Housing laws.
Provides Insight on Prospective Tenants
To get a picture of their financial history, run a credit check on your applicants. It will help you identify whether a tenant will be able to pay rent on time or not.
Also, conduct reference checks with past landlords. You will get the tenant’s rental history and possible past evictions.
Conduct a Tenant Background Check in Your Miami Property Today
Some Miami tenants can cause major headaches which are best avoided. So, check your prospective tenants before handing over a key and entering into a lease agreement.
If you lack the skills and time, choose a professional company to perform a tenant background check. This reduces the hustle of finding suitable tenants and saves your time and money.
You will not go wrong with HomeRiver Group Miami Property Management. With our vast expertise and history in real estate, we go the extra mile to provide you with the best property management services in Miami, FL. Call us today: 954-419-3583.
