A recent Chicago Tribune article (January 20, 2012) illustrates the topic of Eviction Reports being a critical component of Tenant Screening. While the idea of not doing an Eviction Report before engaging a rental agreement would strike some property managers and/or landlords as unthinkable, there are large sectors of the housing economy that apparently do not hold this to be true.
From the Tribune article:
In today’s economic climate, small-time mom-and-pop landlords should do more than run credit checks on would-be tenants. They also should make sure the people they are considering haven’t been forcibly removed from their previous residences.
Credit checks have and remain a central component of a Tenant Screening. After all, if an individual or family does not show the financial wherewithal to pay rent, there is literally no point in offering a rental property. Credit Reports are solid indicators of the ability to retain fiscal responsibility toward a rental agreement.
The Tribune article continues:
According to the National Sheriffs’ Association, forceful evictions by law enforcement officers have been on the upswing for the last few years, giving rise to a new group of nomadic tenants, many of whom know how to game the system.
The idea of “nomadic tenants” should give any so-called mom and pop significant pause. The cost of upkeep and maintenance for small unit rental properties or even single unit rental properties can be significant. Without the ability to spread this cost over several units profit margins get squeezed. Additionally, the potential of additional damage or items in need of repair through the eviction process can be noteworthy.
Eviction reports are relatively inexpensive and do provide a significant advantage to the landlord or property manager. Consider the length of time it takes for an eviction to appear on a credit report, often up to 90 days, to the time it takes forceful eviction to appear on an eviction report, often less than 30 days. The risk of running only a credit report as a tool in considering a renter is considerable.
At TenantScreeningUSA.com and CriminalBackgroundRecords.com credit reports as well as evictions records are available to landlords and/or property managers of any size. They have the knowledge, experience, and understanding to greatly assist in any Tenant Screening requirement. Take the risk out of renting, contact TenantSCreeningUSA.com or CriminalBackgroundRecords.com and speak to one of the skilled consultants in developing the right package of tenant screening reports to fit your exact needs.
Contact TenantScreeningUSA.com today for more information on low-cost, high-value tenant screening.
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