1. Credit Report
A credit report provides landlords with key information about potential tenants' financial responsibility and stability. It is important to check a prospective tenant's credit score and history before agreeing to rent out a property. Landlords can use this information to determine a tenant's ability to pay rent on time, any past bankruptcies or legal issues, previous late payments, and more.
2. Criminal Background Check
A criminal background check helps landlords to identify potential tenants that may cause harm or disturb other tenants on the property. This information can also provide insight into a tenant's character and give landlords an idea of whether they would be suitable for renting out their property.
3. Identity Verification
Identity verification helps landlords to confirm the identity of prospective tenants before signing a lease agreement. Landlords can use this information to ensure that any new renters are who they say they are and do not have any aliases or false identities associated with them.
4. Rental History Inquiry
A rental history inquiry provides landlords with important details about a potential tenant's previous rental experiences. This information can help landlords to determine how reliable and responsible a tenant may be, as well as whether they have ever been evicted in the past or had any other issues with their prior rentals.
5. Income Verification/Employment Status
Income verification helps landlords to confirm that prospective tenants are financially stable enough to pay rent on time and cover other costs associated with tenancy. Landlords should also inquire about a tenant's employment status, including how long they have been employed at their current job and if they are able to provide proof of income stability.
6. Landlord Reference Checks
Landlord reference checks allow property owners to gain insight into a potential renter's rental history and reputation. By speaking to a tenant's past landlords, property owners can get an understanding of how the tenant behaved in their previous rental situation and if they had any issues with late payments or other violations of the lease agreement.
7. Previous Eviction Records
Previous eviction records provide landlords with important information about a potential tenant's rental history. This information can help landlords determine whether the tenant has ever been evicted in the past and why giving them an idea of what kind of behavior to expect from them as tenants at a new property.
8. Public Record Search
A public record search is another tool that landlords can use to check for previous evictions, bankruptcies, legal issues, and other issues which may affect the tenant's rental history. This can provide landlords with valuable information about potential tenants before renting out their property.
9. Social Security Number Trace
A social security number trace is used to confirm a potential tenant's identity and verify their residence address, ensuring that all of the information on the application is accurate. This helps landlords to avoid being taken advantage of by fraudulent renters.
10. Bankruptcy Verification
Bankruptcy verification helps landlords to determine whether a potential tenant has ever filed for bankruptcy in the past or if they are currently facing financial hardship that would prevent them from paying rent on time. This can help protect property owners from any unexpected financial losses due to non-payment of rent.