Table of Contents
Introduction
Running a property management company in Phoenix, AZ can be challenging at times. There are always new regulations to learn about and new people to meet. phoenix hoa management companies deal with one of the most important parts of being a landlord, which is making sure you have the right tenant. When running these checks, it’s easy to make mistakes – and these mistakes can lead to financial and legal trouble down the road. In this article, we’ll cover three of the most common tenant background check mistakes so that you can avoid them in your daily operations.
Giving free rent in exchange for tenants finding you new tenants
You should always make sure to go back as far as possible when searching for a tenant’s past. You’ll want to make sure you’re not missing anything – like if they have ever been convicted of a crime, even if it is just a misdemeanor. Having an incomplete background check could be devastating in the event that they do something illegal at your property and you are liable for it. It will also show them that you care about them, which will make them more likely to take care of your property too.
Giving free rent in exchange for tenants finding you new tenants
Giving your tenant a $200 credit for every new renter they introduce to you is a good way to ensure you have a steady flow of tenants. Just make sure you check out the person they are recommending and make sure the rent will not be over your limit.
Not seeing through red flags during the interview process
Just because someone appears on paper to be the perfect tenant, don’t stop your search right there. Potential tenants will often slip up during the interview process and reveal flaws in their character that you may have missed had they not engaged in a full screening. One of the more obvious things they could be hiding is a criminal history. This can include arrest records, warrants, previous convictions, and sex offender registry information.
Conclusion
In conclusion, if you want to do a background check on your tenant, there are many ways that you can go about it. It is important to consider what information you need before choosing the background check method. Hope this helps! As we try to help others in a similar situation, we are unsure of how to proceed.
