Around 30% of people in Idaho rent their homes. For landlords looking to rent out their properties, there are a lot of candidates.
Many landlords think they can get away without running a background check on their customers. They might ask themselves, "What's the worst that can happen?" But there are so many things that can go wrong for those who don't take this crucial step.
Want to find out more about the importance of running a tenant background check? Read on! We'll explain exactly why it's a necessary process.
Without a Tenant Background Check You Don't Know Who You're Renting To
Without running a background check, you could be renting to anyone. Even if a renter shows you a full set of ID, that only tells you their name. You don't know about their past, or their previous behaviour in rented property.
Background checks can let you know if a tenant has been evicted previously or has a criminal record. It's important to know about these things so you can make an informed decision.
That's why interviewing tenants is important too. You can get to know them and see if they're the kind of person you think you could form a good landlord/tenant relationship with.
You Can Avoid Financial Issues
Background checks can shine a light on various financial issues. You can discover a renter's credit record, their rental history, and their income. This can give you a good idea of whether or not they'll be able to keep up with expected rent payments.
By finding out if potential renters have previous financial issues, you'll be able to make a better decision on who you rent out to. A renter who doesn't make enough to cover the monthly bills might not be the best candidate.
You Cover Yourself From Legal Trouble
In the state of Idaho, landlords have certain responsibilities. You could, for example, find yourself subject to legal action if your property is used as a base for criminal activities.
Tenant screening doesn't just help you to avoid renting out your property to criminals. They allow you to defend yourself if you're accused of negligence.
When you can demonstrate that you exercised due diligence with a tenant criminal background check, you're unlikely to face legal action. However, if you rented a property to a known criminal without conducting a background check, you could be found negligent.
Get Help With Your Properties
Failure to conduct a tenant background check can cause so many more problems. But it can be difficult for a small or inexperienced landlord to carry out effective checks. That's why it's a good idea to hire an experienced company to help you screen tenants.
HomeRiver Group Idaho Falls can help you with all your property management needs. From finding tenants and conducting background checks to marketing and maintenance, we've got you covered with our comprehensive services.
Want to find out more about how we can help you get the best out of your property? Contact us today and let us take the stress out of life as a landlord!