Not everyone has the luxury of magical, innate knowledge of who’s been good or bad this year. If only we could split applicants down the middle with an either-or decision, naughty or nice, yes or no. If only it was magically that easy to know which applicants to accept, and then reward yourself for that simple check list with a plate of cookies and warm milk. You can laugh all you want all the way to New Year’s Eve, but that doesn’t mean you can ignore the very real consequences of having residents who may be getting coal as their presents this year.
Preventing Coal in your Stockings
One problem you must deal with is time. Things change with a flip of a switch, laws are added or edited, family come together or part, or laws are freshly broken. New attitudes come into play; circumstances change. It would be a good idea to contact a lawyer in your area, especially with the current changing landscape of the rental industry. Keep in mind any new laws or laws on the ballot that can come into play, and make sure they are taken into account with your lease, with the advice of legal counsel.
With regular, such as an annual, review of your leasing standards, you can keep yourself in check with legal updates. While this may sound like a daunting, boring task to assign yourself, remember that while it may be giving you a headache now, it’s preventing a migraine later by warding off any sticky legal situations.
Are Your Applicants Naughty Or Nice
When an applicant first comes to you, a background check can clear any of your concerns. You may not have a fancy red sleigh, but you do still have your own list that you need to check. Are your applicants the right ones for your property?
With CIC’s resident screening, you have the comfort of knowing who you are renting to when they first come asking for a new home. This is how you find out who to cross off your list.
Using proper resident screening means you can find out who’s been evicted (if that’s legal in your area), if an applicant has a criminal record, or who simply might not meet any of your property’s other standards. You can find out if they don’t meet rental requirements involving credit scores or income – which could be a sign they’ll need a co-signer or simply can’t afford the rent. When you’ve used CIC’s background checks you can feel more secure in crossing off your naughty list and moving on applicants who would be a good fit for your property.
That doesn’t mean that your job is done, of course. Is a property manager’s job ever done? It would be much easier to just send the same old lease to every applicant that you’ve selected to become a resident, but it’s not that simple. As every year comes to a close, it’s a good idea to take a close look at the leasing agreement. With the winter vacations coming around, now may be a good time to take out your leases and give them a good once over (or twice over, if you’re feeling jolly).
Think of resident screening and a regular leasing standard review as checking your list twice over, making sure everything is up to par. Being confident in your process is a great way to start off your new year!