There are a lot of different parts to a solid tenant screening process. You’re going to check credit and measure income against the rental amount. You’ll verify employment, conduct a criminal background check, and make sure all of the information provided to you matches the information you receive on the application.
Verifying rental history is an important part of your screening process, too. Rental history tells you a lot. It tells you how a tenant has performed in rental homes previously. It highlights any potential problems. It shows you whether a tenant is stable or likely to move around a lot.
Don’t skip over the rental history when you’re screening Memphis tenants. Make it the center point of your screening process.
We’re sharing some important tips on verifying a potential tenant’s rental history. Use these, and you’ll find a well-qualified tenant who has been thoroughly screened.
Verifying a potential tenant’s rental history starts with a thorough rental application that collects pertinent information and provides consent to check references and investigate rental histories.
On your application, make sure that you’re collecting information on the current place where your tenant lives as well as the last five or 10 years of their rental history. You want to look at dates and consider what they were paying in rent.
During the screening process, you’ll use the credit report for a number of things:
You can also use the credit report to verify rental history.
For starters, a credit report will list a current address and any former addresses. Check this against the addresses your applicant has provided. Are there discrepancies?
You can also use the credit report to find out whether the applicant still owes money to a former landlord, a utility company, or an apartment complex. These would be some red flags when it comes to deciding who you want to rent your property.
Evictions will sometimes show up on a credit report, but not always.
For self-managing landlords who do not have the benefit of working with a Memphis property management company, the best way to look for prior evictions is by searching local and state court records. Try the National Center for State Courts, which is pretty user-friendly and gets you to the proper courts that you’ll want to check for recent and prior evictions in Memphis and throughout Tennessee.
Once you’ve landed on the court site that you need, you can run a search on your applicant’s name. You won’t necessarily get the details of the eviction, but you will know that it occurred. Did your tenant disclose this on the application?
The past eviction, remember, does not necessarily mean you’re screening a horrible tenant. Wrongful evictions do happen, and if your tenant was upfront with this information and provided details on the situation, you may consider renting to that tenant. Some landlords, however, have a strict policy against approving tenants with evictions.
It’s important to be consistent. Decide what you’re willing to work with and what you’re not willing to work with when it comes to evictions. Include that in your standard qualifying rental criteria and hold all tenants to the same standards when it comes to prior evictions.
It’s logical to start with state records when it comes to eviction. Checking national eviction records, however, is even better. If you don’t have access to this information, reach out to a tenant screening company or a local property manager who can help.
Actual reference checks may seem time-consuming and unnecessary, but if you really want to dig into "how to check my rental history" or your prospective tenant’s rental history, it’s worth your time to do them. Call the landlord references on the phone or email some questions. Some of the things we recommend you ask include:
These questions will give you an idea about how the tenant behaves in a rental property. You can also ask about pets and whether there were ever complaints from neighbors.
This is how you verify rental history when renting out a Memphis property. We’d be happy to help you with the screening process. Please contact us at RiverTown Realty.