Some landlords learn the hard way why tenant screening is so important. A rental’s success largely depends on its tenants, meaning landlords should always check that applicants are a good fit before they sign a lease.
A good tenant makes passive income a reality, whereas a troublesome tenant can be a constant (and costly!) headache. Being a good judge of character isn’t enough—that’s where tenant screening services for landlords come in.
The best tenant screening services provide a reliable and thorough process that helps protect your investment. You’ll feel more confident handing over the keys to a new tenant, knowing you’ve taken the proper steps to give you the best chance of success.
A tenant screening service is a series of checks to assess whether applicants are who they claim to be and whether the information they provide is correct. Every landlord wants to avoid late payments, disputes, or evictions. Tenant screening helps identify any red flags that could lead to future problems.
Tenant screening can feel tedious, especially when a keen and seemingly trustworthy applicant is ready to move in. But it’s not worth cutting any corners. On average, landlords will screen two applicants every time they need to fill a vacant property. Tenant screening is an essential step that could prevent you from rushing into a lease with someone who may cause problems down the line.
Tenant screening services include:
Tenant screening starts as soon as you receive a rental application.
The landlord/property management company must inform the applicant that a background check is required to proceed. By law, the applicant must give their consent before you can access sensitive information, like their credit or criminal history.
The screening service runs a series of checks on the applicant after receiving consent. The results will then be compiled into a report for you to review.
If the screening results are satisfactory, you can accept the application and send a lease agreement to the applicant. If you don’t like the results, you can reject the application and keep searching for a tenant. Under United States law, you may need to inform the applicant of the specific reasons for their rejection.
There’s no definitive answer as there are many different tenant screening services for landlords. The timeline of the services will depend on the complexity of the screening, for example:
Landlords don’t need to use tenant screening software, and many take a DIY approach to vetting tenants. However, manual tenant screening will likely be a longer process and more prone to errors.
The best tenant screening services offer landlords a convenient option that reduces mitigation, saves time, and ensures legal compliance. While no screening service guarantees a perfect tenant, of course, they greatly improve your odds of finding reliable and responsible tenants.
AppFolio is one of the biggest names in the property management software space. It’s highly versatile software for landlords and property management companies of all sizes. And its tenant screening is versatile, too. AppFolio has two pricing tiers for tenant screening services, with paid add-ons available for both.
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RentPrep is a popular choice for landlords with large portfolios as they offer discounts for those with over 50 properties.
The standard approach to screening is heavily technology-based, with huge amounts of databases screened at rapid speed. RentPrep, on the other hand, performs manual screening supported by technology for a more accurate reading.
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MyRental, powered by SafeRent Solutions, is one of the most straightforward screening services we tested. It’s popular with independent landlords and property managers with moderate-sized portfolios. MyRental has one of the most intuitive interfaces of all the software on this list too.
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SmartMove is more suited for small management groups and independent landlords who don’t need to screen tenants regularly. It’s quick and easy to use, even for those who aren’t tech-savvy.
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RentSpree’s screening service is powered by TransUnion. You can submit screening service requests in as little as two minutes. The results are easy to evaluate with a clean and simple interface that breaks down all information.
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As you’d expect from one of the leading property management software providers, DoorLoop’s tenant screening is expansive yet simple to use. Making informed decisions is easy as the applicant’s details are broken down and ready to review.
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TurboTenant’s dashboard makes it easy to jump in and use the screening services. There’s an “invite to apply” page, which makes it possible to send an invite via email in a few minutes.
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Both landlords and property managers need streamlined workflows. Landlords strive for passive income, while property managers need efficient systems to handle their growing portfolios. Without these processes, both landlords and property managers risk getting overwhelmed with to-do lists and phone calls.
And tenant screening is just one area that takes time.
Another challenge that can cause burnout among landlords and property managers is answering phone calls. As the number of properties you manage increases, so do the calls. You can’t be expected to always be available and pick up every call that comes through. However, missed calls can mean a backlog of voicemail messages and the occasional emergency not getting immediate attention. It can also lead to dissatisfied tenants and lost opportunities.
So what can you do?
A live answering service can answer calls for you around the clock. Protocols are created and followed for every call type. With SignMore, you can turn your phone off and know every caller will receive great service from a property-focused answering service.
Landlords and property managers can’t afford to be on their laptops all day or answering calls at all hours. Space is needed to focus on tasks that grow your portfolio. The best tenant screening service mixed with an answering service can free up many hours each week to help you grow.
See how SignMore can provide exceptional customer support and qualify leads for you around the clock. Book a free 15-minute consultation.