As of 2022, more than 400,000 people currently reside in Atlanta, GA, and the surrounding area. With that being said, many of these people are here to stay, and Atlanta will only continue to grow as time continues, which means that more people will be searching for a place to live.
If you're a property manager, we understand that you want to keep your properties filled with ideal tenants, but finding them can be a challenge. Read on now and learn why outsourcing your tenant screening is something you need to do whenever you're looking for people to live in your properties.
How to Outsource Tenant Screening?
Before we jump into whether it will benefit your property management business, it's essential to understand how to do it the right way. Before outsourcing your tenant screening process, ensure you've taken the time to weigh all the potential issues that could arise when you conduct the process in general.
When you outsource, the company you hire will conduct a criminal background check, pull a record of past rental history, and check the applicant's credit history. If there is a red flag in the past history of the tenant, it will not be passed along to you for consideration.
After you receive top applicants from the tenant process, you can move forward with doing your own deep dive before you determine who will be the applicant you go with.
With that being said, here are some reasons you should outsource this process.
Provides a Better Understanding of the Applicant's Past History
When you become a new landlord, you might not realize what you're looking at when you review the past history of a potential applicant. A third-party company can help you make sense of what you're seeing.
Whether they had issues because they didn't pay rent on time routinely or didn't pay other bills. Regardless, these red flags should help you make your final decision.
Further, Understand Landlord-Tenant Laws
Laws are in place to protect you and your tenants. However, throughout the tenant screening process, you will learn about the laws you must abide by and why you need to.
When you don't uphold the law, you could be sued by current/past tenants in court. And the laws are in place to ensure you don't act in a discriminatory way toward potential tenants.
Sifting through applications is a long process. This is why you should outsource the task to someone with the time for it.
When you're doing it yourself, it's more challenging to oversee your properties and how they should be managed. Do yourself a favor and outsource your tenant screening process.
Tenant Screening: Why You Should Outsource?
Before you begin the tenant screening process, consider outsourcing. This not only provides you with professional services, but you can focus on other tasks that need your attention.
Schedule a consultation with PMI Atlanta OTP for help and access to necessary resources.