Is Outsourcing Tenant Screening a Good Idea? Expert Insight

Is Outsourcing Tenant Screening a Good Idea? Expert Insight

Did you know renters account for 54.8% of occupied housing units in Atlanta, Georgia? This implies that rental property owners have a long list of potential tenants.

That doesn't automatically mean finding good tenants in Atlanta is easy, though. And if you make the wrong choice, you could end up with tenants unable to pay their rent on time. FYI, 15% of Atlanta renters couldn't keep up with their rent in 2022.

To avoid such issues, consider outsourcing your tenant screening process. This guide will explain why it's an excellent idea, so read on.

More Comprehensive Tenant Screening Process

A professional tenant screening service aims to find you the best possible tenants. To achieve this, they use various methods for screening tenants, including:

  • Credit checks
  • Employment history checks
  • Criminal checks
  • Rental history checks
  • Eviction history checks

Tenant screening experts also review applicants' landlord and personal references. They ensure the provided references are credible and valid in the first place.

So, by outsourcing tenant screening, you can make a more educated decision on who to rent to. You can confirm your tenants have no criminal records or have had many delinquencies. You can also ensure they're financially stable and have a stellar history of paying rent on time.

Faster and More Efficient

If you look for tenants on your own, expect to spend a lot of time marketing your Atlanta rental property. You then need to spend even more time and effort sifting through the applications you get. You must also perform the screening methods above to find the best tenants.

If you don't have the time or energy to do all those tasks, outsource your tenant screening process. These experts can help you screen tenants more efficiently and effectively.

Long-Term Cost Savings

Outsourced tenant screening services will cost you money but can also save you in the long run. They can do so by finding you responsible tenants in the first place. This means people who'll pay their rent on time and care for your property.

Those excellent qualities can reduce your odds of going through expensive eviction procedures. Damage is also less likely with tenants looking after your property. This further helps you save, as you can worry less about unnecessary or untimely repair costs.

Comply With the Laws

It's every landlord's right to screen tenants, but they must still abide by strict laws. One of these is the Georgia Fair Housing Act. Failure to comply with the laws in this act can put you at risk of severe legal consequences.

That's a good enough reason to outsource tenant screening to professionals. These experts understand all housing-related regulations. With their expertise, they can help keep you, the landlord, on the good side of the law.

Outsource Tenant Screening to Improve Profits

Outsourcing tenant screening can save you time and money and make it easier to find good tenants. It can also help you comply with rental laws and regulations. Ultimately, it can result in better, more stable rental profits.

All that makes such services an excellent long-term investment.

If you're ready to let professionals screen tenants on your behalf, our team is happy to help. Call us now to learn more about our tenant screening services!