Why Tenant Screenings Are Vital for Mid-Term Rentals: Ensuring Peace of Mind and Quality Stays
Tenant Screening: Ensuring Peace of Mind for Mid-Term Rentals
Renting out your property for mid-term rentals can be a lucrative opportunity, attracting a diverse range of tenants such as traveling professionals, relocating families, and even academics seeking temporary housing. While many of these tenants may undergo some level of screening through their employers, it is essential for landlords to conduct a thorough tenant screening process to ensure full transparency and comfort for both parties involved.
One of the most effective ways to ensure the quality of your mid-term rental is by utilizing a tool such as KeyCheck for tenant screening. KeyCheck, Furnished Finder's reputable sister company, provides landlords with an inexpensive and comprehensive screening process, allowing them to make informed decisions about potential tenants. Traditionally, tenants pay the low cost associated with screening. By accessing a tenant's credit history, criminal background check, and eviction history, KeyCheck provides valuable insights that traditional screening processes may miss.
First and foremost, tenant screening helps protect your property and investment. Through a thorough credit history check, landlords can gain insight into a tenant's financial responsibility and ability to pay rent on time. This can help mitigate the risk of future financial issues and ensure a steady rental income. A criminal background and eviction history check can provide landlords with peace of mind, ensuring that their property will be in safe hands. Many employer screenings do not include an eviction history check, making it all that more critical for landlords to perform their own screening.
Equally important is the comfort and peace of mind tenant screening provides for tenants themselves. By undergoing a comprehensive screening process, tenants can rest assured that they are renting from a reliable landlord who values their safety and well-being.
Transparency is a key value at Furnished Finder, and tenant screening aligns perfectly with this principle. By conducting a full tenant screening, landlords can foster trust and transparency with potential tenants, clearly demonstrating their commitment to providing a high-quality rental experience. This not only helps attract reliable and responsible tenants but also encourages them to remain in the rental for an extended period, reducing turnover and vacancy rates.
It is worth noting that a tenant screening is a relatively non-invasive process. KeyCheck utilizes TransUnion for a soft credit pull, leaving credit score unaffected. This means that potential tenants do not have to worry about detrimental effects on their creditworthiness, while landlords can still access the essential information necessary to make informed decisions.
Best of all, Furnished Finder has made it easy to conduct tenant screenings, by integrating with KeyCheck and making screenings possible right from your Landlord Dashboard!
Follow these easy steps to request a tenant screening from any lead:
1. Select tenant screening from your Landlord Tools within your Landlord Dashboard.
2. Enter your contact information. This only need to be completed once and will not be shared with tenants.
3. Create the screening request, and send.
4. Once completed, you will be notified via email and in your Landlord Dashboard.
5. Review the screening and communicate with your potential tenant. It's important to abide by fair housing policies and laws, and to keep your policies consistent.
From here, be sure to create a full, legal lease using KeyCheck. With KeyCheck, you are able to create a state-specific, customizable lease to use with your tenant.