Running a credit check on a prospective tenant is the wisest move a landlord can make! This is, especially, true due to pandemic-related rent-debt issues. Landlording has become a seriously-challenging endeavor since rental-property owners have been forced to absorb the rent-due bills for tenants who aren’t paying as they should.
A few disturbing statistics include the following: 1) 50% of single-family rental-home owners reveal issues with missed rent 2) more than half of all US rent-debt is owed to smaller, independent landlords 3) many landlords in the US are saddled with tens of thousands of dollars in lost revenue, with some landlords having lost hundreds of thousands of dollars due to tenants not meeting their payment obligations and 4) many smaller landlords have been forced to take out home-equity loans to pay the taxes on their rental properties due to tenants’ non-payments.
To run a credit check on a prospective tenant, as part of the screening process, provides landlords and property managers with a critical tenant-assessment tool. If a credit report on a prospective tenant reveals long stretches of pandemic-related unemployment or reveals non-payment with a prior landlord, those red flags can be pivotal concerning which prospective tenants would be, ultimately, selected.
As an independent property owner or property manager, you have a lot at stake, financially. Because of that, you want a ‘dream tenant’ whose credit-check report reflects a continuous history of paying down credit cards, paying off car loans, or meeting student-loan debt, with due diligence.
Efficiency is here to assist! Efficiency helps independent property owners or property managers to streamline the tenant-selection process, swiftly and conveniently. Efficiency provides you with tenant-screening reports that will allow you to make critical decisions based on your applicants’ debt-payment histories, background-check information, and eviction reports. Efficiency wants you to be able to say, “This is the type of tenant I’ve been hoping to find!”
Efficiency will help you feel the assurance of knowing you have left no stone unturned to protect your property, ensure the welfare of your other tenants, and safeguard your business’s finances. You want reliable tenants who will pay you in full, on time, every time!
Efficiency allows independent landlords and property managers to:
1. Run an applicant’s credit history and background-check, within minutes, at no cost
2. Automate time-consuming, manual tasks related to tenant-screening – savor more personal time
3. Sign up for free – your credit card is not needed
4. Reduce vacancy periods – more $$ stays in your pocket
5. Store tenant documents, securely
6. Obtain report results on any device, 24/7 – mobile optimization = on-the-go convenience
Efficiency allows you to collect online applications and comprehensive tenant screening reports, at no cost to you! Efficiency will gather the critical credit and background information to help you select a tenant who will, most likely, prove to be an asset for your rental endeavor, instead of a deficit.
The tenant-screening process involves three very easy steps:
Creating an account is so easy – Sign up now, and in less than two minutes, you’re ready! And remember, independent landlords and property managers don’t pay a cent to receive the online rental applications, credit histories, and background-check reports they need.
With your efficiency account established, you are ready to invite tenants to fill out the user-friendly online rental application. Efficiency allows you to invite tenants to apply for your rental property, and it takes 30 seconds, or less – it’s quick; it’s easy! Take a moment to view this short video – it sums up efficiency’s simplified process regarding tenant invitations.
Once your potential tenant completes the application and tenant background check, you will be notified and can view the results on your efficiency dashboard – within minutes!
Efficiency’s tenant-screening report will include a credit report, a criminal report, and an eviction report you can view from any device. Evaluating any prospective tenants anywhere at any time is as easy as 1-2-3! Efficiency is your potent ally that will help you select tenants who will work with you, not against you!
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