Property Management Blog

What is the most common mistake made by vacant property owners and landlords, as far asHampton VA property management is concerned? Well, they advertise their property as "Hot property, no credit checks, won't last long" and other similar lines. They settle in for the first tenant that comes their way and do not bother to perform background screening etc. Many landlords are known to have regretted doing so. Due diligence must be practiced before letting anyone rent the property. Even though times may be hard for you, it is crucial to perform such tenant screening or you might end up putting your property at risk. Here are reasons why tenant screening is imperative:

1. Your reputation as a landlord is at risk when you let disruptive tenants inside your properties.
2. Your property itself is at risk when malignant tenants reside in it.
3. Existing good tenants could be driven away by bad tenants.
4. Delinquent tenants and late payments often go hand in hand
5. Tenant screenings can actually save you money. When you invest in these essential checks you have peace of mind. You know that tenants will be able to afford rent payments and that they will take good care of the property. This way, you do not have to spend money on repairs.

All these factors clearly indicate the importance of tenant background checks.