Managing your rental property correctly and practicing thorough tenant screening can protect you from facing many problems with your tenants and being forced into pursuing costly evictions. With the help of ANCHOR Realty NE, you get the quality services and advice you need to operate your rental units in Philadelphia, PA, Baltimore, MD, and the surrounding areas with confidence and ease.
All rental applicants should be required to go through a thorough screening process as part of the tenant application. This allows you to identify potential issues before they can turn into costly mistakes. The vetting process can take a while, but tenant screening companies can alleviate the burden of time placed on busy landlords who need to direct their attention to other matters.
Tenant background checks should include much more than just verifying their identity. Tenant screening services encompass three main areas: a full credit report, previous eviction records, and criminal records.
By reviewing a tenant's credit scores and eviction history, the tenant screening report can calculate the likelihood that the prospective renter will be a risk. Those that have had previous eviction reports may need to offer additional information or prove their ability to pay rent by verifying their income.
Obtaining a credit history from a reporting agency gives insight into the individual's payment history and other factors that can determine if they are a good fit for the rental property in question.
Fair rental practices in Baltimore, MD & Philadelphia, PA, demand that there are common rules set in place to regulate the rental process, keep the property in a safe condition for tenants, and monitor any pursued eviction. It's essential to stay compliant to avoid fines and potential legal action.
Prospective tenants have the right to be treated fairly, and landlords should be aware of all laws and regulations that they need to follow to avoid unintentional discrimination. Where tenant background checks go a long way toward safeguarding landlords against a potential problem tenant, the Fair Housing Act (FHA) protects a tenant from being discriminated against based upon:
Not all properties adhere to the FHA regulations, but other local and federal laws may apply. Ignorance on either the tenant or landlord is no excuse for not following proper procedures, so all parties must be fully aware of the applicable guidelines in their location.
ANCHOR Realty NE is one of the top companies in Baltimore, MD & Philadelphia, PA, for managing your real estate interests. We can help our clients solve tough issues that other managers can't. The tenant screening process is just the first step.
We offer an entire range of useful services for both tenants and landlords. One of the most alluring is online account access. Tenant pay options for both rent and utilities, as well as a hotline to report emergencies or maintenance issues 24/7, are just two examples. Important updates are easily sent to each tenant's email address or posted on their account to keep everyone informed and keep communication lines open.
As a landlord, you will also benefit greatly from receiving expert assistance with each stage of managing your property, from finding the right tenants and tracking lease status to collecting rent and resolving troublesome issues. ANCHOR Realty NE located in Philadelphia, PA, can make managing multiple properties a breeze by saving you time and providing accurate results from all tenant screenings, so you can make a fully informed decision quickly.
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