Screening Guide

We’ve created a useful checklist of screening tenants. Protect your investment and your sanity with thorough tenant vetting. Just one bad tenant can cost you thousands of dollars in lost rest, unpaid utilities, neighbor complaints.

The Check List

  • Define Your Screening Criteria

    At a minimum, this should include monthly income, credit score, criminal record and evictions. As a rule of thumb we recommend at least 3.5X the monthly rent in combined monthly gross income. This typically gives the tenant enough "breathing room" to pay their rent each month. You must enforce these criteria consistently and ensure they fully comply with Fair Housing laws. Otherwise you may be committing discriminatory screening practices.

  • List the Requirements in Your Rental Listing

    Save time upfront by clearly listing your criteria in the listing description. This ensures that you attract individuals who fit the criteria. By including a statement like "All applicants are required to submit a rental application, show proof of income that is 3.5X rent and have at least 650 credit score", unqualified applicants will not bother applying.

  • Pre-screen Over the Phone

    After receiving an application, arrange 10 minutes on the phone with the prospect. This is your opportunity to catch any red flags. You can ask questions about their current living situation, reasons for moving, preferred move-in date, monthly income, references from former landlords and employers, and other relevant details. This will guide the next steps.

  • Get to Know the Tenant at the Property Showing

    Take the time to interact with the tenant personally. This face-to-face interaction allows you to gauge their behavior, professionalism, and interest in the property. If a tenant exhibits tardiness, unpreparedness, rudeness, or disinterest, it might be a red flag to reconsider their suitability.​

  • Require a Rental Application

    Rental applications formally indicate a tenant's interest in your property. Ensure that you gather necessary information such as employment history, residence history, references, and details regarding smoking, pets, rent payment history, evictions, and bankruptcies. Thoroughly reviewing these applications provides valuable insights into the tenant's background.​

  • Reach Out to a Tenant's Employer

    This is a great low-tech and free method to verify their employment status and income. Always find a phone number online for their employer. Requesting pay stubs, W-2 forms, or bank statements can further support income verification but they are easy to falsify today.​

  • Contact Prior Landlords

    Previous landlords have valuable information about the prospect's rental history. Inquire about their rent payment punctuality, unit maintenance, cleanliness, and general behavior. You should contact the current and previous landlords to obtain a complete picture of the tenant's rental track record.

  • Analyze Credit Report and Background Check

    Credit reports use previous payment history to predict their future financial responsibility. Set a minimum acceptable score and stick to it. Don't forget to run a background check, no matter how nice they seem. It helps you protect your property and neighbors from criminals. We like this one

  • Accept or Deny Tenants

    After considering all the information you gathered in this checklist, make a decision to accept or deny. Be decisive and immediately communicate to the applicant. If you'd like or if your local laws require it, you may provide some details about why you denied an applicant.

Let us handle the stress

Threshold combines the latest technology to catch tenant fraud (identity, income, credit and criminal) before it’s too late.

Our cutting-edge property property management saves owners thousands of dollars per year.

PHONE

(800) 636-7606

EMAIL

info@usedc.com

ADDRESS

1521 N. Cooper Street Suite 400 Arlington, TX 76011