When it comes to tenant background checks, there are seemingly countless options. But for independent landlords, it’s important to understand what’s essential and what’s not. You don’t want to overspend and narrow your profit margin, but you also don’t want to miss vital information that could affect you down the line. Understanding each component that comprises a background check lets you make a better, more informed decision about which you need and which you don’t.
Identity Verification and Background Check
If you only choose two items to have checked, they should be identity and background. The first confirms that the social security number the applicant provided is valid, and that it’s not associated with a deceased person, which is a type of synthetic fraud.
A background check is a generalized term that typically covers evictions, liens, previous bankruptcies, etc. It’s a basic and important check that can identify factors that may affect whether you chose to rent to the applicant or not.
If these two items are what you’re looking for in a screening service, order E-Renter’s Basic Package.
Most of us are familiar with credit checks. It allows landlords to investigate an applicant’s financial history. This will help you decide a renter’s risk level. The better the score, the more likely a person is to pay rent in full and on time.
Interested in adding a credit check to your screening check? The E-Renter Premium package includes identify verification, a background check, and a credit check.
Name and Address History
As the title suggests, a name history check identifies any aliases and previous addresses associated with an applicant. While this information alone may not help you decide if you should rent to someone, it can give you a fuller picture into a candidate’s history.
Rent Check Advisor®
Taking checks from renters is convenient for you and for them, but it comes with a certain amount of risk. With Rent Check Advisor®, you can make an informed decision. This comes only with the Premium Screening Package and makes a recommendation as to whether to accept rent checks.
Choose E-Renter for Your Tenant Screening Needs
Whether you’re shopping for a thorough check or something more basic, E-Renter has options that suit your needs and your budget. Best of all, it’s pay-as-you-go, so you can choose the tenant screening package that fits your circumstances each time you place an order.
Create an account and get started with E-Renter today!