4 Reasons You Should Conduct Background Checks

Don’t forgo the background check or you may be sorry. Read more about how a simple background check can save you from a lot of hassles in the long run. For many property owners, going through the process of conducting a background check on prospective renters may seem like just one more hassle and/or cost. Many property owners will rent out a property to someone because they “have a good feel” for the person upon their initial meeting. Good feelings aside, however, you honestly have no idea who a prospective renter really is. Before you trust them with your...

How to Screen Tenants Effectively

Screening tenants is a must!   Will you get paid? Will they take care of your property? Are they real? Initial Tenant Screen: An initial phone conversation with a prospective tenant can help you answer these questions: Why are you traveling? When do you need the property? Do you have any special needs? Have you stayed in a furnished rental before? Who will be staying in the property and are any guests minors? Are you anticipating any visitors? Are you bringing any pets? Be on the look out for any potential red flags and ask for clarification when necessary....

Tenant Screening Made Easy for Corporate Housing Landlords

Every so often I like to blog about a value-added feabture CHBO offers its members. Today I’d like to talk about the importance of  tenant screening and how to do it. Too often, landlords will skip the credit check and background check, likely due to cost or they don’t know how to do it. CHBO takes the guess work out of the process through it’s partnership with TransUnion’s MySmartMove program. To run a credit or background check on your tenant, simply visit MySmartMove page at https://chbo.mysmartmove.com. CHBO has pre-negotiated rates for all CHBO members to take advantage of – score!...

Stop! Ask Your Corporate Housing Landlord These 3 Questions

Are you a soon-to-be corporate housing tenant or renter?  If yes, before you rent, ask your landlord these three important questions: Is this property legit? Ask a lot of questions to understand if the property is legit. Ask the owner for references to previous tenants, never wire money, require a phone conversation and be smart – if it doesn’t feel quite right, trust your gut. There are a lot of scammers out there so these extra steps will make sure you’re renting a real property. Will you run a credit check on me? Understand if the landlord is going...

Corporate Housing Rental Documents 101: The Rental Application

This article is part of a series of articles discussing the various documents you’ll need as a corporate housing landlord. A rental application is the first step to making sure the tenant is a viable tenant – consider it the qualification step. Before signing any lease agreement with a potential renter, ask them to fill out a rental application. You can create one on your own, Google search for a template, or simply login to your CHBO account – a sample Rental Application is available to members in the “Forms and Documents” section. A rental application should include all...

Do Corporate Housing Landlords Consistently Run Credit and Background Checks on Tenants?

We’re continuing our blog series to share key findings from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends. Credit and background checks are quickly becoming an interesting topic for corporate housing landlords. With more people bearing bad credit because they’ve gone through bankruptcy or foreclosure on a previous property, it’s become more clear that all landlords must be on-guard with the individual who rents their properties. In today’s environment, credit reports are often used...

Turning That Inquiry into a Rental

Now that summer vacation season is upon us, you may get lots of people emailing and calling you to inquire about your furnished rental property. It’s more important than ever to effectively convert those leads into rental customers. Here are some tips to help convert a prospect into a customer: Respect Each Lead: You never know unless you try. Don’t let initial obstacles get in the way, such as a lower budget or pet limitations. You never know what a prospective customer will be willing to comprise on. Time is of the Essence: Be sure to call or email...

The Top 5 Reasons to do a Background Check on Prospective Renters

For many property owners, going through the process of conducting a background check on prospective renters may seem like just one more hassle and/or an additional (potentially unnecessary) cost.  Many property owners will rent out a furnished property to someone because they “have a good feel” for the person or liked them upon their initial meeting.  Good feelings aside, however, as a property owner, you honestly have no idea who a prospective renter really is and, before you trust them with your property, you might want to consider the following before foregoing a background check: Running a background check protects...

Checking Out Potential Tenants with Background Checks

One way a landlord can protect herself against bad tenants is by conducting a simple background check on each and every potential tenant; after all, you want to make sure your home and the furnishings in it will be treated with respect and you want the best tenant possible. The Internet has made is uber easy and inexpensive to conduct background checks on potential tenants. You can check everything on a potential tenants, including an individual’s: Credit Report Eviction Report Applicant Fraud State and National Criminal Report Sex Offender Search Terrorist Search Prior Address History Verification. Such reports will enable...