As a Fresno Property Management Company committed to helping clients reduce risk, a recent study conducted by the Real Property Management national office is an eye-opener.
Entire neighborhoods are at risk when do-it-yourself (DIY) landlords take on the leasing responsibility without the proper checks in place.
A recent survey was conducted by Liminality, Inc., an independent research firm, on behalf of the nationwide property management firm. Based on a survey of 150 DIY landlords, the study revealed that typically self-managing landlords tend to be more lax with background checks—if they conduct them at all. This increases the chances of criminals—including those who may pose a threat to neighbors—being placed in a rental home.
In fact, 21% of those surveyed said that they “sometimes or never” conduct background checks on a prospective tenant. These DIY landlords also reported these troubling patterns:
- Only 44% check for a previous sex offender
- Only 51% pull a criminal background check
- 23% “sometimes or never” require credit checks
- Only 51% call previous rental references
Why are background checks such an important part of Fresno Property Management?
Those with a criminal background have a higher risk of committing future crimes, which puts neighbors at risk. A criminal background check helps reduce risk for both the landlord and the surrounding neighborhood.
Real Property Management Platinum is rigorous in their background screenings for this very reason. Strict policies are in place to ensure all tenants complete a thorough application and consent to a full background check, including credit history, employment, previous rental history, and criminal and sex offender checks. These checks are conducted in strict compliance with local, state and federal regulations.
“We are very surprised to learn that many DIY landlords do not routinely conduct background checks,” said Real Property Management Platinum. “Not only are they risking an expensive investment in their property, but they could also compromise the wellbeing of their neighbors. The bottom line is if DIY landlords don’t have the time or resources to screen tenants, they should consult a Fresno property management company that can do it for them.”
Your Real Property Management Platinum team includes thorough tenant screening qualification as just one of many aspects of our complete leasing process. The goal is to reduce risk for the property owner while minimizing costs and maximizing cash flow on your rental property. If you have questions about conducting more thorough background checks on your prospective tenants, contact us at (559) 324-9400.
About Real Property Management Platinum
Backed by 25 years of experience, Real Property Management Platinum is the leading residential property manager across the Fresno area, providing professional management for single and multi-family properties on behalf of homeowners and investors throughout the area.