Definition of a Rental Verification
Verifying your tenant’s rental history can help you determine if the information in their rental application is accurate. Rental verification forms can give you peace of mind when making your decision on who to rent to.
What is a Rental Verification?
Rental verification is the process of landlords contacting an applicant’s previous landlord to confirm and verify the rental history they listed on their application. While credit checks and rental background checks provide insights into a tenant’s financial habits and criminal history, rental verifications present landlords with an opportunity to connect with previous landlords to share their experiences with the applicant.
What is a Rental Verification Form?
Rental verification forms are an important tool for landlords when screening tenants. Rental verification forms are used by landlords to confirm and verify an applicant’s rental history.
A rental verification form typically includes:
- The name, address, and phone number of the landlord or rental property management company
- The length of time the tenant lived at the property
- The reason for leaving
- The rental amount
- If the rent was paid on time
- If there were any late payments
- If there were any bounced checks
- If the tenant caused any damage to the property
- If the tenant was ever evicted
- If the landlord would rent to the tenant again
- The landlord’s contact information
The Importance of Rental Verification in Screening Tenants
Rental verification is an important step in screening tenants. By verifying an applicant’s rental history, landlords can get a better idea of what to expect from the tenant. Rental verifications provide landlords with an opportunity to connect with previous landlords to get their experience with the applicant.
Verifying your tenant’s rental history can help you determine if the information in their rental application is accurate. Rental verification forms can give you peace of mind when making your decision on who to rent to. By contacting the applicant’s previous landlord, landlords can get valuable insights into the applicant’s rental history and habits.
Landlords should take the time to verify an applicant’s rental history before making a decision on who to rent to. By contacting the applicant’s previous landlord, landlords can get valuable insights into the applicant’s rental history and habits.
How to Verify a Potential Tenant’s Rental History
There are two options for verifying a tenant’s rental history, and both can help you make an informed decision about whether or not they will be responsible renters in your building. You can either contact a tenant’s landlord references directly or use property management software platforms to automatically do it for you.
The best way to handle a tenant’s rental verification process is by using property management software platforms. These programs will automatically contact references and allow you the peace of mind that all information has been collected properly, which allows for more time on other tasks in your business.
Whether you contact a tenant’s landlord references directly or use property management software platforms, be sure that the information is up-to-date.
1. Make a Request for the Rental Application
Property management software is a great way to streamline the process of finding and maintaining tenants. This process requires applicants to provide their residential history with previous landlords’ contact information. When an applicant provides you with their residential history, property management software can help you contact their previous landlords for information about them so as to make sure that they will be responsible homeowners in good standing before renting out the property.
When filling this out, applicants will be asked about any documented complaints they’ve had with their last place of residence, as well as the reasons why one might choose not to rent from them again, if possible.
2. Review the Answers From the Landlords to Your Questions
You can determine whether or not your new tenant has been honest on their rental application by looking at what previous landlords answered in the questionnaire. If they were being honest with their answers and it seems like a good fit for both parties, then there should be no problem. If you notice anything suspicious, don’t hesitate to call them out and ask for clarification.
3. Directly Contact Landlords for Additional Information
Landlords have the opportunity to reach out and ask questions about renters with specific comments or concerns. If there are things that don’t seem right, this could be an excellent chance for you to get more information.
If there are any questions you have about the applicant that weren’t answered in their questionnaire, don’t hesitate to reach out.
0 Comments