When do-it-yourself (DIY) landlords do leasing without proper tenant background checks, including criminal check, income verification, and previous landlord references, entire neighborhoods might be put at risk, as can the landlord and the property itself.
A recent survey by Liminality, Inc., an independent research firm, 150 DIY landlords showed that DIY landlords are much less stringent on tenant background checks, and may not even perform them at all. The result is an increase in the chances of criminals being put in a rental home. The below infographic provides details.
People with criminal backgrounds possess an increased risk of committing additional crimes, and this will place neighbors to the rental property at risk. As such, criminal background checks on tenants will assist in lowering the risk not only for the landlord and his/her investment, but also for the area neighbors. Because of this, Real Property Management offices perform strict tenant background checks. Policies exist so that all tenants must complete an application, as well as agree to a full background check, including credit history, employment history, previous rentals, and criminal/sex offender checks, performed in compliance with local, state, and federal regulations.
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