When you start renting your apartments, finding the right tenant without worrying about rental scams is not easy. Nowadays, many scammers are taking more advantage of potential renters due to the rise of online rental property searches, appointments, and applications. As a result, determining who is genuine and who is a forgery is becoming increasingly difficult.
Further, the best property management company in Redondo Beach helps eliminate the risk of rental scams by educating tenants and property owners.
In this blog, we will discuss how property management helps landlords avoid tenant scams. So, keep reading to learn more.
Role of a property management company in eliminating rental scams with landlords
Most of the time, we hear about how a tenant came across a fraudulent rental ad while searching for a home. But scams go both ways, as landlords also get trapped in tenant scams many times. The most common tenant scams that landlords can face are:
False Rental Verifications
As a landlord, it is very important to verify and check the tenant’s previous rental history. One needs to look into whether a tenant has a poor history or had any issues with the prior landlord or not. Property manager’s help in carrying out such verification as if tenants have had any horrible history, it will lead to many problems in the future.
Unofficial Credit Reports
Before renting the house to any tenant, it is important to check the prospective tenant’s credit report, which gives you valuable insight into their financial health.
Tenants may provide landlords with a fake report, but when property managers talk to them professionally, they have to provide their real credit report. Always remember that if a bad tenant has signed the lease and gets the keys, moving them from the home requires a costly legal eviction.
Therefore, owners must take great care in the qualification screening process and always obtain their tenant’s current report.
Not Disclosing Occupants
When a landlord hands over the lease agreement to the tenant, it should always list the tenants and any additional occupants. The best property management company in Redondo Beach assists landlords in negotiating lease agreements without the stress of going to court.
Listing all the details in the lease agreement helps maintain an official record of tenants and their occupants, as these individuals are allowed to live in the rented house.
After all, if a tenant is not ready to disclose who or how many people they plan to move in with, you should always avoid their move. This can cause significant problems for the landlord as they might have anything suspicious that they do not want to go through the proper screening process.
Furthermore, sometimes you may encounter a person who applies and signs the lease without the intention of ever living there. Instead, they rent the unit to someone else who perhaps would never have qualified otherwise. Remember, as a landlord, you have the right to know who will occupy the property.
Selling Goods or Operating a Business
According to the law, residential apartment buildings and individual homes cannot be zoned for business use. In the lease agreement, it has always been agreed that tenants may not use the property for business purposes. So it is the primary responsibility of property managers to ensure that no tenant should abide by this law.
As we know, choosing to rent out an investment property comes with an inherent amount of risk. However, due diligence, along with the proper support and processes in place, can significantly mitigate these risks.
Real Property Management Choice, the best property management company in Redondo Beach, helps eliminate any fraud risk with the landlord.
Visit our website to learn how we can provide excellent benefits and save you from various scams.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.