Troy, Michigan Property Management Company commits to their promise of reducing risks that endanger client safety. With that, the Real Property Management national office found a new discovery.
Their research study revealed that landlords who manage their own leasing responsibility without doing the right tenant background checks threatens the safety the surrounding neighborhood.
On Real Property Management’s behalf, Liminality, Inc., an independent research firm, did the actual study. In the said research, 150 self-managing homeowners participated. The outcome of the study showed that do-it-yourself (DIY) landlords tend to be sloppy in background checking. Furthermore, other landlords even skipped this step. As a result, more incidences of criminality might take place, such as posing threats to the neighborhood, in rental units.
Study Shows
A little over one-fifth (21%) of the study participants stated that they “sometimes or never” do background checks on a prospective tenant. The researchers discovered that almost half (44%) of the participants check previous tenant sexual offenses. Only 51% perform criminal background checks while about one-fourth (23%) of them “sometimes or never” do credit checks. Only 51% call previous tenant landlords
Importance of background checking
People with criminal records in the past have greater tendencies of doing crimes in the future. Because of that, it puts the neighborhood in danger. Not only that, the Bureau of Justice found out that 76.6% of freed criminal offenders in 2005 were arrested again within half a decade. So criminal background checking helps reduce the risks of jeopardizing the landlord and the surrounding neighborhood’s safety.
Strict background screening
Due to this reason, tenant background screening of Real Property Management in Troy, Michigan is strict. All tenants must complete an thorough application by going through a full background check. This process includes checking of any criminal and sexual violation records, employment history, previous rental history, and credit history. Also, to observe strict compliance with the local, state, and federal policies, they must undergo these checks.
Real Property Management’s thoughts
“We are very surprised to learn many DIY landlords are not disciplined enough to routinely conduct background checks,” Real Property Management national office stated. This renowned property management firm also added that “Not only are they risking an expensive investment in their property, but they could also compromise the well-being of their neighbors. The bottom line is if DIY landlords don’t have the time or resources to screen tenants, they should consult a Troy, Michigan property management company that can do it for them.”
Background check’s ultimate goal
Your Real Property Management team in Troy, Michigan should have extensive tenant screening qualification as part of the many aspects of the entire leasing process.The main aim is to reduce landlord’s safety risks. This aim not only lessens your expenses to a minimum but also maximizes your profit. So if you have clarifications about the background checking process on prospective renters, never hesitate to contact Real Property Management.
Troy, Michigan Real Property Management
Having more than 30 years of experience, Real Property Management is the most trusted residential property management firm in providing professional management for single- and multi-family properties on behalf of homeowners, investors, and institutions across the country.
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.
