Being a landlord can be rewarding, but there is a certain amount of risk involved. A tenant that is negligent with a property and rental agreement can lead to untold financial hardship and stress. Setting some reasonable minimum requirements is within the rights of landlords and can help with avoiding potential problem tenants. Here are four non-negotiable standards to consider enforcing:

1. No Past Evictions

An eviction is one of the worst black marks a tenant can have, and it paints them as a risk in any rental situation going forward. While people can change, a prudent landlord will make it a policy never to rent to someone who has been evicted. A resident screening service can help with determining if a client has ever been evicted or is embroiled in legal proceedings with a former landlord.

2. New Tenants Monthly Income Must Be Three Three the Expected Rent

The standard of requiring the renter’s income to be three times as much as the stated monthly rent is a reasonable expectation and a policy that’s been enforced by many landlords. Banks, lenders and financial institutions have also used this standard with great success. Enacting this requirement can help landlords to connect with quality new tenants who will be able to pay their rent on time on a consistent basis.

3. At Least 3 Positive Character References

Many savvy consumers seek referrals, recommendations and positive reviews of businesses before using their products or services, and screening potential new tenants should be no different. If an applicant cannot provide at least three positive character references from past landlords, employers or educators, this is a big red flag.

4. No Criminal Record

A criminal past is another non-negotiable for landlords looking to minimize their stress and maximize profits. Sure, people can change, but renting to someone with a criminal record remains a huge risk. Make use of a quality tenant screening service to determine if an applicant’s record is clean.

Lastly, minimum requirements should be clearly stated in the rental ad, on the application and told to prospective new tenants in person so that they are clear on what is expected of them. That way, if they must be eliminated due to not meeting these standards, it will not come as a surprise.

Disclaimer: The information on this website does not constitute legal advice and is governed by our Terms of Use. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this website and its associated sites.

Whether it’s a buyer’s or renter’s market, there are some specific things that landlords can do to optimize their properties, justify raising rents, and keep rents in the high end of the range for the area.

Here are the top 5 most cost-effective steps any landlord can take to raise rents and retain quality tenants:

1. Repainting

This may seem like a no-brainer, but the impact vs. cost of repainting a property warrants a top spot on this list. A fresh coat of paint does wonders for both the interior and exterior of a property, creating a “like-new” atmosphere and a clean slate on which new tenants can create their own vision of home.

2. Professional Cleaning

If there’s no time or resources for repainting the property, professional cleaning is a must and will help raise rents. A unit that’s been freshly-scrubbed from top to bottom is far more likely to command a high rent than one with obvious signs of use.

3. Switch Out Carpets for Laminates

Carpet may be appealing to a certain percentage of people, but overall, it’s often more trouble than its worth. Carpeting can quickly become stained and damaged by tenants, diminishing the overall perceived value of the unit. Consider removing carpets from units and instead installing durable, attractive laminates, which are now available in just about every wood grain and tile look imaginable.

4. Affordable Kitchen Upgrades

For many potential tenants, the kitchen is the room that influences their decision the most about whether or not to rent a property. Kitchen areas can be affordably upgraded with cabinet refacing or by at least upgrading the cabinet and drawer hardware to a modern style. Faucets and fixtures can also be upgraded affordably, and a new contemporary tile backsplash in an older kitchen can become an attractive focal point while giving it modern style. Thus, kitchen upgrades represent another opportunity to effectively raise rents that can be charged.

5. Tenant Screening

There is no better way to guarantee high-caliber tenants in all units than with tenant screening. A tenant screening service can screen for criminal records, past evictions, sex offender registry, and more. Quality tenants tend to attract more quality tenants, further justifying higher rent prices and contributing to lower renter turnover.

The higher the rents a landlord can charge, the more lucrative owning rental property can be. Use these five easy tips to improve properties affordably, raise rents, and attract premium renters.

Disclaimer: The information on this website does not constitute legal advice and is governed by our Terms of Use. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this website and its associated sites.

For years, we at EvictionRecords.com have made customer service our top priority. Not only do we provide our clients with accurate, instant eviction records, criminal background records and court records, but we also give them access to many of the resources that they may need during their resident screening search. With that in mind, we have recently launched a resident screening resources page on our website.

The resident screening resources page is designed to provide landlord resources, property manager resources and real estate professionals with links to free resident screening resources that might help them in their search for the right tenant. Many of the links on the resident screening resources page provide information free of charge to interested parties.

Landlords who are currently undergoing the tenant screening process will find many of these resources to be especially useful to them during their resident screening search. Some of the tenant screening resources that are included on the new website include:

• Best Background Checks
• AMBER Alert
• County Name and ZIP Code Lookup
• Annual Credit Report
• Federal Bureau of Prisons Inmate Locator
• Public Access to Court Electronic Records
• National Sex Offender Registry

As an expert in the eviction records and tenant screening industry, we at EvictionRecords.com have handpicked these websites as resources for our visitors. Our clients have found that these services have helped them obtain the information they need about potential tenants for their properties. As we are committed to constantly improving the experience for our customers, we wanted to make it as easy as possible for our clients to access these free landlord resources.

EvictionRecords.com is a top provider of instant eviction records, criminal background records and court records searches. Our background records are not only accurate, but they also are easy to read and interpret. We have customer service professionals available during business hours in order to help our clients get the most out of the services that we offer.

We have always had a commitment to our customers and the resident screening industry. Recently, the company has joined forces with others in this industry by becoming a member of the important resident screening industry organization, the National Association of Professional Background Screeners. The NAPBS consists of 300 members across the country, all of whom are affiliated in one way or another with this important, ever-changing industry.

We are a regular voting member of this organization. Regular members are resident screening organizations or other background screening organizations. Regular members work alongside non-voting affiliate and associate members, who are indirectly affiliated with the industry. Associate and affiliate members often include lawyers, insurance agents, consulting firms, public records retrievers and human resources professionals. Together, these parties work together to educate one another, improve the industry, train for the future and gather industry news.

One major goal of the NAPBS is to advocate our causes, such as privacy rights and consumer protection, to local, state and national government officials. We look forward to participating in these advocacy efforts, and we support the NAPBS as they work to improve not only the resident screening industry but also the world around us. This is an important function of any professional organization, and the NAPBS takes its advocacy efforts seriously.

The NAPBS is committed to providing the best resources for its members, and we are committed to taking full advantage of membership benefits. We plan to take an active part in this organization, and look forward to attending conferences, training opportunities, meetings and webinars in order to get the most out of our membership. We look forward to networking with other professionals in the industry. Our customers rely on our information and our national resident checks in order to make important decisions, and we recognize the important role that we serve.