Tag: Scoring System

For most landlords, making informed decisions about tenants is a top priority. It’s essential to identify untrustworthy or risky tenants before you allow them to rent your property. The consequences of forgoing tenant screening can be harsh if you end up with a bad tenant. In a best-case scenario, a problem tenant might make a few late payments and incur late fees. In a worst-case scenario, however, you could be looking at thousands of dollars in eviction fees and property damage, plus tenant grievances and legal liability. So what is the best way to avoid these consequences? One solution is to employ a tenant scoring system in your screening process. Tenant scoring helps you document your standards for accepting tenants and prevent those worst-case scenarios. Here are four be...