A Case for Increased Tenant Screening during the COVID-19 Crisis Nov 13th

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A Case for Increased Tenant Screening during the COVID-19 CrisisEven in the best of times, fiscally responsible property managers consider running a tenant screening report of critical importance. According to real estate investor Joe Killinger, determining a tenant applicant’s credit report and employment status is only the first part of the rental contract equation. What does a credit report really indicate? It only gauges the possibility of a prospective tenant paying their rent on time. What it can fail to account for is if that tenant will actually be a responsible tenant. What this means is, running a full tenant report that includes a credit check and a full background check, is absolutely essential if a full picture of the applicant is to be had.
But what about in the time COVOD-19? Should the criteria for screening potential tenants be ramped up? The answer to that question is a resounding yes. Under normal conditions, it’s customary to screen tenants for pay stubs which verify their employment, and employment means they can pay their rent on time…

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