Across Florida, property prices are increasing. It's no wonder that investors are choosing to acquire property in Orlando and surrounding areas.
Renting out an investment property makes a lot of sense. It allows you to cover your costs and maybe even make a monthly profit while you wait for the chance to flip the property. But unless you're using proper tenant screening services, you might be opening yourself up to problems.
Want to learn more about the tenant screening process for investment properties in Orlando? We've created this guide to help. Read on to find out everything you need to know.
The Basics
A tenant background check involved several key features. They might take a little time and effort to carry out, but it's well worth it for the extra security you'll enjoy. Key steps include:
- Criminal record check
- ID verification
- Face-to-face meeting
- Checking references
Be sure to follow up on all your checks. Don't just take the details and assume your tenant is telling the truth.
Don't Skip Using Screening Services for Investment Properties
So you've bought an investment property and you're hoping to flip it within a few years. With that in mind, you might think there's no need to pay too much attention to the fine details of a tenancy. After all, you might sell the property with the tenant still in place, saving you the need to have many dealing with them.
Don't fall into this trap. Your investment may only be in your hands for a short time, but if you don't take care of your Orlando property, you could lose a lot of money.
If your tenant fails to pay the bills, you might need to pay out of pocket for expensive eviction proceedings. Or if the tenant damages the property, you may need to make expensive renovations and repairs before you can sell.
Tenant Screening Services Get the Job Done
The best way to ensure quality tenant screening is to work with a quality property management company. That way, you can avoid slip-ups and benefit from the skills and experience of professionals in the field.
We have the expertise and resources to conduct quality tenant screenings that can protect you and your property. We've done this many times before and we know all the tricks of the trade. When you trust us to conduct your tenant screenings, you can relax safe in the knowledge that we've done our homework on your new tenant.
Property Management Services to Suit Your Needs
When you invest in property, renting it out is a great way to maximize your profits. But you don't want to spend a lot of time dealing with the daily business of tenants.
That's where we can help. From tenant screening to repairs, we can manage your property for you. Get in touch today and find out more about our tenant screening services and the other ways we can help you.
