For landlords, filling a vacant rental as quickly as possible is often a top priority. Some may even skip tenant background checks in an attempt to reduce vacancy time and keep rental income flowing. However, renting to the wrong tenant can be far more expensive than waiting a little longer for a qualified renter.
A bad tenant can lead to months of unpaid rent, excessive property damage, and legal disputes—all of which result in major financial losses and maintenance headaches.
This article will break down the real costs of skipping tenant screening and how tenant screening online helps landlords:
Many landlords believe that skipping background checks will help them rent their properties faster. While this may be true in the short term, it can create long-term maintenance and financial problems.
Every rental unit experiences some level of normal wear and tear over time. However, irresponsible tenants can cause extensive damage that requires major repairs and renovations.
Common issues caused by high-risk renters include:
Example Scenario:
A landlord skips the tenant screening process and rents to someone with a history of property neglect. Within six months, the tenant fails to report a leaking bathroom pipe, resulting in water damage, mold growth, and thousands of dollars in repair costs.
If the tenant had been properly screened, the landlord might have noticed past maintenance complaints or lease violations and avoided the financial burden altogether.
A bad tenant not only causes maintenance issues but can also fall behind on rent payments, creating even greater financial strain.
Skipping tenant background checks increases the risk of:
Evicting a tenant due to non-payment or lease violations can cost landlords thousands of dollars in legal fees and lost rental income.
A bad tenant can cause frequent lease breaks, leading to higher turnover costs for landlords. The expenses associated with frequent vacancies include:
When a tenant is screened properly, they are more likely to:
Skipping tenant screening is a gamble that can result in expensive repairs, unpaid rent, and eviction complications. A thorough background check helps landlords avoid high-risk tenants and maintain their properties in excellent condition.
A comprehensive tenant screening online process includes:
Screening applicants before they move in helps landlords filter out tenants who may pose financial and maintenance risks.
A tenant with a good rental history is more likely to:
Screening reports that include landlord references and rental history help identify tenants who have a track record of responsible property care.
Landlords can use tenant screening online to evaluate how well a tenant:
By selecting responsible renters, landlords can reduce long-term maintenance costs and extend the lifespan of their rental property.
A tenant with a strong credit history and stable income is more likely to pay rent on time and take responsibility for any maintenance costs they are required to cover.
Past landlord references can reveal whether a tenant:
An eviction history report provides insights into whether a tenant has:
If a tenant has a pattern of evictions, it’s a major red flag that landlords should take seriously.
LeaseRunner offers:
With instant online screening, landlords can:
LeaseRunner offers flexible pricing, allowing landlords to pay only for the reports they need.
Skipping tenant screening may seem like a way to fill vacancies quickly, but it can lead to major maintenance issues, unpaid rent, and eviction complications.
By using tenant screening online, landlords can:
With LeaseRunner’s screening tools, landlords can avoid costly mistakes, protect their investments, and secure responsible tenants.
At LeaseRunner, we provide landlords with the industry’s most all-inclusive tenant screening services, state-specific lease templates, rental applications, e-sign contracts, and more. Trusted by thousands of satisfied clients across 50 states for efficient, paperless rental management solutions.
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LeaseRunner Ltd
Website: https://www.leaserunner.com/Address: 1850 Woodmoor Dr Monument, Colorado 80132, US
Phone: (303) 325-3665
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