A rental property can be a lucrative investment, but with the wrong tenants, it can quickly turn into a costly nightmare. That’s why you should always thoroughly screen every prospective renter. Here, the property management staff at Classic Maui Properties in Pukalani, HI explain a few reasons why, as well as what to look for in ideal tenants.

Why Screening Rental Property Tenants Is Important

1. Reliable Finances

A rental property tenant may seem fine on the surface, but you need to know that they can afford rent on a monthly basis. Look into their current employment to get an idea of their financial responsibility. Ask for a letter from their employer proving their employment and pay stubs from previous months. You can also do a credit score check. These documents will provide the comprehensive financial portrait you need.

2. Liability Issues

Tenants with a criminal history can be a liability, so you should always do a background check. You can’t discriminate when marketing a rental property, but you are able to turn down tenants with serious criminal backgrounds. There are a variety of databases you can access, and having law-abiding tenants will provide peace of mind.

3. Eviction Prevention

The eviction process can get drawn out when dealing with security deposits and other issues. Avoid this complication by screening prospective tenants. When you turn away potentially problematic tenants, you’re less likely to deal with evictions or related violations like late rent, property damage, and disturbances down the road.

Interviewing tenants for your rental property can be a hassle, so let Classic Maui Properties help you. This leading company has provided a variety of real estate-related services for the past 40 years, including appraisal and property management. When they handle properties, their unrivaled service ensures rent, maintenance, tenant screening, and any other issues are dealt with smoothly for your convenience and financial benefit. Call (808) 878-1001 today to make an appointment to discuss your needs, and visit their website to learn more about their services.