Conducting thorough, comprehensive tenant background checks is one of the most important things you can do as a real estate investor -- whether you're renting your home on Airbnb or full-time to a long-term renter. Not only does it ensure you choose tenants who can (and will) stay current on rent, but it also helps you avoid bad tenants -- ones who will ruin your property, and your profits right along with it. Want to make sure you're doing all you can to get the best tenants? Here are 11 of the best tenant screening services that can help:
With RentPrep, the premium tenant screening package gets you a full history of evictions and bankruptcies, verification of the renter's Social Security number and address history, a nationwide criminal record and sex offender search, and a full credit report. You can also add on a judgment and lien history if you want to really safeguard your finances.
SmartMove is a program from credit bureau TransUnion. Use it to get a full credit, criminal, and eviction report on a tenant, as well as an income insights report to gauge how accurate their self-reported earnings really are. SmartMove also assigns potential tenants a "ResidentScore" which assesses their level of risk and predicts their chance of eviction.
Experian Screening Services
Experian, another credit bureau, also offers tenant background checks and reporting. The basic package comes with details on public record filings (like evictions, bankruptcies, and tax liens), as well as a credit report, payment history, and details on the tenant's names, addresses, and employers. More detailed reports include fraud summaries, rental decision recommendations, and more. SEE THE FULL LIST