Tenant Background Checks
The most basic need a rental owner and McMath Realty has for rental properties, is a good tenant. Remember, a good tenant has three obligations: pay their rent on time, take care of the property, and remain crime free in the property.
When a tenant applies for a property managed by McMath Realty, they fill out an application and give us permission to check their credit and other background issues. We run a credit, civil, and criminal background search. This not only tells us how they have handled their finances, but also if they have any judgements or criminal activity in their background. Discovering this information is critical to our owners for making a decision on the renter they accept for their property. Without this information, an owner is in jeopardy of accepting a bad tenant which could lead to horrific consequences.
According to MyFico.com an individual with a credit score (FICO) of less than 549 has a 72% chance of defaulting on financial commitments.�Sometimes there is legitimate reason for the low�credit score which must be balanced by other factors. Other factors that must be taken into account when considering a tenant are rental history, income, and employment history. This is why you need McMath Realty to help with the critical decision of who to accept as a tenant.
Finding good tenant is what we are all about. Learn more about rental property management at McMath Realty
Weldon McMath – McMath Realty Property Management