Tenant Screening: How Are Tenants Selected for My Property? | Jacksonville Property Management Advice
Tiea Vincent - Tuesday, March 27, 2018
One question that often comes up from rental property owners is: how do you select tenants for my property? Today, we are answering that question and explaining what you need to do to find the right tenant for your investment home.
Tenant Background Check
Tenants are required to jump through a couple of different hoops before they’re approved to live in one of our properties. We do a complete background check, which includes a tenant credit check. We look at the credit report, and we want to see scores that are in the range of 600 or above. We will not accept anyone who has landlord or utility debt on their credit reports, or mortgage debt. Those things must be current.
On criminal reports, we don’t want to see any felonies or assault charges. Battery and violent crimes are also a reason not to accept a tenant. Finally, we look at rental references. We talk to the last two property managers or landlords. We ask if the tenant paid on time, had any lease violations, and left the home in good condition. If the tenant has pets, we also do a thorough pet background check.
Property Management Jacksonville
Sometimes tenants have some negative things on their credit reports, but are willing to pay rent in advance. That’s a problem, and we don’t recommend you accept it. We are always planning for the worst case scenario, so we have to think about what would happen if the tenant has lease violations two months into residency. Maybe they start parking in the grass and we need to evict. Or, a hurricane could come through and make the home inhabitable. In that case, we’d have to pay the tenant back all the rent that was prepaid. And, there are rules and regulations about collecting interest on advance rent. So, we never recommend that.
Studies have also shown that tenants paying too much in advance are more likely to engage in criminal activity. They are paying you not to bother them or come into the home. We suggest not doing it.
Tiea Vincent got her start in property management first as a leasing agent and assistant manager in multi family communities on the Southside and in orange park and she was award leasing agent of the year in 2005 for her high closing ratios in leading up homes. In her early years she moved often to follow her military husband, and has done property management and been licensed in three states. She is currently a a member of the National Association of Property Managers, Northeast Florida Association of Realtors, the Florida Association of Realtors, and the Multiple Listing Service.
Tiea has been married to the military since 2003. She has knowledge and experience with all the aches and pains that go along with relocation. This experience helps her make the transition for her owners moving away and new tenants moving to Jacksonville as smooth and stress free as possible. She knows that her attention to detail and "can do with no mess" attitude translates into the DNA of Round Table Realty Property Management.
As the Broker-Owner of RTRPM, she holds a resume that is second to none:
Master Property Manager (MPM)
Residential Management Professional Designation (RMP)
NARPM Rocky Maxwell Award Winner 2012
NEFAR Property Manager of the Year 2013
NEFARPM President 2014
She holds the position of NARPM Nationals Next Generation Professional Chair for 2012-2014
We are an equal housing opportunity provider. We do not discriminate on the basis of race, color, sex,
age, national origin, religion, disability, or familial status (having children under age 18).
*MPM - Master Property Manager designees as of January 2017 Requires the management of over 500 properties and the completion
of 8 property management specific courses. As well as 250 hours in additional service to the property management and real
estate industry .
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