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Published on: Jun 20, 2024
After Nomad has confirmed that an applicant group meets our standard for Guaranteed Rent eligibility, checking references is a step many property owners like to take. This process can provide insights into the applicant's past behavior, reliability, and suitability as a tenant. By speaking with previous landlords or property managers, you can gain a better understanding of the applicant's rental history.
Nomad will collect an applicant’s rental history during the application process, it is your responsibility to contact these references if this feels important to you.
Checking references can help you uncover any red flags that might not be evident from a credit report or background check alone. For instance, it can reveal patterns of late rent payments, property damage, or disputes with neighbors. Conversely, a positive reference can confirm that the applicant is responsible, financially stable, and respectful of property and community rules. Here are some essential questions to ask when checking a renter's references:
Confirming the applicant's residency dates helps verify their rental history and ensures there are no discrepancies in their application.
Timely rent payments are a key indicator of a responsible tenant. This question helps you understand their payment habits.
If the applicant has a history of late payments, it's important to know the frequency. Occasional late payments might be acceptable, but a pattern could be a red flag.
Returned payments can indicate financial instability. Knowing if this has happened can help assess the applicant's financial reliability.
If the applicant has pets, you'll want to ensure they followed your property's pet policies and that there were no issues related to their animals.
This question can reveal if the applicant has had any behavioral issues or conflicts with neighbors, which can be a sign of potential problems.
An outstanding balance could indicate financial issues or a lack of responsibility. It's important to know if they left any unpaid rent or fees.
Proper notice indicates that the applicant respects lease agreements and follows proper procedures, which is a positive sign.
References from family members can be biased. It's important to know the relationship to ensure the reference is objective.
This is one of the most telling questions. If a previous landlord would not rent to the applicant again, it might be wise to consider other candidates.
By asking these questions, you can gather valuable insights into the applicant's rental history and make a more informed decision. Remember, thorough screening helps in selecting tenants who are responsible, reliable, and a good fit for your property.
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