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Property Management Dangers: The Risks of Neglecting Background Checks

As a Gainesville GA Property Management Company committed to helping clients reduce risks, studies in the Real Property Management industry reveal greater risks if thorough background checks are not conducted.

Entire neighborhoods may be at greater risk when do-it-yourself (DIY) landlords take on the leasing responsibility without the proper checks in place. Studies continue to reveal that many self-managing landlords tend to be more relaxed with background checks—if they conduct them at all. This may increase the chances of criminals—including those who may pose a threat to neighbors—being placed in a rental home.
In fact, almost a quarter of those surveyed said that they “sometimes or never” conduct background checks on a prospective resident. Some “Do-It-Yourself (DIY)” landlords also reported troubling patterns:

Only slightly less than half check for a previous sex offender

• Only slightly over a half pull a criminal background check or even contact previous rental references

• Only a quarter sometimes or never” require credit checks

Why are background checks such an important part of Property Management in the Gainesville GA area?

Those with a criminal background may have a higher risk of committing future crimes, which puts neighbors at risk. The Bureau of Justice reported that a preponderance of prisoners released were re-arrested within five years. A criminal background check helps reduce risk for both the landlord and the surrounding neighborhood.

Real Property Management Stellar is rigorous and consistent in background screenings for this very reason. Strict policies are in place to ensure all potential residents complete a thorough application and consent to a full background check, including credit history, employment, previous rental history, and criminal as well as sex offender checks. These checks are conducted in strict compliance with local, state and federal regulations.

If DIY landlords are not disciplined enough to routinely conduct background checks, not only are they risking an expensive investment in their property, but they could also compromise the wellbeing of their neighbors. It’s akin to “pay a little now, or pay more later!” The bottom line is if DIY landlords don’t have the time or resources Real Property Management Stellar has to screen residents, they should consult a Real Property Management Stellar do it for them.

Your Real Property Management Stellar team includes thorough resident just one of many aspects of our complete leasing process. The goal is to reduce risk for the property owner while minimizing costs and maximizing cash flow on your rental property. If you have questions about conducting more thorough background checks on your prospective residents, please contact us!

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