The Property Rental Business Risk of Not Running Background Checks

Business is risky. Being a property owner or investor is even riskier, especially when it comes to renting out your investment property to strangers for any amount of time. Sure, you could ask a friend or a family member to move into your rental property, but you still need to screen each applicant so you don’t make a huge, costly mistake.

Applicant background check

So, what are the risks of NOT running background checks on the applicants?

Risk #1: Losing money on eviction proceedings

With the average cost of eviction proceedings being between $3,500 and $5,000, you want to protect your investment any way you can, and this means investing in some tools upfront.…

The post The Property Rental Business Risk of Not Running Background Checks appeared first on SMALL BUSINESS CEO.



RSS Business Feeds

0 nhận xét:

Post a Comment