Is Outsourcing Your Tenant Screening Process in Lynnwood, WA a Good Idea?

Is Outsourcing Your Tenant Screening Process in Lynnwood, WA a Good Idea?

Have you recently invested in rental properties in Lynnwood, WA?

If so, congratulations; you made a financially sound move, considering now is a great time to be a landlord in Lynnwood. After all, it's one of the fastest-growing cities in Washington. And with this population growth comes the potential of having more tenant applications.

However, that also means you have your tenant screening work cut out for you, as you'll have more applicants to screen.

To simplify things, consider outsourcing the screening process to professionals. We'll explain why this is a good idea, so read on.

Spend Less Time Trying to Find Renters

The more tenant applications you get, the more time you'd need to decide which ones to accept as your renters. Meanwhile, your properties sit empty, not making money.

To minimize your property's vacancy rates and profit losses, hire tenant screening professionals. Since they're a team of experts, they can conduct comprehensive screening tasks simultaneously. As a result, they can help you rent your investment property in as little time as possible.

Thorough Tenant Screening Procedures

It's never okay to be lax when screening tenants so you can rent your properties ASAP. This can put you at risk of renting out to the wrong people.

For example, it may turn out that the tenants you accept have multiple prior evictions. This can happen if you don't perform a rental history check and verify tenant references.

Unfortunately, people with eviction histories are often more likely to face future evictions. And it's also prevalent; 2.7 million U.S. households face eviction yearly.

You're less likely to deal with such issues if you work with tenant screening professionals.

While professionals strive to rent your property quickly, they never skip any step. Besides verifying rental histories and references, they'll also perform tenant credit checks. Moreover, they'll look into each applicant's criminal background and history.

Enjoy Eviction Protection Coverage

Reliable property management companies back their tenant screening services with guarantees. An example is an eviction protection plan you, the landlord, can subscribe to. It protects you from the stressful, time-consuming, and costly legal process of eviction.

An eviction protection plan kicks in if your property manager must evict a tenant they screened and placed. They'll handle the entire process on your behalf, from filing it to attending court hearings. They'll even pay up to $2,000 in eviction-related costs.

Without eviction protection, you'll deal with the process and pay for all its costs out of pocket.

Time to Outsource Your Tenant Screening Process

Outsourcing tenant screening to professionals is a much quicker, more efficient way to find tenants. And not just any tenant, but qualified and trustworthy ones. You also get the assurance that only an eviction protection plan can provide.

So, consider investing in the professional tenant screening services our team here at PMI Brewder Realty provides. As a full-service company, you can rely on our extensive experience delivering high-quality property management solutions.

So, connect with us today! We look forward to discussing how our services can help you find the best Lynnwood tenants.