Selecting the right tenant is a critical part of property management. Tenant selection is often softened when an agent is looking for a quick commission or an owner is desperate to place a tenant due to a longer than expected vacancy.
One of the most important aspects of making your experience as a Landlord rewarding is placing the right tenant in your property. Once we have an application generated from our marketing efforts, we conduct a detailed background check on the applicants. Some applicants can be very deceptive, even to the point of having friends or family members pose as former landlords or employers so that the information sounds good to the landlord conducting the background check.
GDAA Property Management, LLC. has a stringent minimum rental selection criteria. Applicants must submit photo ID’s, and undergo a thorough background investigation which includes full criminal history, residential/landlord history, credit review, paystubs for verification of income and employment, and a Homeland Security check. Once the applicant meets our minimum criteria, our office will contact you with our recommendation, and to obtain your final approval. Our office follows all the guidelines of Fair Housing, and you will only be provided with pertinent information to make an informed decision. Our office will make a recommendation; you will make the final decision. A thorough background check is crucial to avoid costly mistakes with your property. A bad tenant can be a very expensive ordeal due to lost rent, extra time spent having to deal with them, and damage to the property. While no background check can eliminate the risk of a problem tenant, our thorough examination of their rental history can significantly reduce your risk. GDAA is so confident in our screening process that we offer our leasing guarantee that other than those situations required by law, in the event a tenant does not complete the first initial year of tenancy, you will not be charged a second leasing fee.