Owning investment properties in Chicago is one thing, but owning investment properties in Chicago that make you money is another. One of the biggest factors in your investment property making money is picking the right tenants. Having the right tenant can turn your investment property into a hassle-free money maker; while having the wrong ones would mean something completely different. Between evictions, late or unpaid rent, and damage to the property, you simply cannot afford to have anything less than the highest quality tenants.
Screening tenants on your own can be difficult and challenging. While you can often screen potential tenants in person, in person screening is only so effective. It is nearly impossible to really know the quality of a tenant based solely on an individual meeting. Doing the legwork to call past references and landlords are important steps to really make sure you are finding a quality tenant as otherwise lower quality tenants can slip through the cracks. Pulling full credit and criminal background checks are important steps as well to make sure only the highest quality tenant is picked for your property.
At Letts Property Management we utilize an industry leading tenant screening process that includes a full credit and criminal background check along with a full eviction search. This screening process helps ensure that only the highest quality tenants are considered for your property. Having the highest quality tenants ensures that rent is not only paid, but paid on time. To learn more about our proprietary tenant screening process and the rest of our Chicago property management services, please gives us a call at 630-324-4267 ext. 3 or contact us today.
