Florida Suncoast Property Management, LLC‘s team reviews every application in accordance with Federal Fair Housing Laws, Florida State Laws and Local Laws. We ensure all applicant information is held confidentially and it is discussed with the qualified or unqualified tenant and reasons behind accepting or denying them as tenants!
Awesome Tenant Screening Process!
Florida Suncoast Property Management, LLC uses the most thorough screening process to ensure your property is only rented to the best tenants. Placing a quality tenant is very important. Our goal is to find the right qualified tenants who pay rent on time, understand and follow the leasing terms, take care of your home and respect the neighbors. We take great pride in placing the RIGHT tenant in your home!
Evaluating Applicants Credit Score!
While a low credit score does not necessarily mean the applicant will be a bad tenant, there are certain factors to consider.
• Set a minimum credit score for all applicants.
• Review the amounts and types of debt on the report.
• Look at the overall history of the accounts and what is affecting the overall credit score.
Ensuring Great Rental History!
• A strong rental history is often a sign that the applicant will be a qualified tenant.
• Ask for the current/previous landlords contact information to do a rental verification.
• The number one red flag is a previous eviction, which will likely disqualify most applicants.
• Check for a history of late filings.
• Always check to see if the applicant owes money to a previous landlord.
Do They Have the Income $!
You want to make sure the qualified tenant has verifiable income to be able to make their monthly rent payments.
• Applicants need to submit proof of income: this can be their two most recent pay stubs, most recent tax returns or sometimes a verifiable offer letter from a new employer.
• Minimum combined household income should be no less than 3 times the monthly rent.
• Consider the applicant’s other financial responsibilities when considering their ability to pay.
Criminal Background Check!
We do keep in mind that having a broad policy of denying housing to a prospective tenant with any type of criminal history would be considered discriminatory under the Federal Fair Housing Act. Things to consider:
• Length of time since conviction?
• Number of offenses?
• Would the applicant put other tenants/neighbors at risk?
• Would the applicant put the property at risk?
• Does the conviction influence the applicant’s ability to pay?
To get started with a Free Rental Quote Price Analysis!