Ever wonder why your landlord asks you all those questions? Why you have to fill out endless forms every time you go apartment hunting? Well there is actually a good reason for it. Being a landlord is like being a business owner and the apartments are your business. Its the landlords job to insure that the apartments are a safe environment, both for the tenants benefit and their own.
After all, if they get a tenant who decides to destroy the property because they are having a bad day, the landlord is responsible for paying for the damages.Its true that they can often get the money back in court, however that takes time and even more money, and until they manage that they have to pay for everything out of pocket, which could be thousands of dollars.Many landlords also depend a great deal on the money that comes from the tenants. There are a great deal of property taxes involved in owning an apartment. Without having that money coming in, many have no way to pay for it. So in truth its in the landlord’s best interest to find a tenant who is capable of paying rent, likely to stick around, and not liable to go on a rampage and destroy the property. They also want to make sure you personality is a good match for their buiding.
However, landlords, aren’t mind readers. That’s why potential tenants are required to fill out applications and submit to tenant screening. The information asked is only part of the process. Landlords take that information and use it on tenant credit report sites, to get information such as credit reports, criminal records, and number of prior evictions. The also verify that you are who you claim to be, something that has become more important in today’s society, where identity theft is rampant.
Landlords look at things like credit, how steady your job is, the amount of money you make and how much you have in account as a way to judge how likely you are to pay rent. Eviction records and criminal records generally can tell landlords how likely you are to cause issues. Last thing a landlord wants is to find the cops at their door because of something a tenant did.
What seems like an endless pain to tenants is the landlords best protection against scams and risky tenants. So when your filling out one of those applications, consider this, you probably don’t want a neighbor selling drugs next door, or damaging any of your property either.