Landlords and employers are two groups of people that have one thing in common. They both perform background checks on a regular basis. A background check reveals a lot about a person, and this is a necessity for finding potential employees and tenants.
The Number One Reason to Do This
If you are a landlord, do you realize how much money it costs to evict a tenant? If you have never done this before, you might be shocked. When you add up all the costs involved, you will realize that it could cost you thousands of dollars to do this! Yes – thousands of dollars.
Not only are there court fees involved, but you probably will end up losing money on the rent the bad tenant owes you. The court can order this person to repay the money, but there is a very small possibility that you will ever see it.
The best way to prevent this from happening is by performing thorough background checks on everyone that applies to rent your properties. A background search offers a lot of different information about a person, and this information can help you make a wise decision. A thorough background report should include the following things about a person:
• Credit Report
• Driving Record
• Criminal History
• Work History
• Military Records
This information should be enough for you to tell whether you want to rent to this person or not. As a landlord, you must protect yourself. Before you run a background check, you must have the applicants sign waiver forms. This gives you permission to do this, and never do it without this.
How to Run a Background Check
You can choose from several methods for running background checks, but you should always look for the option that offers the most effective and thorough results. One of the best choices is through an online background check website. This method is easy to do and will give you the answers you are looking for.
To do this, you will need information about the person in question. You will need the person’s name, address, age, phone number, marital status, social security number, and driver’s license number.
After you run a background check, you will have access to the person’s online credit report, criminal background, and the person’s driving records. Credit reports reveal a person’s level of creditworthiness. If the person has a bad credit score, the person is probably not good at managing his or her money. A credit check is the only way you will find this out though. Online background check websites work with credit report services, and this allows them to give you this information.
Why is this Important?
If you work in human resources, you will probably be given the task of performing background searches on people your company may hire. A background search can help you select the right employee for your company. It will help you find one you can trust, and this is highly important.
The steps for conducting an employee background check are the same for employers as it is for landlords. Before you can do this, you will need to have the applicants sign a waiver. The waiver states that the applicants give consent for you to run background checks. You should never do this without a signed consent.
Save Money and Time
Performing effective background checks is the best way to save money in the future. Doing this is not free, but it will be cheaper if it helps you make wiser decisions.