Renting a house out to tenants can be a profitable business but it does come with a few questions. Am I going to be paid rent on time? Will my place get trashed? Should I worry about safety? Is this the right tenant for me? Finding the ideal tenant can be a difficult task but the right tools can make the process secure and efficient. Bill Brian Insurance Agency partners with Foremost Insurance Group, a specialist in landlords’ insurance needs. Not only do they have customizable policies but now you can access discounted tenant screening services through Foremost and TransUnion SmartMove. By having better tenants, you reduce the risk of a potential claim which is a benefit to both you and your insurance company.
SmartMove is an easy to use, cost-effective way to screen potential applicants. You just sign up for a free account and application online, then invite potential tenants to apply by entering their email into the application. You can either pay the discounted fee yourself or pass it along to the applicant. The applicant must authorize screening and verify their identity online. Soon after you’ll receive the reports and a recommendation directly to your inbox.
By screening potential tenants, you can ease the stress of committing your rental property to a complete stranger. You’ll be able to view the applicant’s credit report, criminal background check, eviction history, and ResidentScore. That way, you can make an informed decision and have the peace of mind knowing you did your homework first. It’s an easy process and SmartMove actually has a track record for predicting evictions 8% better than a general credit score (based on an internal comparative study conducted by TransUnion in 2013). Allow SmartMove to do the legwork of identifying your ideal tenant so you can spend more time improving the value of your rental property and ultimately maximizing your profit.
Are you ready to get that rental property listed? Bill Brian Insurance Agency can help you with your insurance needs as well as other questions you may have about the rental property business. Indio, Palm Desert, and the surrounding Coachella Valley areas are perfect for rental properties, especially during the winter months. Take advantage of the discounted Foremost SmartMove tool by calling our office today at 760-342-0262.