With an effective tenant screening practice, Lido Property Management has become one of the main names for property owners to call when they are tired of dealing with evictions.
Orange County, CA (PRWEB) January 30, 2013
Lido Property Management has developed a solution that has led to a 99% reduction in eviction rates for their clients. Unlike other Orange County Property Management companies in the region that have focused their efforts on retaining tenants through costly promotions and other incentives, Lido Property Management has found that these programs do little to curb the problem of dealing with evictions.
In their 25 year history in the property management field, Lido Property Management's answer to the eviction issue is to be more vigilant in their tenant screening process. While it may seem like a simple answer to be proactive rather than reactive, the detailed work that goes into proper tenant screening can be quite extensive. At the same time, the reduced number of evictions is well worth the effort and the clients of Lido Property Management can attest to its benefits. The goal of the company and primary concern of their tenant screening process is to protect the investment that a property owner has made and optimize rental profits by bringing qualified tenants that will not be a risk to go through the cumbersome process of an eviction.
The first part of the tenant screening process performed by Lido Property Management is to complete a criminal background and credit check. While a basic search of this type is done by most property management firms, Lido has expanded their standard inquiry to include employment verification using pay stubs only within a two week period and checking to make sure that the applicant has available funds in their bank account. In addition, a consultation with the prospective renters is done to make them aware that pay garnishment could happen should the rent not be paid in a timely manner.
Moving further, Lido Property Management has also discovered that speaking with current and previous landlords often helps to identify what are considered "problem tenants." In an attempt to get rid of these tenants, some current landlords will be less than honest about the tenant's ability to pay. On the other hand, previous landlords will be more upfront about whether the prospective tenant is a problem as they have no financial stake in the matter. By taking this extra step, Lido Property Management reduces the amount of problem tenants their clients will have and the subsequent number of evictions.
With an effective tenant screening practice, Lido Property Management has become one of the main names for property owners to call when they are tired of dealing with evictions. The staff at Lido is multi-lingual and is committed to making sure that the best potential renters fill unoccupied homes and apartments. The company is a full-service property management provider and have many other services available to clients. In addition to proactive tenant screening, Lido Property Management can also provide accounting, maintenance, collection, and many other services.
Lido Property Management
Orange County CA
731 E. Ball Rd. Suite 102
Anaheim, CA 92805