A tenant check combined with a reference check of all rent guarantors may greatly reduce risk, especially if college aged individuals know they will be held accountable.
Waltham, MA (PRWEB) March 25, 2014
After a long winter of snow and ice, college students across the eastern seaboard are beginning to look forward to Spring Break 2014. And home owners across the Gulf Coast are eyeing the opportunity of renting out their homes for a few weeks in the hopes of a quick buck.
But is it worth it?
“There is risk and reward with anything and, certainly, with renting a single family dwelling to springbreakers,” Adam Almeida, President and CEO of TenantScreeningUSA.com states. “Spring break can be big business.”
From WJHG.com (Feb. 26, 14), Spring Break continues to expand, but not without risk:
…the party seems to be spreading. Breakers are hitting the beaches of South Walton and Destin, not just Panama City Beach, and sheriff’s officials say, with the students, come problems.
Some of those Spring Break busts made headlines, like the case of 32 spring breakers arrested for underage drinking and destroying a home in South Walton. http://www.wjhg.com/home/headlines/Spring-Breakers-Move-West-to-Walton-and-Okaloosa-Counties-247240761.html
A tenant check can be an excellent tool in decreasing potential risk of a spring break crowd. Almeida states: “Conducting a thorough tenant background check is critical and making sure potential renters know the tenant check is thorough is paramount. A tenant check can act as deterrence.”
Almeida continues: “A tenant check combined with a reference check of all rent guarantors may greatly reduce risk, especially if college aged individuals know they will be held accountable.”
The willingness to say no to a potential renter is important as well. Almeida continues: “If references are thin or come back less than favorable a property owner should just say no. Headlines suggest that the risk to property is significant if the wrong individual or individuals rents a property.”
All along the Gulf Coast cities are preparing for spring break and the impending chaos and the mass influx of college-aged individuals.
From AL.com (Feb. 28, 14’):
March 10-14 is busiest week -- Roughly 660,000 American college students will be on spring break, but that's nothing compared to the week after, when 2.7 million students will hit the beaches, mountains, highways and more. http://www.al.com/news/beaches/index.ssf/2014/02/hear_that_thats_the_sound_of_s.html
And more than ever people are traveling during spring break.
From HattiesburgAmerican.com (Mar. 01, 14’):
“Our recent survey data shows that almost 70 percent of Americans are entering 2014 with a sense that they will be able to earn more, save more and buy what they need,” … “So the fact that more people feel they can take vacations this year makes perfect sense.”
Tenant screening is an important tool in standard rental situations and can prove to be critical tools in short-term rental situations, such as spring break.
“Using tenant checks as part of a thorough vetting process for short-term renters, such as college kids renting a home on the Gulf Coast, can be critical in protecting property. Combined with a thorough screening process, a tenant check greatly assists landlords in renting their property in a safe and secure way.” Almeida states. “Ultimately it may be the most important tool one can use in renting.”
TenantScreeningUSA.com is a third-party tenant screening company with a highly trained and experienced staff fully versed in the laws that govern tenant screening on a state and federal level. Utilizing the most current data, TenantScreeningUSA.com can provide landlords and property managers information necessary to make a knowledgeable and compliant decision regarding perspective tenants.