Are you looking for the best tenants in Chicago for your rental property? You’ll likely have many applicants to choose from, as Chicago is the third-largest city in the U.S.
So how do you know which applicant is the right one for you? You can take the guesswork out of it by using a tenant screening service. Keep reading to learn about five long-term benefits of using a tenant screening service in Chicago.
1. Receive Accurate and Complete Applicant Information
There are specific tenant screening questions that will get you the applicant information you need to pick the right tenant. Instead of adding even more to your busy schedule, let a tenant screening service save you the time and hassle of collecting information.
A tenant screening service knows exactly what information to ask for. They will quickly and easily put together everything you need to make an informed decision.
2. Save Time and Money
As a property owner, you want to find tenants that are going to pay on time and take care of the property. The best way to do that is to properly screen applicants, but it can be time-consuming.
If your property is in a desirable Chicago location, you’ll likely have quite a few applicants to screen. Using tenant screening services will ensure you quickly get the information you need to assess applicants. That means your property won’t sit vacant for a long period of time, ultimately saving you money in the long run.
3. Stay Legally Compliant
As a landlord, you are required to follow state and federal laws during the tenant screening process. While you can learn about Illinois landlord-tenant laws yourself, using a professional tenant screening service will ensure legal compliance. You’ll have peace of mind that you won’t run into any legal issues down the road.
4. Avoid Costly Evictions
In Illinois, it takes an average of ten weeks to evict a tenant. After factoring in the time, court costs, and full mortgage payments, an eviction can cost thousands of dollars.
Using a tenant screening service that knows exactly how to screen tenants is the best way to avoid evictions. They’ll find you the right tenant the first time around that will hopefully stick around for the long haul.
5. Maintain Property Value
Good tenants tend to take care of the property they’re living in and will help prevent any unnecessary damage. Using a tenant screening service is the best way to have a pipeline of high-quality applicants at your fingertips. By continuously renting to quality tenants, you’ll know your property is in good shape.
Ready to Find a Tenant Screening Service in Illinois?
Now that you’ve read about these five long-term benefits of using a tenant screening service in Illinois, are you ready to find the right service for you? From saving you precious time and money to helping you avoid evictions, tenant screening services are a no-brainer.
If you’re looking for tenant screening services in the Chicago area, contact us at Home River Group Chicago today! Our team of experts is here to support all of your property management needs.
