Thorough Resident screening is the single most important thing you can do to improve your investment. Resident screening is not without its problems. Screenings must be fair and consistently administered so as not to run afoul of Fair Housing laws. Also, screening criteria that are too strict for the property can result is long vacancy times or never renting the property at all. Here are the criteria we use.
These qualifications have served us well. We use the same qualification for each applicant which steers us clear of any discrimination claims and lawsuits. The requirements are also more strict than is required by properties that are part of the Sioux Falls Crime Free Program. That being said, it doesn’t guarantee tenant behavior. To that end we require the maximum security deposit allowed under South Dakota law. Add to that our optional Eviction Protection Plan and you are about as bullet proof as you can get while still staying within the law and renting out your property in a timely manner.
We understand property management and property investments. With over thirty years’ experience in property management and more than 300 offices in the United States and Canada, we have become the largest property management franchise in North America.