Applicant Screening

When it comes to property management, one of the most critical factors in ensuring the success and profitability of rental properties is the selection of reliable and responsible tenants. At Bell Properties, we take this responsibility seriously and have developed an extensive and thorough applicant screening process to ensure that only the best-qualified tenants are placed in our managed properties.  We know our screening process works, because we see less than 2% of our tenancies turn to eviction, that is an amazing stat that keeps us targeted on this crucial aspect of management;  Few if any other local management firms can say the same!  It's part of the reason we say that professional property management doesn't cost, it pays! It's not just a easy marketing slogan, it's based on what we do, day in and day out!  

Why a Comprehensive Screening Process Matters

A comprehensive applicant screening process is vital for several reasons. Firstly, it helps protect the property owner's investment by minimizing the risk of property damage, late rent payments, or eviction proceedings. Secondly, it promotes a positive living environment for existing tenants and maintains the overall value of the property. Lastly, it ensures that the property management company upholds a reputation for quality service and preserves our owner clients properties.  

The Bell Properties Difference

At Bell Properties, we understand the importance of this process, and our screening procedure is designed to uphold our commitment to excellence in property management. Here's a closer look at our extensive applicant screening process:

1. Initial Application:

Applicants start by completing a comprehensive rental application, providing information about their rental history, employment, and personal references.

They also consent to a background and credit check, as well as verification of income and employment.

2. Credit and Background Check:

We conduct a thorough credit check to assess an applicant's financial responsibility.

A comprehensive background check is performed to screen for any criminal history.

• Credit Score above 640
• Debt to income less than 40% 
• No Evictions
• No collection accounts within past 5 years
• FULL PROOF Income Verification & 
• FULL PROOF Rental Payment History Verification 
  • These things are systems and practices we've put into place that are proprietary to Bell Properties  

3. Rental History Verification:

We contact previous landlords to inquire about an applicant's rental history, including payment habits, property care, and any previous eviction records.  We vet the source heavily and this is again a proprietary practice we uphold on every verification. 

4. Employment and Income Verification:

Verifying an applicant's employment and income is crucial to ensure they have the financial means to pay rent consistently.

We confirm employment status and income level through pay stubs, tax documents, or other reliable sources. 

5. Reference Check:

Personal and professional references are contacted to gain insight into an applicant's character and suitability as a tenant.

6. Rental Criteria Review:

Applicants are assessed against predetermined rental criteria to determine if they meet the minimum qualifications set by Bell Properties.

7. Tenant Education:

Approved tenants receive valuable information about their responsibilities, lease terms, and expectations as Bell Properties tenants.

8. Lease Agreement:

Once applicants pass all screening stages, a lease agreement is signed, and they become tenants in one of our managed properties.  Our leases are proprietary, and attorney drafted to abide by the law governing the city/county where each  property is located.

9. Ongoing Support:

Our relationship with tenants doesn't end with lease signing. We provide continuous support, promptly address maintenance issues, and maintain open lines of communication.

Conclusion

Bell Properties' extensive applicant screening process goes beyond the standard checks; it is a comprehensive evaluation that aims to secure responsible, reliable, and respectful tenants for our managed properties. This dedication to quality screening is a fundamental element of our commitment to property management excellence. By upholding the highest standards in tenant selection, we ensure the satisfaction of both property owners and tenants, fostering a harmonious and prosperous rental community. If you're a property owner seeking professional, reliable, and meticulous property management, choose Bell Properties to experience the difference our screening process can make in safeguarding your investment. 

For owners that want additional assurances we offer a premium management plan on 1 - 4 units that provides tenant default insurance in the event of tenant UD action or Intentional malicious damage to the property.  Ask us for more information about the premium management plan if you have up to 4 units under management from Bell Properties.