Cronrod: There are dozens of common mistakes made by landlords when screening tenants. One of the more common mistakes is not verifying the information provided by the applicant, which in turn can cause incorrect information being returned in their tenant screening report. Another mistake is not fully read, review, and critique their credit history, employment and bank references, criminal background, and personal references to name a few. Many landlords order the information but don't know how to read the report, rely solely on the credit score, or are afraid to ask questions. If something is not clear, the landlord should be asking for clarification from the applicant or from our customer service department. Another common mistake is the landlord not fully protecting themselves and their property from losses. The best way for a landlord to do this is to obtaining the largest security deposit allowed, get a cosigner, and/or a Lease Guarantee contract.

GlobeSt.com: What is you advice to landlords on how to properly screen tenants?

Cronrod: Assume the information provided by the applicant is erroneous and do your due diligence. Get independent verification of the voracity of social security numbers, bank accounts and employment. Obtain independent proof that their rent is current with their current landlord by asking for cancelled checks, bank statements, or third party receipts. Investigate all adult applicants on the application.

GlobeSt.com: Can incorrectly screening tenants put landlords at risk?

Cronrod: Absolutely. Improperly screening tenants can cost thousands of dollars and months of down time. Even though having a large security deposit or a Lease Guarantee contract will cover some of the financial losses, incorrectly screening an applicant will cost loss of time and cause undue stress on the landlord and other tenants in the property.