What is the primary goal of a tenant's screening process?

The primary goal of a tenant's screening process is to assess a potential tenant's eligibility and financial stability. This process involves evaluating various factors, such as credit history, income verification, rental history, and other relevant information that provides insight into the tenant's ability to meet lease obligations. By conducting a thorough screening, landlords and property managers can make informed decisions, minimize the risk of rent defaults, and ensure a stable tenancy. This assessment helps to create a positive rental environment and contribute to effective property management.

Understanding a tenant's financial background and rental reliability is crucial to preserving the property's value and maintaining consistent cash flow. While determining market value, negotiating lease terms, and increasing property tax assessments are important aspects of property management, they are not the primary focus of the tenant screening process itself.