ZipRecruiter.com reports that, as of December 2024, landlords in Naperville, IL, earned an average annual income of $86,531.
If you've recently become a Naperville landlord yourself, your goal should be to reach or exceed that figure or, at the very least, maximize your property's potential profitability. But to achieve this, you need trustworthy renters first. Luckily, tenant screening experts can help.
So, join us at PMI Service Group as our expert residential property managers in Naperville have shared the top reasons for hiring tenant placement and screening professionals.
1. Get Your Naperville Rental Occupied ASAP
Professionals conduct multiple comprehensive background checks when screening tenants in Naperville, IL. They look into each prospective renter's:
- Credit score and history
- Employment status
- Income sources
- Rental history
- Eviction history
- Criminal history
You can run all those checks yourself. However, if you do, you must adhere to complex tenant screening regulations and fair housing laws. Otherwise, you could face legal repercussions if you violate prospective renters' rights.
So, if you screen tenants by yourself, you must familiarize yourself with applicable laws to ensure compliance. Doing so can take time, especially if you're a new or accidental landlord still learning the ropes. While you memorize the rules, your rental will sit empty, failing to generate income.
Don't go through all that trouble. Instead, partner with tenant screening experts like our property management company, PMI Service Group. Choose our Naperville property managers to help you find tenants, and we'll work hard to find qualified renters within 21 days.
2. Find Highly Qualified Tenants
Professional tenant screening services aim to help you identify highly qualified tenants. You want such renters because they're more likely to:
- Pay rent on time and in full
- Respect your property and care for it like it's theirs
- Be good neighbors
- Follow the lease agreement's terms
- Pose no safety and security risks to others and your property
So, with highly qualified tenants in your Naperville rental, you can enjoy on-time rental payments. For the same reason, you can worry less about having renters who may do something that could leave you no choice but to evict them.
Most importantly, you can minimize your risks of renting out to tenants with a propensity for crime. Remember, according to the White House, 70 million Americans have criminal records. While many have committed petty, minor infractions, others have perpetrated more severe crimes.
3. Increase Opportunities of Lease Renewals
High-quality tenants are those you'd want to keep negotiating lease renewals with. After all, they pay rent on time, are responsible, and respect your property and neighbors. You want them to stay long-term as it can help you cut vacancy rates and reduce the losses and expenses you'll otherwise incur if you must find new tenants.
Ready for Professional Tenant Screening?
Professional tenant screening can help you find highly qualified renters more quickly than if you did the task yourself. And the sooner you get quality renters, the sooner you can generate income.
So, why not invest in PMI Service Group's full-service Naperville property management services? From tenant screening to rent collection, lease enforcement, and property maintenance, we will handle all these tasks (and more) on your behalf. We'll use our 24+ years of property ownership and management experience to help your rental business thrive.
Request your free property consultation by contacting us today!
