Why do we screen lease renewals?
A lot could have changed for residents over the course of their initial lease beyond what we’re aware of. A simple screening fills in the blanks and comes with a few key benefits:
Cost Savings. This one’s self-explanatory. A screening check helps us understand any issues our residents are facing. Catching any issues now can avoid costly worst-case-scenarios mid-lease, like mediation between residents, evictions, and even litigation.
Resident Well-Being. For multifamily properties, a renewal screening process makes it easier to ensure the well-being of all our residents and shows that we’re invested in the community.
Peace of Mind. The best part is that, when done right, renewal screenings take a lot less effort than initial screenings, so you can focus on getting those leases renewed. It all starts with knowing what to look for.