Resident Screening

Resident Screening

Choosing the right resident is one of the most important factors in the success of your rental property. Penny Realty uses a comprehensive 11-step screening process designed to identify qualified residents who have the financial ability and rental history to meet their lease obligations. Our thorough approach helps reduce risk for property owners.

Our approach goes beyond basic checks. We evaluate each applicant based on four key criteria:

• Identity verification – confirming applicants are who they claim to be
• Financial qualification – ensuring they can comfortably afford the rent
• Payment history – reviewing credit and past financial behavior
• Rental behavior – evaluating prior landlord references and background

Our Comprehensive 11-Step Resident Screening Process

Every applicant goes through Penny Realty’s comprehensive screening process designed to verify identity, financial qualifications, rental history, and other relevant background information.

1. Government-Issued Identification Verification
2. Social Security Number Verification
3. Income & Employment Verification
4. Experian Credit Report Review
5. FICO Credit Score Review
6. Financial & Public Record Review
7. Nationwide Eviction Search
8. Prior Landlord References
9. Nationwide Criminal History Search
10. Nationwide Sex Offender Registry Search
11. International Watch List Search

Only 1 Eviction per 1,400 Leases
Our last eviction was in 2018.

The Result: Better Resident Placement, Lower Risk

A thorough screening process helps reduce the risk of:

• Late or missed rent payments
• Lease violations
• Resident-related property issues
• Evictions and costly turnover

Our goal is to place qualified residents who meet Penny Realty's rental criteria and contribute to a stable, successful tenancy.

Fast Placement Without Cutting Corners

We combine efficiency with accuracy, allowing us to approve qualified applicants quickly while maintaining strict screening standards. This means you get the benefit of reduced vacancy without sacrificing resident quality.