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In a competitive rental market, every lead is vital. After all, <\/span>a high tenant turnover rate can wreak havoc<\/span><\/a> on your annual profit, which is why placing tenants efficiently is so important. However, not every prospective applicant that wants to see your rental property will meet the qualifications. That said, placing a bad tenant causes even more problems than <\/span>a vacant property<\/span><\/a>. Landlords that do not perform proper tenant reference checks find themselves wasting time, and of course, money.<\/span><\/p>\n Thus, thoroughly screening all potential tenants is critical to a landlord\u2019s success. A thorough tenant screening process should include pre-screening, income verification, credit and background checks, and rental reference checks. Today, we\u2019re taking a closer look at one of the most important steps: speaking with a prospective tenant\u2019s references. <\/span><\/p>\n