Eviction Landscape in Connecticut: Why Tenant Screening Matters More Than Ever
Date: 06/02/2024
The housing market in Connecticut, like many parts of the country, faces a complex challenge. Rising rents and a growing population put pressure on available units, while eviction rates have climbed in recent years. This creates a crucial need for landlords to find responsible tenants who will pay rent on time and maintain the property.
Here, we'll delve into the current eviction landscape in Connecticut, highlighting the importance of comprehensive tenant screening in mitigating risks and securing stable tenants.
A Rise in Evictions: Understanding the Numbers
Data from the Eviction Lab paints a concerning picture. Connecticut saw a significant increase in eviction filings following the expiration of the federal eviction moratorium in August 2021. From December 2022 through November 2023, the state witnessed over 20,625 eviction filings, impacting roughly 3% of all renter households (CT Insider). This translates to a concerning number of families potentially facing displacement and the associated social and economic hardships.
Understanding the reasons behind these evictions is crucial. While non-payment of rent is a significant factor, other issues like lease violations or property damage can also contribute. Unfortunately, the eviction landscape in Connecticut is about to become even less transparent.
A Data Gap: The Departure of a Major Eviction Data Provider
A major provider of eviction data recently announced its withdrawal from providing eviction data in Connecticut to screening providers. This means readily available, historical eviction data on a state-wide level may become scarce.
For landlords, this creates a significant knowledge gap. Without access to comprehensive eviction data, it becomes more challenging to assess potential risks associated with a particular neighborhood or tenant pool.
Tenant Screening: Mitigating Risk and Finding Responsible Tenants
In this evolving landscape, robust tenant screening becomes more important than ever. Tenant screening services offer a suite of tools to help landlords make informed decisions about potential renters. These tools typically include:
- Credit History Checks: A credit report provides insights into a tenant's financial responsibility and ability to manage rent payments.
- Eviction History Reports: These reports reveal past eviction filings, allowing landlords to identify applicants with a history of non-payment or lease violations. (Only TenantTracks continues to offer this crucial data in Connecticut)
- Background Checks: Background checks can uncover criminal records or other red flags that may indicate potential risks to the property or other tenants.
- Verification of Employment and Income: Verifying income ensures a tenant has the financial means to comfortably afford the rent.
Beyond the Basics: Comprehensive Tenant Screening
TenantTracks goes the extra mile to cross reference MULTIPLE data providers, which is how they maintain the title for the most accurate tenant screening company in New England. This leading company ensures the landlords, property managers and REALTORS using their platform have as much available information about prospective tenants as possible and can enjoy peace of mind.
Unlike competitors, TenantTracks will continue to provide eviction data to customers. You can rely on this company as your go-to tenant screening platform, as rest assured, eviction data WILL continue to be available through TenantTracks. This data empowers landlords to make informed decisions and potentially avoid tenants who may pose a higher risk of eviction.
Investing in a Strong Screening Process
While tenant screening may require a small upfront investment, the long-term benefits outweigh the cost. Reduced vacancies, lower turnover rates, and fewer evictions ultimately translate to increased profitability and a more stress-free rental management experience.
Conclusion: Navigating a Challenging Landscape
The eviction landscape in Connecticut is evolving, and landlords face a knowledge gap with the recent departure of a major data provider. However, robust tenant screening empowers informed decision-making. By utilizing comprehensive screening tools like TenantTracks reports, landlords can mitigate risk, find responsible tenants, and promote a stable rental environment for everyone involved.
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