pbrisrealty@gmail.com 
Miramar Florida
Here’s your rewritten excerpt with tenant screening included:
A rental property is a real estate asset from which the owner generates income by leasing it to tenants, also known as renters or leaseholders, in exchange for their use of the property. Tenants typically occupy rental properties for residential or business purposes. Owners of rental properties, often referred to as landlords, may benefit from tax deductions such as mortgage interest and can adjust the property’s value over time through depreciation. Investors frequently own multiple properties, designating one as their primary residence while leveraging others as sources of rental income.
Rental properties primarily serve as income-generating investments, aimed at creating financial returns or long-term benefits, rather than functioning as the owner’s primary dwelling.
Rent/Lease
A rental agreement, often termed a “lease,” is a contract that specifies the terms under which tenants occupy a property. A standard lease typically lasts for 12 months, although the duration can vary based on mutual agreement. Rent payments are the periodic installments made as part of the lease agreement.
Lease
This is a formal agreement in which the property owner permits another party to use land, buildings, or other spaces for a specified period.
Length of Agreement
While leases often span 12 months, terms can be tailored to suit the agreement between the landlord and tenant.
Managed By
A rental property may be managed directly by the property owner or delegated to a property manager.
Rental Payment
Rental payments are regular installments paid by tenants to the property owner for using the space, as outlined in the lease agreement.
Rent
While similar to leasing, renting generally refers to short-term agreements, often month-to-month. Such arrangements may be terminated with minimal notice by either party. Month-to-month renting is common for landlords in the process of selling their property or for tenants seeking temporary accommodations, such as during business trips.
Length of Agreement
Month-to-month agreements are typical for rentals, but payments are made according to the stipulations of the lease.
Managed By
Short-term rental properties are often managed by the tenants themselves, with rent paid to the landlord.
Tenant Screening
A key aspect of managing a rental property is tenant screening. This process involves evaluating potential tenants based on factors like rental history, creditworthiness, employment verification, and background checks. Screening ensures that tenants are reliable, financially responsible, and capable of adhering to the lease terms, reducing risks for the property owner.
