We’re excited to announce that CIC will be donating to charity during this year’s Apartmentalize Conference in Denver, Colorado, and we invite you to be a part of it! All NAA attendees will be able to play plinko at our booth (#1578) and win donations to the charity of your choice. Help us spread the
CIC has released credit, criminal and eviction data for January through March, 2019 and discovered that your renter’s FICO scores trended downward. CIC’s quarterly data analysis highlights the number of rental applicants that have criminal and eviction records on their renter background checks, as well as the average FICO credit score. Compared to last quarter
Now that Spring has arrived, this year’s newly proposed rental housing laws are here! From Arizona to Washington, get an inside look into the rental housing laws that could affect rental properties, owners, property management companies, associations, and resident screening services come Summer. Spring Trends for Rental Housing Laws As you get a good look
In the multifamily housing industry, there are sizable differences between traditional and consumer-initiated tenant screening services. While consumer-initiated screening hasn’t been available within the industry for long, it’s caught like wildfire amongst independent rental owners (IROs) and real estate agents. Whether you’re looking for a new tenant screening service or are curious if the newest
Who is accountable for managing and protecting the U.S. consumer credit system? This was the focus of the U.S. House Committee on Financial Services when they had the opportunity to question the CEOs of the three largest credit bureaus in the country – Equifax, TransUnion, and Experian. The purpose of this committee hearing was to
Since 1998, employment laws seeking to “ban the box” asking about a job applicant’s criminal history have spread throughout the U.S. With “ban the box” employment regulations affecting private employers across 16 states (plus D.C.), it is unlikely that this criminal record legislative trend will go away anytime soon. If you are a private employer,
Unfortunately, evictions are a costly risk when owning or managing a rental property. While some tenants vacate after a simple eviction notice, others require your local courts and the aid of the sheriff’s department. Regardless of the situation you have with your troublesome tenants, take some time to review everything you need to know about
Any time you use a consumer credit report to decide whether to accept a rental applicant or renew a lease with a current tenant, the Fair Credit Reporting Act (FCRA) legally requires you to take some important steps to remain in compliance with the law. From credit freezing laws and procedures to adverse action notice
CIC has released a criminal, eviction, and credit report for September through December, 2018. Highlighting the number of rental applicants that have criminal and eviction records on their tenant background checks, as well as the average FICO credit score, CIC’s quarterly data analysis shows that the applicants that are applying to your rental properties have
2018’s proposed multifamily and rental housing legislation left the industry relatively unscathed by the end of the year. Despite a few challenges, things are looking up. As we see what 2019 has in store for new laws affecting rental properties, owners, and property management companies, make sure you are in compliance with these notable 2018