Perseverance and grit are built into the foundations of our industry. While March through June of 2020 was taxing to say the least, you’ve had time to remodel your policies and procedures to adapt to rental applicants with an unfamiliar kind of recent credit history. As we were all scrambling over these four months, VantageScore
As the COVID-19 pandemic has shaken the nation in the past few weeks, state and local governments have responded to the threat of mass evictions in varying ways. Unfortunately, outside of HUD housing, there is currently no nationwide rental housing guidance on how to handle the financial fallout from renters unable to pay rent due
Springtime means so many wonderful things. The trees are blossoming, flowers are blooming, bees are attacking anything sugary, and the time change will make us lose an entire hour of precious sleep. While all our night owls may hiss at the sunlight creeping through the bedroom curtains earlier, on March 8th, 2020, those rays are
Life may not be fair, but HUD and the FHA are here to try and help by releasing new guidance for housing providers. U.S. Department of Housing and Urban Development was created by President Johnson and was designed as a fight for justice and fairness. It was implemented in January of 1966, and only two
CIC has released credit, criminal and eviction data trends from 2019’s final quarter, October through December. The quarterly data analysis highlights the number of rental applicants that have criminal and eviction records on their tenant background checks, as well as the average FICO credit score. The analysis showed that, for the most part, many tenants
Lenders and credit granters use your credit score to figure out how likely you are to pay them back. Lower credit scores mean a higher risk of not being paid on-time, which means higher rates or security deposits for you. Higher credit scores provide added confidence that you will responsibly pay your rent or bills
Now is the time to discuss everyone’s favorite subject, fair housing law. Such a fun topic, right up there with favorite sports team, latest blockbusting movies, and that funny thing your dog did. Fine, talking law and restrictions is barely fun for the lawyers. That doesn’t mean the conversation can or should be avoided. One
Managing communities and their residents is not for the faint of heart. Depending on the location and the number of properties you’re managing it can sometimes feel like you’ll never get ahead. There is always an emergency or a last-second request and working in an office environment adds many distractions and interruptions. Meetings, office celebrations,
As a property manager, you know the importance of positive public relations and fostering a community spirit in your units. Mid-to-large apartment communities can feel so impersonal – if you can create a sense of family within the rental, you may retain more renters year after year. Around the holidays, there are few better ways
When you’re renting an apartment there are a few ‘extras’ that really make it feel like home. When I was a renter in my 20’s and 30’s, I always checked for certain amenities even before I looked at the cost. Now with property management experience under my belt, I can confidently say these are the