Tenant Screening Advice

criminal eviction credit scoring data for the multifamily housing industry

Renter FICO Scores Trended Down in the first Quarter and This is Why

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

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How to Easily Compare Types of Tenant Screening Services

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

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criminal eviction credit scoring data for the multifamily housing industry

Tenants with Criminal Records are 20% of Rental Background Checks

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

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Survive the Holidays While Avoiding Identity Theft

As you rush to get last-minute gifts, dinner preparations and flights home for the holidays, squeeze in some time to protect yourself from hungry identity thieves and hackers. With credit monitoring, credit security freezes, and some good ol’ fashioned financial awareness, you can minimize damages even if your identity thief is sitting right next to

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hud

Is Facebook Disregarding the Fair Housing Act?

The US Department of Housing and Urban Development (HUD) has filed a complaint against social media giant Facebook. The company is allegedly allowing advertisers on their site to be discriminatory with options that violate and target the seven protected classes. As these practices have been brought to light, an investigation into whether they are violating

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Fair Housing Law: What You Need to Know

If you’re working in the rental housing industry, there’s no doubt that you’ve heard of the Fair Housing Act (FHA). While you may think that it’s just a piece of legislation that prevents bias of the seven protected classes (race, color, religion, disability, sex, familial class, and national origin), there’s much more to it than

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Remember the Equifax Data Hack? We Do and You Should Too.

Equifax’s major security breach last year caused irrefutable harm to millions of consumer’s personal information. With information accessed including names, social security numbers, birth dates, addresses, and (in some cases) driver’s license and credit card numbers, a large number of Americans are still vulnerable to identity theft even now. As most consumers have long forgotten

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Avoiding Discriminatory Practices in Your Tenant Screening

We hear about discrimination all the time; as much as we would like to pretend that it doesn’t exist, it’s something that plagues the world around us and the rental housing industry is not excluded. Some may think that simply screening applicants remove prejudices from their rental process, but discrimination can still find its way into the tenant screening process. By expanding your knowledge in this area, you can better avoid discriminatory practices in your tenant screening.

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