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
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
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
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.
In this day and age, if you are in the Property Management profession you better know whom you are renting to. With over 25 years of experience in this industry we at Park Place Asset Management go the extra mile like never before. I suggest that you pre-qualify your applicants and tell them that you run an extensive investigative background check and will need to verify all information that comes up on the individual reports in addition to attaching your Rental Criteria to each application.
As a property manager, you need a variety of tools in your arsenal to ensure you’re placing the best residents in your properties. You work hard to make sure that residences are maintained, and you want to find a renter who cares about keeping it in that same condition. Tenant screening can be an important tool in supporting these initiatives and safeguarding your profits, as well as finding the most qualified renters.
The Freedom of Information Act is the cornerstone of tenant screening. Without it, property managers and landlords like yourself would be renting to tenants in the dark. With Freedom of Information Day on March 16th, take the time to celebrate, and learn how you can further protect the valuable information you rely upon when selecting applicants.
You wouldn’t want your information out in the open for anyone and everyone to get their hands on. When you permit a person or company to have access to any knowledge about you, you have a certain expectation of privacy; you expect them to protect your information, and to not let it fall into the wrong hands. Your residents are no different. They trust you with their information, and, as their property manager, it is your job to keep it safe. In honor of National Data Privacy Day, celebrated annually on January 28th, here are some tips to keep both you and your renters safe.
Finding the best resident screening service for your rental community is no easy feat. Beyond the credit report and background check, it can be difficult discerning if a screening company is doing all that they can to protect you and your property. To ensure you get the best resident screening service possible, make sure the company you pick has these 4 vital things.
All properties aim to find quality residents, but few take the time create detailed property guidance and invest in screening. By fleshing out your rental policies and training your staff on proper pre-screening and tenant screening, your commitment can help you increase your net operating income (NOI), decrease future resident problems, and maximize a property’s potential.