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
A background check is one of, if not the, most important part of a property manager’s job. You can hire someone for day to day tasks, if your repair guy didn’t do a perfect job fixing the sink then you’ll survive, you have insurance for the big issues, blah, blah, blah, but background checks for
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
As I scroll through my social media pages, I often come across these polls passed along by friends, family and colleagues. It sounds like a fun way to get to know someone a bit better or to see how well you actually know that special someone in your life. Okay, this will be fun. As
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
In the background screening world, there are sizable differences between employment screening and resident screening – yet both are commonly referred to by job applicants and rental applicants alike as background reports. So, what’s really behind your resident and employment reports? We’ve got all the answers on what makes these two consumer reports so different,
Cook County, Illinois has passed a Just Housing Ordinance, restricting the use of criminal records for resident screening. Following the anti-resident screening trend, this new ordinance went into effect on December 21st, 2019 and will have a grace period for non-compliance enforcement until January 31st, 2020. What’s changing? Verify their financial info qualifies with rental
Not everyone has the luxury of magical, innate knowledge of who’s been good or bad this year. If only we could split applicants down the middle with an either-or decision, naughty or nice, yes or no. If only it was magically that easy to know which applicants to accept, and then reward yourself for that
It’s almost that time of year again; the time where your concerns slightly shift from making sure those leaky pipes are on the up and up to taking care of your residents while Santa brings the good ones’ gifts. The holiday times are always busy, and your residents probably aren’t thinking of security while shopping
The state of New York has passed a law that would effectively ban the use of an eviction database scan when screening rental applicants. Signed into law on June 14th as part of The Housing Stability and Tenant Protection Act of 2019, Real Property Law section 227-F would penalize rental property owners who deny an