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
Housing unaffordability has plagued major metros across the U.S., as many young renters have sought living with roommates and family members to curb rental costs. The City of Seattle identified in their 2018 report, Losing Home: The Human Cost of Eviction in Seattle, that many renters are restricted from taking on roommates under their current
CIC has released the credit, criminal and eviction data for July through September 2019 and discovered that your tenant’s FICO scores trended downward. CIC’s 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. Compared to the
When you’re looking at your applicant’s tenant screening report, it can be easy to get confused about eviction judgments and filings. What’s the difference between the two, and which carries more weight? Where can you see eviction records on the tenant screening report, and what should you do if there is an eviction judgment present?
Marketing your rental property to potential rental applicants is tricky enough, but marketing to a particular generation of renters can be even trickier. As times change, the needs and wants of renters can shift, and what you think might be a selling point on your property could prove to be the opposite. Take a look
It often takes time to achieve success in property management. A property manager needs years of experience tempered by attention to detail, discipline, and an unwavering commitment to handling responsibility and pressure. A good property manager is usually a skilled juggler of various tasks, keeping both tenants and property owners happy. In addition to screening
Bright-line rules and standards were created with a ‘simple’ goal that often leads to more harm than good. The idea is to draw a hard line of good or bad, acceptable or not, but often leaves out the difficult situations people often find themselves in. While the idea of ‘equal punishment for the same act’