multifamily legislation

A Position on Washington HB 2537 and SB 6291 “An Act Relating to Tenant Screening”

Update: On Feb. 27th the bills did not make it out of the Senate Financial Institutions, Housing, and Insurance Committee. The bills are therefore (likely) dead.
The Problem:  There have been reports of some consumers who have experienced delays in obtaining rental housing due to the costs associated with consumer reports obtained by property managers and landlords to qualify the consumer’s tenancy. The state of Washington’s Residential Landlord-Tenant Act (RLTA), which regulates the relationship between landlords and tenants, acknowledges that screening reports are an important part of this relationship.  Further, the Washington State Legislature has “…found and declares comprehensive tenant screening reports are a necessary and fair solution for both applicants and landlords”[1]. Despite the importance of these documents to all parties, legislation now pending in the Washington state legislature (H.B. 2537)) would both lower accuracy and increase the potential for fraud in these documents, exposing both landlords and the prospective tenants to incorrect housing decisions.     

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property management

Lock, Stock, and Peril

In old movies, ransom notes came in the form of pasted letters cut from newspapers.  There’s a new kind of ransom that could pose a substantial risk to your business.  Have you alerted your staff about how to protect one of your company’s most valuable assets?

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cic announcements

ApplyConnect makes Tenant Screening Quick and Easy

CIC, a nationwide leader in tenant screening for the multifamily housing industry, recently partnered with Experian® to launch ApplyConnect, a free tenant screening solution for real estate agents. ApplyConnect builds on a process created by Experian whereby credit reports can be requested and viewed on an individual basis and combines it with CIC’s industry leading tenant screening products.

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