multifamily legislation

Proposed Ban on Credit Scores in New Jersey Bill S1585

A Significant Impact to Affordable Rental Housing
The state of New Jersey has introduced a bill that would significantly impact affordable housing across the state.  Senate, No. 1585 is seeking to establish guidelines for creditworthiness determinations concerning government subsidized housing programs.  The new restriction is intended to aide applicants who have poor credit history so their chances of receiving government assistance are improved.
Any algorithm that factors FICO and other risk models into the final decision would be prohibited.  The language contained in the proposed bill is ambiguous enough that it appears that more than just the standard FICO score would be affected.  Companies who rely upon a standardized model to assist their leasing agents in making objective decisions would be required to modify their criteria, or remove it all together.

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property management

Boost Your Rental Occupancy by Attracting Millennials

Straight out of college and with a few more months under my lease, I was excited to go out into the world and find my own place. After talking two of my college girlfriends into renting a place together, my new roommates and I sought out what every graduate wants, freedom; the freedom to watch Netflix all night without my parents cutting off the WiFi, the freedom to make healthier lunch choices than top ramen, and the freedom to put on my business attire, get a job, and tell myself that I was officially an adult. Admittedly, I was a little ahead of myself. Renting a home with my roommates would be a lot more challenging than I expected.

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multifamily legislation

Employee Marijuana Use: Companies Still Have a Say

Last year Colorado made national headlines for adopting a statewide policy allowing sales of marijuana to the general public without a medical necessity.  In June  2015, Colorado made headlines again setting precedence for employers who don’t condone employees having THC, the primary chemical found marijuana, in their system.
The Colorado Supreme Court ruled in favor of an employer who had terminated an employee based on medical marijuana use during non-business hours.  The case took into account both the state’s legal standing on the drug as well as the plaintiff’s medical requirements and still sided in favor of the employer. 

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cic announcements

CIC Expands the Nation’s Largest Proprietary Eviction Database

Property Management Companies, SaaS Providers, Independent Owners and Consumer Reporting Agencies can see improved eviction reporting.
CIC, the nation’s leading provider of nationwide eviction coverage to the multifamily housing industry is pleased to announce expansions to their database for property management companies, software companies, data resellers and independent owners. With three decades of industry-leading experience, CIC’s data quality is second to none and with the recently expanded coverage, clients easily prevent consequences of failing to identify high-risk applicants.
CIC provides the most comprehensive nationwide eviction coverage, and in the last few months have extracted additional county records within the states of:

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property management

Summer Care Tips for your Residents

We are reaching the peak of Summer and with this season comes all of the activities associated with it. Swimming, tanning, barbequing, and heat stroke are all of what can accompany this time of year. The last one, however, is what I want to focus on today. Often time’s people don’t want to stop and think about properly taking care of themselves, but what threats can this pose to their health and by proxy – your liability for caring for residents on your property?

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Unlocking the Secrets of Rental Property Maintenance Success

Just about every renter has a story of a time they experienced a maintenance fiasco. The problem with this, is that the consequences of failing to resolve a problem in a timely manner and lack of communication with residents can prove to be more costly for landlords than just making the repairs – your reputation can lose credibility and you may even lose tenants.
I recently interviewed a previous renter about when she and her husband, Chris, moved into their first rental together. They had an experience that required maintenance to repair their home which ultimately drove them to avoid renewing their lease at all costs. The garbage disposal in their townhome backed up, which also prevented the dishwasher from working. Rather than an open dialogue and a prompt resolution, the situation dragged on for weeks.

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property management

Fighting ID Theft – ID Theft Schemes have Become More Complex

With regular media attention detailing the latest elaborate schemes of identity thieves, most Americans are familiar with the threat and need to stay protected. Suspicious emails – just delete them. Choose strong passwords and change them regularly. These practices are becoming increasingly well known to stay safe from routine, run-of-the-mill schemes. However, because of this thieves are creating more elaborate plans that go beyond the scope of what is on your radar.

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multifamily legislation

Housing Policies Challenged: Disparate Impact Supreme Court’s Ruling on 6/25/15

Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc., decided by the Supreme Court last Thursday, held that lawsuits can challenge housing policies or practices based on their disparate impact. Subject to restrictions discussed below, the Court found that housing discrimination claims can be based on the discriminatory effect of a law or practice without needing to show intent to discriminate. While the Supreme Court had not yet weighed in on this question, the Court’s decision matches the nine federal courts of appeals that have considered the question, which may limit the decision’s consequences. The 5-4 decision included a majority opinion by Justice Kennedy and dissents by Justices Thomas and Alito.

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employee background checks

Could Your Dress Code for Leasing Agents be Discriminatory?

Lawsuits and media attention over applicants who were discriminated against are becoming more frequent and some companies are finding themselves in hot water. There are several areas receiving more attention such as sexual orientation and lifestyle, and it may be time for your company to conduct a policy language “check-up”.
It is important to remove any personal biases that could potentially interfere with the hiring process. The popular clothing chain, Abercrombie and Fitch experienced the consequences of failing to adhere to the law.

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