tenant check: Tenant Screening Is Quick and Painless
- 04/18/13 07:00 AM
A close friend of mine just rented out her house without conducting any tenant screening. Now this didn’t baffle me just because I operate a tenant screening company :), but for someone that I consider remarkably intelligent and responsible, I was mystified about how she could take such a nonchalant approach to trusting tenants. Without properly screening a new tenant a landlord can end up losing far more time and money than they gain. My friend is one of those landlords that assumes this would never happen to her because “she is a good judge of character and knows whether a … (1 comments)
tenant check: Investigate Your Tenants Without Violating The FCRA
- 03/05/13 12:45 AM
There is a substantial body of law regulating what consumer reporting agencies can and cannot report for purposes of tenant screening. The overarching statute is the federal Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 et seq. Landlords should be aware of these regulations as they explore their tenant screening options. The FCRA defines consumer reporting agencies (CRA’s) as “…any person which, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties, and which uses … (1 comments)
A close friend of mine just rented out her house without conducting any tenant screening. Now this didn’t baffle me just because I operate a tenant screening company :), but for someone that I consider remarkably intelligent and responsible, I was mystified about how she could take such a nonchalant approach to trusting tenants.
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