tenant screening: Who Put Those CRIMINALS in Your Rental Home? OH! You Did?
- 05/15/13 10:56 PM
Our local media is buzzing about a raid local authorities made on an UPscale home in an established neighborhood adjacet to the University of Virginia. On the heels of the Boston Marathon Bombings * seeing SWAT teams in this quiet area was chilling for local residents. What is even more chilling is that the rental residents of the home - several single/UNrelated males with multiple vehicles with differet state license plates - were making FAKE IDs and that the authorities had had them on their RADAR for almost 6 months based on a sting of faux IDs being mailed from a … (49 comments)
tenant screening: Trust but Verify * Even if your gut tells you a tenant prospect is OK!!!
- 04/11/11 12:17 AM
A few years ago I had a really BAD tenant. She was GOOD at first * sold her home and wanted to down-size after the death of her husband. Everything was good for a few years, then her daughter had to move in because of a domestic issue and that brought kids and extra dog. Then her tutoring business fell off as Sylvan and other professional organizations came into town. Then I had to evict her as the owner needed to sell the home for tax reasons. Once she had left and provided me with a forwarding address I was curious … (64 comments)
tenant screening: So Far * It's WORKING! I don't know why I didn't do this EARLIER!
- 01/28/11 07:06 AM
I'm so pleased * so far my New Year's resolutions are working. 1) I am encouraging rental prospect callers to view my website and use the online listing inquiry form. This puts them, their contact e-mail and cel phone AND the property they are interested in ALL in ONE PLACE * in my e-mail AND on my cel phone. NO MORE TAKE DOWN MY NAME IN CASE SOMETHING COMES UP..... 2) My response e-mail contain these questions When are they moving? How many in their family? Do they have pets? Knowing these answers helps me direct their rental home search to … (5 comments)
tenant screening: Chicago Landlord pays $35,000 * BUT WHO GETS THE $$$? Who Pays the Costs?
- 01/21/11 10:43 PM
Decades ago, these types of settlements never saw the light of day NOR were they discussed, printed or put on the internet. A "side" issue of the DoJ's crowing about THIS settlement is that NOW the complainants will FOREVER be linked with this situation by GOOGLE and other search engines. When FUTURE landlords, employers, etc. Google their names, this DoJ press release will come up. Did the Majied family foresee this when they contacted the South Suburban Housing Center with their fair housing complaint? Was there a WARNING on their complaint form? Was there a RELEASE that their situation could be … (2 comments)
tenant screening: Not MY Typical Tenants!?! Homeowner w/NO References v Tenants w/GOOD References
- 06/04/10 05:49 AM
I am so VERY tired of real estate agents telling me that their clients * who called them from an OLD bus bench ad or their poorly presented Craigslist rental ad * are NOT MY TYPICAL TENANTS * THEY ARE HOMEOWNERS * when they get my response of OK? they are nonplussed that I am not jumping for joy. Homeowner tenant prospects may have a credit history; however, they do not have a current or past landlord history and verification and MANY have not been "tenants" in decades. For whatever reason, they are electing to rent rather than buy and … (2 comments)
tenant screening: Are free credit reports actually free?
- 01/09/10 03:46 AM
I've you've ever had an applicant say their have their OWN credit report, you should know the difference between the one THEY can get and the one WE pull as a CREDIT GRANTOR are DIFFERENT...these reports are good, they should not be taken if they are over 30 days old.
I've posted previously about what goes into a credit report - or more specifically what makes up your FICO Score. Now, the question is, how can you see actually what the credit reporting agencies are saying about you? Your credit file is more than just the FICO score. It … (6 comments)
tenant screening: Finally * Tenant Screening services for small Landlords and Property Managers
- 07/01/09 05:44 AM
One of the HARDEST parts of being a landlord is being able to "pull" applicant credit reports for tenant screening. 10 years ago it was much easier; however, now it is more difficult if one is not a large firm running lots of reports and charging application fees to cover the costs. Finally, there is now online help. The website Rentlaw has partnered with TransUnion to allow landlords and small time PMs to screen their tenants with NO SET UP COSTS (reports appear to cost between $20 and $25 which are easily covered by landlord's charging an application fee for each … (3 comments)
tenant screening: Is TECHNOLOGY adding to the NUMBER of HOMELESS families!?!
- 03/28/09 11:01 PM
I ask this because in my over 40 years as a property manager, I have seen where it used to take 3 days to screen a rental applicant, it now can take less than 15 minutes. I remember calling the credit bureau, giving my firm's passcode and the applicant's SS# and it would get a call back the next day with very sketchy credit information. Originally I would take the information down long-hand and then the credit bureau gave us sheets that we could use to fill in the information - this was BEFORE faxes and computers. I would call employers and I would call current … (11 comments)
tenant screening: How do you verify your applicant's rental income?
- 05/10/08 11:56 AM
More and more frequently, I am getting applicants who own property elsewhere that they are not selling and have chosen to rent. Their credit report comes up with their mortgage obligation on that property....how do you verify additional rental income to cover that expense? Do you 1) request copy of their lease with their tenant; 2) request information from their property manager 3) request income/rental verification from their tenant I have been offered copies of their tenant's lease with the caveat that they had not run a credit report on the tenant. I don't want that information in my file on … (2 comments)
tenant screening: Do you let prospects run their own credit report?
- 05/09/08 05:57 AM
Craigslist posting with SCAMMER suggesting prospects provide their own credit report is the SECOND "hidden" caution in the SCAM. With a copy of the credit report that a prospect can run on themselves, fake IDs can be easily produced which scams the CL "prospect" a second time. At a recent Virginina Association of Realtors L-T seminar, it was suggested by a newbie PM that they do not need to subscribe and go through "due diligence" on site inspection from credit reporting to run prospect applicants reports since they have prospects pull their own report.... WRONG * the report a consumer pulls is … (11 comments)
tenant screening: CONFIDENTIALITY! How do you protect your tenants' financial information?
- 04/29/08 07:52 AM
When I purchased my first Lexus several years ago, Lexus Financial gave me a one-page confidentiality statement regarding our relationship since I was financing the car through them. I kept the statement and I started thinking about it...I have now incorporated it into my Resident Handbook so that residents KNOW how I handle their financial information: CONFIDENTIALITY: There are limited instances whereby we can disclose or discuss the terms of our relationship and the status of your lease agreement without your written consent. Any request for information on your lease status should be requested in writing by all parties who signed … (3 comments)
Our local media is buzzing about a raid local authorities made on an UPscale home in an established neighborhood adjacet to the University of Virginia.
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