Tenant Screening Strategies: Verifying Rental References

Tenant Screening Strategies: Verifying Rental References

Comments

Post a Comment

Popular posts from this blog

Fair Housing and What You Need to Know

By: CHRIS JOHNSON Realtor - Property Manager Weichert Realtors, Towne & Country Property Management;  Lexington, KY As landlords and property managers we are required by law to observe the Federal Fair Housing Act. (Title VII of the Civil Rights Act of 1968) These laws are designed to protect certain classes of people that might otherwise be discriminated against intentionally or unintentionally. Protected Classes include:  Race Color Religion Sex Familial Status Handicap National Origin It should also be noted that some local ordinances may even have additional protected classes so it would be good to make sure that you know what these are. The department of Housing and Urban Development (HUD) oversees the enforcement of the fair housing act.  Under the Fair Housing Act no one involved in the sale or renting of housing may discriminate against one of the protected classes: By refusing to rent or sell housing By making housing unavailable By ...
Read more

Tenant Screening Strategies: Credit Scores

Image
https://lex4rent.wordpress.com/2017/07/08/tenant-screening-strategies-credit-scores/ BY: CHRIS JOHNSON TOWNE & COUNTRY PROPERTY MANAGEMENT  www.lex4rent.com   This is the first part in my series “Tenant Screening Strategies”  As a property manager, one of the questions I am asked most often by both tenant and clients alike is: Do I run credit and what factor does it play in making a decision? The answer to the first part of this question is simple, yes I do. Under no circumstance would I not run a credit report when making such an important decision on behalf of my client. However, the answer to the second part of that question is not quite as simple. Credit report data and scoring can vary from each of the 3 major credit reporting bureaus. As a property manager, I have seen credit scores vary by as much as 50 points. Understanding not just the score but the data contained within the credit report is key to making a decision on tenant eligibili...
Read more
Lexington, KY Rental Issues Who Should Fix What? Tenant versus Landlord. Both Should Know Their Rights.   Courtesy : http://www.realtytrac.com/news/real-estate-investing/the-home-flipping-pyramid/ One of the benefits of renting includes the option for tenants to defer home maintenance to the property owner or management company.  When a pipe bursts or an appliance starts acting up, a renter simply needs to put in a call to their manager or landlord to fix the problem. While it may be true that owners and managers are required to keep up with most property maintenance, there are some areas of maintenance that become the tenant’s responsibility.  Your tenants are expected to keep the property clean, dispose of trash properly, and need to avoid deliberate or negligent damage to the property. Most lease agreements require that a property should be returned in the same condition it was at the beginning of the lease term.  Upon vacating a unit, if any dam...
Read more