Tenant Screening Regarding inaccurate background checks
There’s a court case in the news about a background check company that allegedly incorrectly described a potential tenant and employee as a sex offender. According to courthouse news service “They blamed the inaccurate sex-offender designation on National Tenant Network having mistakenly relied on a consumer report for Charles Otis Meyer and several other individuals […]
Are Landlords Helpless against bad tenants?
The trouble with bad tenants is that landlords need the rental income. Each month that goes by without an occupied apartment is negative cashflow. Choosing to streamline your rental process may help get those apartments filled, but can lead to trouble on the back end, from late rental payments, to missed rental payments, property damage, […]
When tenants bear the cost of Tenant Screening
When screening tenants for your apartment building or condominium, make sure you are in compliance with federal, state and local ordinances. When running a credit report on a potential tenant, you must follow the Federal Fair Credit Reporting Act. Make sure you obtain a signed disclosure and release form from the potential tenant before running […]
Checking Tenant Credit Reports in the Foreclosure era
In these times of recession, you’re bound to see poor credit scores and derogatory credit information on your potential tenant’s credit reports. Many tenants are property owners who are somewhere in the mess of foreclosure or attempting a short sale. They can be desperate to find housing and that’s why they are applying to rent […]
Find out if your new tenant is litigious
While many property managers run tenant credit checks on prospective tenants, they are many other background check searches that provide additional insight into your tenant’s background. First off, a credit history report is a valuable tool for evaluate your tenant’s past fiduciary responsibility. You will see a FICO score, giving an overall portrait of your […]
Bad Tenants Can Damage Your Property
Thought we’d share with you some video that a landlord took of the inside of apartment, showing apparent damage caused by a tenant. Interesting discussion from various landlords, including the idea that you should inspect your property every six months to keep tabs on the condition of your asset. Keep in mind that tenants who […]
Tenant Screening Problems and Suggestions
Some readers have asked some important questions regarding the effectiveness of background checks in the tenant screening process. One major issue to trying to figure out an accurate, current portrait of your tenant’s fiduciary and social responsibility. What happens if you run a credit report that shows low risk, good credit? They might have great […]
Management Company sues tenant for Twitter Post
According to CBS, a resident in Chicago has been sued by her management agency for posting a Tweet on Twitter accusing her management company of being OK with moldy apartments. The suit alleges that the twitter post is a defamatory statement. Search of the subject’s name on Twitter shows the dialogue is just starting about […]
Renting out your home
Chicago Sun times discusses the pros and cons of renting out your old home while you wait for it to sell. In this tough selling environment, renting your home can be a good source of income to cover the mortage. However, becoming a landlord can be a time consuming task if you haven’t done it […]
Tenant Checker is For All Your Tenant Needs
Whether you are a large industrial and commercial landlord with offices all over the country, or the tenant with a house or a couple of apartments to rent out, Tenant Checker is designed to service all your needs. Tenant Checker is powered by Corra of the Corra Group, the company responsible for employment background checks […]
