Tenant Screening Services

Renting your property

kgontarski — Wed, 28 Mar 2012 19:34:02 +0000

If you’re thinking about renting out your property, it’s important to set a rent that will cover your costs, earn you a profit, minimize vacancies and provide value to your tenants. The key factor in determining your home’s rental price … Continue reading →

The Protecting Tenants at Foreclosure Act

kgontarski — Wed, 28 Mar 2012 19:04:23 +0000

Background The Protecting Tenants at Foreclosure Act of 20091 became effective on May 20, 2009. This new law protects tenants from immediate eviction by persons or entities that become owners of residential property through the foreclosure process and extends additional … Continue reading →

What is a Conditional Acceptance Letter?

kgontarski — Thu, 15 Mar 2012 19:22:03 +0000

A Conditional Acceptance Letter is a letter that specifies additional requirements such as additional deposit monies or that the tenant applicant has to meet to be accepted as a tenant. The Fair Credit Reporting Act requires that a form of … Continue reading →

What is a Denial Letter With Reasons?

kgontarski — Thu, 15 Mar 2012 19:20:55 +0000

A Denial Letter with Reasons is also known as an Adverse Action Letter with Reasons. It’s very similar to the Denial Letter but it provides specific reasons for denial based on information in the applicant’s a consumer report. A form … Continue reading →

What is a Denial Letter?

kgontarski — Thu, 15 Mar 2012 19:19:41 +0000

A Denial Letter is also known as an Adverse Action Letter. The Fair Credit Reporting Act requires that a form of this denial letter or adverse action letter must be provided to any rental applicant you choose to deny residency … Continue reading →

Market Switching Condos to Rentals

kgontarski — Wed, 21 Dec 2011 17:34:50 +0000

By ELIOT BROWN of the Wall Street Journal For at least three years, Related Cos. had been planning for the 151 apartments on the highest floors of its new apartment tower in Midtown to be condominiums, sitting atop 663 … Continue reading →

When Your Tenant Won’t Pay

kgontarski — Fri, 04 Nov 2011 20:35:03 +0000

There comes a point when apartment owners find that despite their best efforts at resident screening, they will have to grapple with evictions and collections in response to non-payment of rent. The weak labor market is currently contributing to greater … Continue reading →

Government seeks to sell foreclosures as rentals

kgontarski — Wed, 26 Oct 2011 20:16:20 +0000

The Obama administration said on Wednesday that it was soliciting ideas on how to turn the federal government’s inventory of foreclosed houses into rental properties that could be managed by private enterprises or sold in bulk. The goal, the administration … Continue reading →

Turning a tenant applicant down because of their credit report information? Know your legal obligations!

kgontarski — Fri, 22 Jul 2011 19:47:19 +0000

The FCRA requires you as the potential property manager/landlord to give an adverse action notice to each consumer whose credit report was used to deny their lease application. The consumer is also then entitled by the law to a free … Continue reading →

TransUnion Credit Report Codes

amitchell — Tue, 28 Jun 2011 19:42:04 +0000

ECOA (Equal Credit Opportunity Act) Inquiry and Account Designators A – Authorized user of shared account C – Joint contractual liability I – Individual account for sole use of customer M – Account for which subject is liable, but co-signer … Continue reading →