As the renting population continues to increase, so does the competition between properties looking to attract new tenants. While there are still tenants just looking for a place to live, there is also a demographic searching for the best property that will satisfy all of their needs. Here are some tips on how to broaden your properties appeal to a larger group of apartment seekers:
Social Security numbers, driver’s license numbers, bank account numbers and credit scores – these are just a few of the ways we are identified before anyone even knows our names!
The first three have been around for a long time and we are all aware of their importance, but what about credit scores? What are they, and what do they tell about us?
Have you ever had an applicant that required an adverse action letter?
Maybe their credit score didn’t meet your criteria or their monthly income was below your requirement. Whatever the reason was, did you make sure to send a proper adverse action letter or notice – because if not, you are violating your consumers rights under the Fair Credit Reporting Act. You need to know constitutes the need for an adverse action notice and what are the best ways to go about providing one or else you might end up with a very disgruntled consumer.
While there are plenty of ways around being involved in social media for business, having an apartment Facebook is one of the easiest ways to communicate with people on a different level. As of March of 2012, more than 105 Million people in the U.S. are daily users of the site¹. As of last year, the National Multi-Housing Council released that there are just over 40 Million renter occupied homes in the U.S.². Clearly, this is a site that can benefit you as a manager looking for new tenants and longer resident retention – follow these 5 guidelines and you should have a respective following in no time!
It seems like everywhere I look I see advice on how to get residents into your property and how to keep them there. What I don’t see is articles about how to make an impact on your resident right after they sign the lease. The period after they sign the lease and begin moving in is one of the most difficult times. They have to go through the headache of moving, transferring all accounts, informing people of their new address, and then they still have to adjust to a new home. Adding value to their life during this period may make more of an impact than any other time. Here are some great ways to improve their transition:
I recently came across the topic of a questionable Fair Housing violation regarding a rental that already had a tenant. The issue arose from the present tenant marrying an individual who has been recently released from incarceration due to a felony charge. While congratulations to the newlyweds is certainly in order, this does raise some concerns for a property that has a policy established as to what is required on a background check to approve the application. Here’s what you need to know about Fair Housing compliance in delicate situations: